Business
Origen Resources Acquires Prospective Lithium Belt in Argentina
Vancouver, British Columbia--(Newsfile Corp. - October 13, 2021) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company" or "Origen") is pleased to annou
About this update from Origen Resources Inc
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 13, 2021) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the \"Company\" or \"Origen\") is pleased to announce that it has entered into an agreement to acquire the prospective Lithium bearing Los Sapitos salar in San Juan Province Argentina from two private individuals. The current claim package totals 26,962 hectares (ha) and is located in the northern portion of San Juan Province along a relatively unexplored tectonic corridor. A series of salars, hot springs and geysers are situated within this tectonic corridor and is geologically analogous to well-known lithium bearing environments in Salta and Jujuy provinces. Figure 1: Location Map of Los Sapitos Limited sampling of brine on the property during the rainy season in 2018 returned a value of 390 mg/L lithium from a sample collected from a shallow pit. This compares favourably to the lithium content found in a number of salars under development within the Lithium Triangle. The area is host to vast alluvial sand and clay deposits which have never been investigated for their lithium content. Very limited exploration has occurred on the project since it was acquired by the vendors and the initial focus of the Company will be to conduct systematic sampling of not only the brines, but also investigate the potential for the presence of lithium rich clays. Ulexite (a boron evaporite mineral) has also been identified on the Property and indicates that concentrated boron bearing brines have been present which is an indicator for lithium prospectivity. \"Our team has been engaged in a worldwide search for quality exploration opportunities and utilized its extensive experience in Lithium exploration and development to identify and secure the district scale Los Sapitos project. We are excited to get crews on the ground to begin to unlock this region's potential in the coming weeks,\" states Blake Morgan, Company President. Figure 2: Aerial View of the Los Sapitos Project As part of the acquisition, Origen has made an application to acquire the rights to an additional 21,363 hectares of open ground, known as the La Rioja exploration area, within this new prospective lithium belt. Approval of these applications are pending.. Figure 3: Claim Holdings within the Tectonic Corridor Further details on the project can be found on the Comp...