Business
Origen Resources Permitted for Phase I Drilling on LGM Property in the Golden Triangle
Vancouver, British Columbia--(Newsfile Corp. - April 12, 2021) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VX) (the "Company" or "Origen") is pleased to announce
About this update from Origen Resources Inc
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - April 12, 2021) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VX) (the \"Company\" or \"Origen\") is pleased to announce that it has been granted a five-year area-based exploration and drilling permit for its LGM property (\"LGM\" or \"Property\") located in the heart of the Golden Triangle in Northern B.C. \"The results from the 2020 exploration season gave Origen, and our shareholders, an exceptional opportunity for discovery in 2021. With drill permits in hand we are taking the LGM property to the next stage of development this year; drilling high grade gold and kilometer scale copper porphyry targets,\" states Blake Morgan, Company President. Exploring the district-scale Lulu Porphyry Target Area that stretches over a 4 km by 5 km area, and encompasses multiple high-priority prospects such as the newly discovered Long Ridge and Hidden Gold zones, will be a priority this season. Exploration Plan for 2021: Commence an Airborne EM and Magnetometer geophysical survey in the spring of 2021; Conduct 15 km of IP survey over the Lulu Porphyry Target Area; Drill test 4 high priority targets with a minimum of 2,000 meters; and, Continue sampling and mapping of the newly discovered Long Ridge Cu-Mo-Re and Hidden Gold Zones. The Company has contracted Geotech Ltd. of Aurora, Ontario to conduct an airborne VTEM and magnetometer survey over the Property. The survey will cover the previously identified porphyry targets and will greatly aid in future drill targeting over the encouraging and highly anomalous copper-molybdenum-gold-rhenium soil and talus anomalies. The VTEM time domain EM and high sensitivity cesium magnetometer survey will enable us to map the geological structures and lithologies, and will be instrumental in planning follow-up work at the LGM. The program will consist of a total of 890-line kilometers and is scheduled to commence in May. A follow-up Induced Polarization (\"IP\") geophysical survey is set to commence in early summer to further refine targets within the Lulu Porphyry Target Area ahead of an inaugural mid-season drill program consisting of a minimum of 2,000m. The permit allows the Company to establish 50 drill pads, construct helicopter pads, establish access trails, conduct up to 100 km of ground IP geophysics and complete trenching on each of the 4 priority proje...