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Origen Resources Receives Final Airborne Results at Middle Ridge and Mobilizes Crews to Newfoundland
Vancouver, British Columbia--(Newsfile Corp. - October 25, 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 25, 2021) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the \"Company\" or \"Origen\") is pleased to announce that it has now received the final airborne results for its Middle Ridge project in Newfoundland. Exploration crews are being mobilized to follow-up on the numerous and extensive anomalies identified in the survey. Highlights Survey located deep seated structure important in formation of orogenic gold deposits; Strong magnetic correlation with known quartz veins and surface mineral showings analogous to other orogenic gold discoveries in the region; VTEM confirms prospective zone over 30 km in length; and Tectonic setting conducive to both orogenic gold and lithium pegmatite discoveries. \"The Origen team is thrilled with these results. Over the last 12 months the company has put itself in an outstanding position to create value for its shareholders. We expect this to continue as we move towards drilling these high priority assets,\" states Company President Blake Morgan. Middle Ridge Gold Airborne An 867 line-kilometre helicopter-borne VTEM (Versatile Time-domain Electromagnetic) and magnetics survey was conducted by Geotech Ltd. of Aurora, Ontario over the project area to identify prospective targets for orogenic gold deposits. A prominent 30 km long VTEM anomaly was traced across the Property. This anomaly is interpreted as a deep-seated structure where the Gander Zone and Exploits Subzone meet and is indicative of a setting favorable for the formation of orogenic gold deposits. \"The airborne geophysical survey has been a success, adding a new dimension to our understanding of the Property. Specifically, this includes evidence of the Exploits-Gander boundary trace, an important deep seated tectonic structure that along with other important prospectivity features for orogenic gold targeting supports immediate follow-up. There are also a number of complementary cross cutting and secondary structures visible in the survey map products that will contribute to prioritizing follow-up work,\" states Gary Schellenberg CEO of the Company. In addition to the gold prospectivity, the property hosts large areas of Middle Ridge granite that is believed to be the right age and within a favorable tectonic structural environment for the emplacement of lithium bearing pegmatit...