Vancouver, British Columbia--(Newsfile Corp. - June 2, 2022) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company" or "Origen") is pleased to provide an update on its Newfoundland Lithium exploration program.
2021-2022 Exploration Program
Exploration continues on the Company's twenty greenfield lithium prospects in Newfoundland. Exploration crews collected and submitted for analysis, a total of 225 rock, 316 till and 568 biogeochemical samples in recently completed phases of fieldwork. The Company eagerly awaits the results from the spring 2022 program as analytical results from the autumn 2021 phase of exploration proved Origen's exploration concept by confirming existing lithium anomalies and generating new targets.
Satellite image processing was used to optimize fieldwork and outlined numerous potential pegmatite outcrops. These locations were investigated by field crews and samples are being analyzed for lithium and associated pathfinder elements. Pegmatites identified at these locations are centimeters to metres in width and in some cases were traced for up to 100 meters along strike before the pegmatites were lost under cover.
The recently completed work on numerous pegmatite clusters confirmed many have beryl associated with them, which is an important mineral known to form part of district scale LCT (lithium-caesium-tantalum) pegmatites. In addition, internal zoning within larger pegmatite dykes was observed and when combined with geochemical results and mineralogy will enable targeting for our next phase of exploration to vector in on the heart of lithium rich, spodumene bearing pegmatites. The next phase of work is planned for later this year and will move the project towards drill testing.
"In one year the concept of discovering lithium in Newfoundland has gone from an idea to reality. We are very excited and encouraged with our initial results and work done by others exploring for lithium in the province. Being one of the first companies to identify the lithium potential in Newfoundland has allowed us to acquire an enviable land package covering some of the most prospective geology in the province," states Blake Morgan, President.
John Harrop, P.Geo., a Qualified Person as that term is defined in NI 43-101 has prepared, supervised the preparation or approved the scientific and technical disclosure in the news release.
About Newfoundland Lithium Belt
The Newfoundland Lithium Belt exhibits all the characteristics of a major lithium rich corridor observed from Ireland to the Carolinas. There are key indicative signs that point to specific target areas with high expectations for the discovery of lithium rich pegmatites. Numerous occurrences of pegmatites have been observed in proximity to prospective lithium-cesium-tantalum ("LCT") geochemical signatures. Mapping of the geochemical pathfinders for lithium has revealed distinct vectors that have guided the Company to focus in on priority areas and acquire a commanding land position in this new belt.
These geochemical pathfinders, on a regional scale, reveal a distinct corridor that transects Newfoundland and corresponds to the tectonic suture zone hosting the world-class Carolina Tin-Spodumene Belt and the lithium pegmatite occurrences in Ireland that have received significant attention in recent years. In addition, the age of the associated parent granites observed in Newfoundland coincides with the 'sweet spot' when lithium rich pegmatites were emplaced along the belt.
Origen is an exploration company engaged in generating, acquiring and advancing base, precious metal, and lithium properties. The Company currently holds a property portfolio of four 100% owned precious and base metal projects in southern British Columbia, a 100% interest in the 26,771 ha LGM project property in the mineral rich Golden Triangle of British Columbia, a 100% interest in the Middle Ridge gold project, a 100% interest in 20 lithium prospects in Newfoundland and a 100% interest in the Los Sapitos Lithium project in Argentina.
On behalf of Origen,
For further information, please contact Caroline Klukowski, Investor Relations at 604.260.5490.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute "forward-looking information." In particular references to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126049