Business
Origen Resources Sells Wishbone to Forty Pillars Mining
Vancouver, British Columbia--(Newsfile Corp. - October 6, 2021) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company" or "Origen") is pleased to announ
About this update from Origen Resources Inc
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - October 6, 2021) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the \"Company\" or \"Origen\") is pleased to announce that it has entered into an assignment agreement with Forty Pillars Mining Corp. (\"Forty Pillars\"), to transfer to Forty Pillars a 100% interest in its Wishbone property (\"Wishbone\" or \"Property\") located in the heart of the Golden Triangle, B.C. \"The agreement with Forty Pillars further demonstrates the Company's focus on advancing its property portfolio and in turn unlocking the maximum value of the properties for our shareholders,\" states Blake Morgan, president. Wishbone Property The 3,971 ha Wishbone property is located 40 km west of Highway 37 and the Bob Quinn airstrip. The Property consists of 10 claims and is contiguous to the eastern boundary of Teck/Newmont's Galore Creek copper-gold mineral development project which is one of the world's largest undeveloped copper-gold-silver deposits. Wishbone contains a series of gold and silver quartz-carbonate vein and breccia occurrences over the nearly 12 km length of the claims. Glacier retreat in recent years has exposed between 50 and 500 metres of unexplored area. Recent exploration in these areas has resulted in the discovery of a new gold and silver prospect area called the \"Rat\" which returned numerous high-grade gold and silver values from grab and float samples (Company news release dated November 9, 2020). Gold values ranged from 0.001 to 175.7 g/t in the 79 rock samples collected at the Rat prospect in 2020. The following table includes highlights that show how important the coarse gold fraction is particularly for veins hosted in the more brittle rocks. Table 1: Rat Prospect Highlighted Samples - Total Metallic Screened Gold Grades Sample ID Total Au g/t %Au in + %Au in - Target Type WMHR-007 175.7 13.5% 86.5% Boulder Train Float WMHR-019 36.3 70.0% 30.0% Qtz, Fe-carb Bx Grab WSM-006 44.4 47.2% 52.8% Boulder Train Float WSM-007 14.4 4.6% 95.4% Boulder Train Float WMHR-008 11.4 41.2% 58.8% Boulder Train Float *Grab samples are by nature selective and should not be relied upon. They are collected during prospecting and reconnaissance work to characterize geological material and determine if metals of interest are present prior to more comprehensive sampling and investigation. They ma...