Orogen Royalties Inc. has acquired the Toro de Oro and El Gigante gold projects in southwest Utah, adding two low-sulphidation epithermal targets to its portfolio of early-stage assets available for option or sale.

The properties were generated in partnership with Triple Flag Precious Metals by applying epithermal exploration strategies developed in Nevada and Mexico to underexplored caldera complexes in southwest Utah.

The Toro de Oro project covers approximately 8.6 square kilometres within the Indian Peak Caldera Complex. It features an extensive footprint of steam cap alteration, including advanced argillic alteration and chalcedonic vein sets indicating a high-level epithermal system.

The El Gigante project covers approximately 3.4 square kilometres located four kilometres north of Modena, Utah. It contains two sub-parallel quartz veins exceeding three metres in width and extending over 350 metres in length. Reconnaissance sampling returned up to 101 parts per billion gold, showing strong textural similarities to the surface expression of the Ermitaño vein in Mexico before discovery drilling.

Both projects are underexplored with no evidence of historical drilling. The initial assay results represent first-pass reconnaissance grab samples that do not reflect the true width or grade of mineralization.

“Orogen have applied discovery-proven epithermal exploration strategies developed in Nevada, USA and Sonora, Mexico to underexplored caldera complexes of southwest Utah in an alliance funded by Triple Flag Precious Metals,” said Laurence Pryer, VP Exploration of Orogen. “Toro de Oro and El Gigante are the first projects to come out of this partnership and exhibit strong similarities to Orogen's previous major discoveries. We look forward to showcasing these projects at Orogen's upcoming Project Generator Day on September 16 th .”

Orogen will present Toro de Oro and El Gigante during its annual Project Generator Day on September 16, 2026.

Read the full announcement: Orogen Royalties Acquires Two Gold Projects in Southwest Utah