Origen Discovers Two Highly Mineralized Zones Within a Newly Identified District-Scale Target at the LGM Property
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
Origen Discovers Two Highly Mineralized Zones Within a
Newly Identified District-Scale Target at the LGM Property
Vancouver, BC, March 3, 2021. Origen Resources Inc. (the “Company” or “Origen”) (CSE:ORGN; FSE:4VX) is
pleased to announce that it has now received results from its 2020 Phase 2 field program at the LGM property
located in the heart of the Golden Triangle in northwestern B.C.
Key Highlights
• Two prominent new anomalies discovered , the Hidden Zone and Long Ridge prospects, northeast of
Lucifer.
• The Hidden Zone Anomaly is a broad gold and silver anomaly in talus fines believed to be close to source
and open to the northeast and to the southwest.
• The Long Ridge prospect is defined by a 600 metre long copper-molybdenum-rhenium anomaly in talus
fines.
• The district-scale Lulu Porphyry Target Area now stretches over 4 km to the northeast from Lucifer,
encompasses multiple high -priority prospects, and may be indicative of a more substantial and
extensive mineralizing system than previously thought.
• The pronounced rhenium signature is especially significant due to its inherent potential value and as a
diagnostic geochemical fingerprint of major copper-molybdenum-gold porphyry systems.
“The size of the Lulu porphyry anomaly combined with the distinct zonation of gold peripheral to it, as seen in
other known deposits in the area, demonstrates the potential for Origen to make a significant discovery on the
LGM property,” states Blake Morgan, President.
The 2020 Phase 2 exploration program at the LGM involved the collection of 234 talus fines samples along seven
widely spaced reconnaissance lines over a two square kilometer area. The sampling program was focused
within the large ASTER identified sericite-illite alteration zone, centred northeast of the Lucifer Au-Cu zone, that
contains historical and newly discovered prospects that make up the Lulu Au-Cu-Mo porphyry target (see
Company news releases dated August 5, 2020 and September 2, 2020). The program succeeded in its goal of
confirming and extending historical Noranda copper and molybdenum soil anomalies.
The observable area of the ASTER identified alteration zone covers an extensive 2 km x 3 km area and remains
open to the northeast, where it is covered by snowpack, and to the north west and southwest, where it is
obscured by vegetation cover. Sampling conducted by Noranda in the target area during the 1990’s identified
anomalous copper, molybdenum and gold in soil samples ; sampling conducted during the 2020 Phase 2 field
work discovered two new prominent mineralized occurrences, the Au-Ag Hidden Zone and the Cu-Mo-Ag-Re
Long Ridge Zone. These two newly discovered areas significantly expands the Lulu Porphyry Target and firmly
supports the district-scale potential of this area.
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
– 2 –
Figure 1: Map of Lulu Porphyry Target Area
Hidden Zone Au-Ag Prospect
The Hidden Z one is a gold and silver geochemical anomaly located in the northeastern Lulu Porphyry Target
Area. Consistently elevated gold and silver results were obtained on two adjacent reconnaissance sampling
lines, with two samples returning grades in soil of 1.8 g/t Au with 4.2 g/t Ag and 1.7 g/t Au with 5.3 g/t Ag. The
anomaly is believed to be located close to the source as both sample lines were collected along ridges, with the
northern most line paralleling the edge of a receding glacier limiting the distance and direction of mechanical
mineral transport. The anomaly remains open in two directions, to the southwest and to the northeast under
snow cover, and currently covers an area of 400 metres by 200 metres.
Gold results ranged from <0.001 to 1.8 g/t gold and silver values from 0.11 to 5.3 g/t at the Hidden Zone.
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
– 3 –
Long Ridge Cu-Mo-Ag-Re Prospect
A 600 m etre long copper-molybdenum-rhenium anomaly, defined by 25 consecutive highly -anomalous talus
fines samples, was discovered 750 metres to the west of the historical Noranda sampling and is situated in the
northwest of the Lulu Porphyry Target Area. This newly discovered anomalous extension to the historical work
returned values of 101.5 ppm to 293.1 ppm copper, 19.2 ppm to 114.6 ppm molybdenum and <0.005 to 0.127
Rhenium.
Lulu Porphyry Target Area
The newly defined Lulu copper-molybdenum-rhenium porphyry target area encompasses the Lucifer, Nulu,
Hidden Zone, and Long Ridge mineralized zones, and now stretches over a 3 x 5 km area exhibiting geochemical
similarities to other large nearby porphyry deposits. The results from the 2020 Phase 2 reconnaissance field
work has increased the prospective corridor of this target area significantly from the historical coverage, has
revealed two new highly mineralized and prospective zones, and may be indicative of a more substantial and
extensive mineralizing system than previously considered. The Lulu Porphyry Target Area will be a priority for
the 2021 field season.
Rhenium Mineralization Significance
Rhenium anomalies were not recognized in the Lulu Porphyry Target Area until this sampling program and
provide valuable insight as to the Lulu Porphyry Target Area’s potential. Rhenium is one of the rarest elements
on the planet and is used in high temperature superalloys and catalysts and its isotopes are used in cancer
treatments. Rhenium is usually recovered as a by -product from the molybdenum mineral molybdenite , with
the majority being recovered from rhenium -rich, copper-molybdenum-gold porphyry systems. The presence
of rhenium is highly significant as anomalies are closely correlated with molybdenite in rhenium-enriched zones
of copper -molybdenum-gold porphyry systems, making it a diagnostic geochemical fingerprint of these
systems.
Quality Assurance, Quality Control and Laboratory Methods
Origen fieldwork followed industry standard practices for the collection of talus fines and immature soils during
the 2020 Phase 2 program. No field duplicate samples of talus fines/soils were collected and no standards or
blanks were inserted since this is not considered necessary or best practice for this sample media.
MSALABS of Langley and Terrace, British Columbia, Canada is a certified analytical laboratory (ISO 9001 and ISO
17025) with experience in the chemical analysis of geological materials. MSA LABS is independent of the
Company as defined by NI 43-101. Samples were delivered to the laboratory by an employee of Coast Mountain
Geological Ltd., who were contracted to implement the field program for the Company.
Talus fines and soil samples were processed by drying, screening to <80 mesh (MSA code P RP-757, PSC-110),
digestion of a 20 g cut by Aqua Regia and finishing by 39 element ICP -AES/MS (MSA code IMS-128). Samples
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
– 4 –
with >0.5 ppm gold were reanalysed if sufficient sample remained using a 30 g cut for digestion by fire assay
flux followed by an AA finish (MSA code FAS-211).
John Harrop, P Geo., a Qualified Person as that term is defined in NI 43 -101 has prepared, supervised the
preparation or approved the scientific and technical disclosure in the news release.
About Origen
Origen is an exploration company engaged in generating, acquiring and advancing base and precious metal
properties. The Company currently holds a property portfolio of four 100% owned precious and base metal
projects in southern British Columbia, a 100% interest in th e 26,771 ha LGM project , an option to acquire a
100% interest in the 3,971 ha Wishbone property in the mineral -rich Golden Triangle of British Columbia, and
a 100% interest in the Middle Ridge gold project in Newfoundland.
On behalf of Origen,
Blake Morgan
President
For further information, please contact Blake Morgan, President at 236-878-4938 or Gary Schellenberg, CEO at
604-681-0221.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the polici es of
the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Certain of the statements made and information contained herein may constitute “forward-looking information.” In particular references
to the private placement and future work programs or expectations on the quality or results of such work programs are subject to risks
associated with operations on the property, exploration activity generally, equipment limitations and availabi lity, as well as other risks
that we may not be currently aware of. Accordingly, readers are advised not to place undue reliance on forward- looking information.
Except as required under applicable securities legislation, the Company undertakes no obligatio n to publicly update or revise forward -
looking information, whether as a result of new information, future events or otherwise.