ORIGEN RESOURCES INC.
'The results of the airborne geophysical survey exceeded our expectations. After strongly encouraging geochemical results in 2020, our 2021 survey has added a new dimension to the project as we look deeper and extend existing targets,' states
The district-scale Lulu Porphyry Target Area ('Lulu') stretches over a 4 km by 5 km area and exhibits geochemical similarities to other large nearby porphyry deposits. Lulu encompasses multiple high-priority prospects such as Nulu, Lucifer and the newly discovered
Modelling of the magnetics and VTEM geophysical surveys flown this summer, by Geotech Airborne Geophysical Surveys of
The geophysical interpretation also indicates potential structural controls to the Lulu prospects. This has improved the potential of the Hidden Gold zone with the geophysics displaying a larger target corridor underlying the Hidden Gold zone than currently defined by the geochemical anomaly.
This new information combined with the geochemical anomalies identified in 2020 have resulted in the emergence of multiple high-priority target areas. The Company's next steps will be to refine the target areas in preparation for drill testing. Geotech has been retained to conduct additional processing and interpretation of the magnetics and VTEM data to assist with the refining of the target zones.
Long
A 600-metre-long copper-molybdenum-rhenium anomaly, defined by 25 consecutive highly anomalous talus fines samples, was discovered in 2020, 750 metres to the west of the historical Noranda sampling and is situated in the northwest of the Lulu porphyry target area. This recently discovered anomalous extension to the historical work returned values of 101.5 parts per million to 293.1 parts per million copper, 19.2 parts per million to 114.6 parts per million molybdenum and less than 0.005 part per million to 0.127 part per million rhenium.
The Hidden Gold zone is a gold and silver geochemical anomaly located in the northeastern Lulu porphyry target area. Consistently elevated gold and silver results were obtained on two adjacent reconnaissance sampling lines, with two samples returning grades in soil of 1.8 grams per tonne gold with 4.2 grams per tonne silver and 1.7 grams per tonne gold with 5.3 grams per tonne silver. The anomaly is believed to be located close to the source as both sample lines were collected along ridges, with the northernmost line paralleling the edge of a receding glacier limiting the distance and direction of mechanical mineral transport. The anomaly remains open in two directions-to the southwest and to the northeast under snow cover-and currently covers an area of 400 metres by 200 metres.
Gold results ranged from less than 0.001 gram per tonne to 1.8 grams per tonne and silver values from 0.11 gram per tonne to 5.3 grams per tonne at the Hidden Gold zone.
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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