- Origen Resources (ORGN) has been granted 21,000 hectares in a prospective lithium belt in Argentina
- The company’s two claim packages on the belt now total over 47,000 hectares centered on known salars or dry salt lakes
- The area shows signs of lithium prospectivity, including tectonic setting, geothermal activity and observed brine chemistry similar to the Lithium Triangle to the north
- Origen is an exploration company engaged in generating, acquiring and advancing base metal, precious metal and lithium properties
- Origen Resources (ORGN) closed up by 9.09 per cent trading at $0.36 per share
Origen Resources (ORGN) has been granted 21,000 hectares in a prospective lithium belt in Argentina.
The rights, granted by the province of La Rioja, extend from the Los Sapitos Salar in San Juan North into La Rioja.
The company’s two claim packages on the belt now total over 47,000 hectares centred on known salars or dry salt lakes.
The belt’s tectonic setting, geothermal activity and observed brine chemistry are similar to the Lithium Triangle to the north, giving them the potential for holding structural traps for lithium-bearing aquifers at depth. The area is also host to vast alluvial sand and clay deposits that have never been investigated for lithium content.
Very limited lithium exploration has occurred within the project area as a whole; therefore, the initial focus will be to conduct a regional geophysical gravity survey to determine controlling structures, basin shape and potential traps within the basins.
In addition, the team will conduct a systematic sampling of brines and lithium-rich clays. Ulexite (a boron evaporite mineral) has been identified throughout the belt, indicating that concentrated boron-bearing brines have been present, which is a sign of lithium prospectivity.
Blake Morgan, Origen’s President, stated,
“Controlling 47,000 ha in this newly identified lithium region is yet another game-changer for our shareholders. The Origen team looks forward to getting boots on the ground in the coming weeks to start unlocking the value we see in this asset.”
The company has also received its Newfoundland exploration permits and commenced fieldwork. It anticipates that the first sampling and prospecting phase of the program will take approximately six weeks.
Origen is an exploration company engaged in generating, acquiring and advancing base metal, precious metal and lithium properties.
Origen Resources (ORGN) closed up by 9.09 per cent trading at $0.36 per share.