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Origen Resources Granted Additional Claims in Prospective Lithium Belt in Argentina
Vancouver, British Columbia--(Newsfile Corp. - November 8, 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. - November 8, 2021) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the \"Company\" or \"Origen\") is pleased to announce that it has now been granted rights by the province of La Rioja, Argentina to explore an additional 21,000 hectares within the prospective lithium belt that extends from the Los Sapitos salar in San Juan north into La Rioja province. The Company's two claim packages now total over 47,000 hectares (ha) and are centered on known salars or dry salt lakes. Figure 1: Location Map of Los Sapitos Lithium Belt The belts tectonic setting, geothermal activity and observed brine chemistry are similar to that of the Lithium Triangle to the north and give rise to the potential for discovering 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 their lithium content. Very limited exploration for lithium has occurred within the project area and the initial focus will be to conduct a regional geophysical gravity survey to determine controlling structures, basin shape and consequently, potential traps within the basins. In addition, the team will conduct systematic sampling of not only the brines, but also investigate the extent and characteristics of lithium-rich clays. Ulexite (a boron evaporite mineral) has also been identified throughout the belt and indicates that concentrated boron-bearing brines have been present, which is an indicator of lithium prospectivity. \"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,\" states Blake Morgan, Company President. Figure 2: Claim Holdings within the Tectonic Corridor Newfoundland Lithium Update The Company is now in receipt of the required exploration permits in Newfoundland and has commenced field work. It is anticipated that this first sampling and prospecting phase of the program will take approximately 6 weeks. Further details on the project can be found on the Company's website www.origenresources.com. One of the world's largest lithium suppliers, Ganfeng Lithium Corp., holds a 4.3% equity stake in in Origen. John Harrop, P. Geo., a Qua...