- Origen (ORGN) has staked an additional claim block covering 3,500 hectares in the Newfoundland Lithium Belt
- The claims are located adjacent to Sokoman Minerals and Benton Resources’ Golden Hope joint venture, where high-grade lithium values were recently reported
- The company intends to mobilize crews into the new claims within the next few weeks to commence mapping, prospecting and geochemical sampling
- Origen Resources is an exploration company engaged in generating, acquiring and advancing base metal, precious metal and lithium properties
- Origen (ORGN) is up by 14.71 per cent and is currently trading at $0.39 per share
Origen (ORGN) has staked an additional claim block covering 3,500 hectares in the Newfoundland Lithium Belt.
The company’s total holdings now stand at over 37,000 hectares in this newly identified and highly prospective lithium corridor.
The new claims contain the following characteristics indicative of lithium-rich pegmatites based on Origen’s previous acquisitions:
- Age of the associated granite intrusive
- Areas known for pegmatite occurrences
- Similar tectonic setting to Kings Mountain and lithium pegmatite occurrences in Ireland
- Highly-favourable lithium-cesium-tantalum geochemical signatures, revealing distinct vectors that have guided the company to more prospective areas
The new claims are also located adjacent to Sokoman Minerals and Benton Resources’ Golden Hope joint venture. Recent announcements by the companies reported high-grade lithium values in grab samples from pegmatite dykes.
Origen intends to mobilize crews into the new claims within the next few weeks to commence mapping, prospecting and geochemical sampling. The immediate goal is to define priority target areas through techniques developed over the last two decades on Ireland’s Avalonia (Leinster) pegmatite belt.
Blake Morgan, Origen’s President, stated,
“We are extremely excited about this acquisition in a now proven lithium region. The team has worked tirelessly compiling the data out of Newfoundland and we are thrilled to acquire such a prospective asset.
The recent announcement of the discovery of lithium-bearing pegmatites on an adjacent claim block validates the prospective nature of our existing land package and motivated us to acquire more claims in the area.
We are eagerly awaiting the receipt of our work permits as fieldwork is planned to begin shortly. With Ganfeng Lithium already owning a 4.3 per cent stake in the company, Origen is in a prime position to increase value for our shareholders.”
Origen Resources is an exploration company engaged in generating, acquiring and advancing base metal, precious metal and lithium properties.
Origen (ORGN) is up by 14.71 per cent and is currently trading at $0.39 per share as of 12:20 pm ET.