Exploration crews are being mobilized to follow-up on the numerous and extensive anomalies identified in the survey.
Highlights
Survey located deep seated structure important in formation of orogenic gold deposits; Strong magnetic correlation with known quartz veins and surface mineral showings analogous to other orogenic gold discoveries in the region; VTEM confirms prospective zone over 30 km in length and Tectonic setting conducive to both orogenic gold and lithium pegmatite discoveries.
'The Origen team is thrilled with these results. Over the last 12 months the company has put itself in an outstanding position to create value for its shareholders. We expect this to continue as we move towards drilling these high priority assets,' states Company President
Middle Ridge Gold Airborne
An 867 line-kilometre helicopter-borne VTEM (Versatile Time-domain Electromagnetic) and magnetics survey was conducted by
'The airborne geophysical survey has been a success, adding a new dimension to our understanding of the Property. Specifically, this includes evidence of the Exploits-Gander boundary trace, an important deep seated tectonic structure that along with other important prospectivity features for orogenic gold targeting supports immediate follow-up. There are also a number of complementary cross cutting and secondary structures visible in the survey map products that will contribute to prioritizing follow-up work,' states
In addition to the gold prospectivity, the property hosts large areas of
Crews will focus on till sampling, prospecting, and mapping along the trace of the 30 km long deep-seated structure.
In parallel, the
About Newfoundland Lithium Belt
The Newfoundland Lithium Belt exhibits all the characteristics of a major lithium rich corridor as observed in
These geochemical pathfinders, on a regional scale, reveal a distinct corridor that transects
About
This large property (7,875 ha) is located in the heart of the new Newfoundland Gold Rush. It occurs near a major deep crustal fault that potentially has tapped gold bearing hydrothermal fluids and provided a plumbing system towards the surface. Gold, silver and base metal lake sediment anomalies identified by Noranda in the 1990s suggests a fertile gold environment.
About Origen
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
Contact:
Tel: 236-878-4938
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.
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