Business
Origen Resources 2020 Year-End Recap and Plans for an Active 2021
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2021) - Origen Resources Inc. (CSE: ORGN) (the "Company" or "Origen") is pleased to provide this year-
About this update from Origen Resources Inc
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 8, 2021) - Origen Resources Inc. (CSE: ORGN) (the \"Company\" or \"Origen\") is pleased to provide this year-end review and outline plans for an active 2021. \"The whole Origen team is extremely proud of what we have accomplished in eight short months since listing in May amidst the challenges that COVID-19 has delivered. We were able to enhance our asset base by acquiring five new projects, entering into option agreements to advance projects and making strategic investments that are currently valued at approximately $2,200,000. With the momentum created by these achievements, 2021 is looking very positive for our shareholders,\" states Origen President, Blake Morgan. 2020 Highlights: Gold discoveries in newly acquired LGM and optioned Wishbone projects in B.C.'s Golden Triangle in a two phase program setting the stage for an exciting 2021. Entered into an option to acquire a 100% interest in the Middle Ridge property in the prolific \"Exploits Subzone Gold Belt\" in Newfoundland. Acquired a 100% interest in two base and precious metals projects in southern B.C. Entered into agreements with third parties to advance two of the Company's exploration assets. Completed two investments in Exploits Discovery Corp. that resulted in the purchase of 3.67 million shares. Origen began trading on May 5th and hit the ground running by acquiring a 100% interest in the precious and base metal Bonanza Mountain and Broken Handle projects located in southern BC. The Company capitalized on this momentum with the acquisition of a dominant 30,742 hectare land package in the mineral endowed Golden Triangle of northwest B.C. Origen acquired a 100% interest in the LGM project and an option to acquire a 100% interest in the Wishbone project which lies 12km to the west of the LGM and adjacent to Teck and Newmont's Galore Creek project. The final property acquisition of 2020 occurred in November with the Company entering into an option to acquire a 100% interest in the Middle Ridge property in the prolific \"Exploits Subzone Gold Belt\" in Newfoundland, home to New Found Gold Corp.'s Queensway discovery. During 2020, Origen also made two investments in Exploits Discovery Corp. to diversify its asset portfolio. The two investments resulted in the combined purchase of 3.67 million shares of Exploits Di...