Hot Tip Project Highlights
A low-sulphidation epithermal gold target highlighted by a large four-kilometre-diametre steam heated alteration cell focused on an undrilled three- kilometre-long by one-kilometre-wide graben.
Widespread pathfinder anomalism at surface indicates an extensive metal rich hydrothermal cell proximal to the margins of two calderas.
Historical drilling in hydrothermal breccia outside of the graben margin includes 0.38 grams per tonne ('g/t') gold over 24 metres.
A district scale target with similarities to
Hot Tip was acquired through staking under the Orogen-Altius Minerals generative exploration alliance.
Orogen VP of Exploration,
About the
The 890-hectare Hot Tip property is located in central
The property contains a four-kilometre-diametre Late Miocene epithermal steam cap consisting of silicified and argillized Oligocene tuffs overlying Devonian dolostones with common jasperoid development. The core of the alteration zone is marked by alunite with a morphology, habit and geochemistry indicative of an underlying boiling zone. The alunite is concentrated in a three-kilometre-long by one-kilometre-wide graben comprising the untested, down dropped, core of the system. A historical drill hole near a hydrothermal breccia outside the northwest margin of the graben returned 0.38 g/t gold over 24 metres indicating the precious metal bearing potential of the system. Pathfinder elements are strongly anomalous and define an extensive metal-rich hydrothermal system.
Orogen has mapped rhyolite dykes across the property whose emplacement is controlled by the graben structures. These dykes are proposed to constitute apotheoses of favourable intrusive host rocks at depth analogous to
The alteration at Hot Tip is open under alluvial cover to the north, south, and east with altered outcrops of silicified rhyolite with visible cinnabar, within the extension of the graben, over three kilometres to the south of the principal target displaying the district scale potential of the property.
About
Contact:
Tel: 604-248-8648
Email: info@orogenroyalties.com
Forward Looking Information
This news release includes certain statements that may be deemed 'forward looking statements'. All statements in this presentation, other than statements of historical facts, that address events or developments that
Although the Company believe the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
(C) 2023 Electronic News Publishing, source