Origen Resources Provides Update on Property Portfolio and Strategic Direction
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
Origen Resources Provides Update on Property Portfolio and Strategic Direction
Vancouver, BC, April 3, 2024. Origen Resources Inc. (the “Company” or “Origen”) (CSE:ORGN; FSE:4VXA) is
pleased to provide a strategy update in regards to its portfolio of lithium, gold and copper properties located in
Argentina, Newfoundland and British Columbia.
Given current market conditions management believes that Origen’s assets are significantly undervalued and
is actively exploring options that will maximise shareholder value. “The company is actively seeking to monetize
its significant project portfolio and are assessing a variety of options . Management and insiders continue to
support the company and fully believe in the value of the asset portfolio,” states Gary Schellenberg, CEO.
The following is a summary of the Company’s asset portfolio:
WISHBONE
• A 100% owned high grade gold and silver project located in the centre of the G olden Triangle in
northwestern BC.
• Gold soil samples of up to 8.5g/t gold with the underlying source currently unknown.
• Rock grab samples1 of greater than 100 g/t gold coming from both sides of a rapidly receding glacier.
• 9 km of gold and silver rich surface samples.
Figure 1
Map showing the location of Origen’s Wishbone and LGM Properties
The Wishbone property is a contiguous 3941 ha property, located along the main access road to the
Teck/Newmont Galore Creek copper deposit 2 in the centre of the prolific Golden Triangle in north western
British Columbia. Wishbone has 11 target areas covering significant high-grade gold-silver quartz-carbonate as
WISHBONE
High grade
gold target
LGM
Proposed Galore Creek Mine Access Road
well as volcanogenic massive sulphide-style mineralization. Boulders have been found at the base of a rapidly
retreating central glacier including one grab sample 1 that returned 203 ppm gold as well as 6700 ppm silver.
Origen will be using additional geophysics and mapping to pinpoint a likely hard rock source of these high-grade
boulders.
Figure 2
Photograph taken 18 August 2023 showing the dramatic retreat of glaciers since the area was mapped - Large
area newly exposed. Ice has receded 1.2 km up the valley from 1990 levels
New results from boulders found along the southern edge of the central glacier have returned 203 ppm gold in
an area that was previously identified as being a primary silver rich zone. Separate samples collected from
boulders from this area contained up to 109 ppm silver and 1.2% copper. This sample is compared to the 175.5
ppm gold sample collected from a glacial boulder on the northern edge of the same glacier in 2021. All nine
drill holes completed in 1987 on the north of the Property intersected gold in a series of veins with one interval
returning 7.7 metres of 3.2 ppm gold . Subsequent soil sam pling revealed an area to the south of the 1987
drilling area with very high values of gold in soil – to date this southern anomaly has not been drill tested.
LOS SAPITOS
• A 33,000 hectare lithium brine property located on the extension of the lithium belt in Argentina.
• Surface samples returned lithium bearing brines.
• Geophysics is indicative of a deep brine filled basin with similarities to a Clayton Valley style model.
• Ready for the first drill holes.
Origen previously recognized that the geology of the mining-friendly northern San Juan Province was similar to
that of the lithium belts in the north of the country. Guided by this exploration model , Origen was able to
acquire a district -sized 33,162 hectare contiguous land package around a mostly -buried salar. Preliminary
exploration in 2021 was met with immediate success returning surprisingly high grades of lithium in brines at
surface in the main salar area of Los Sapitos, with one sample returning 391 mc/l.
Sampling results from 2023 showed that significant lithium is found both in clays and in evaporite mineralization
on the eastern margin of the basin with results of up to 824 mg/L found in samples collected to date. 2023
Vertical Electrical Sounding (VES) in the main salar has shown that a conductive layer up to 482 metres deep is
found beneath a thin layer of travertine. The levels of conductivity recorded by VES on the property are
consistent with those from a brine-hosting aquifer.
Figure 3
Cross section showing the results (resistivity), and interpretation of the data collected from the Vertical
Electrical Sounding survey at Los Sapitos in 2023.
NEWFOUNDLAND LITHIUM
• District scale land package staked along the trend from the Avalonia project in Ireland to the Kings
Mountain mine in the Carolinas.
• Numerous fertile pegmatites previously unexplored for spodumene.
• Located on trend with the Kraken spodumene pegmatite discovered in 2022.
• The most recent Fraser Institute survey ranked Newfoundland 4 th overall from a list of global mining
jurisdictions.
The Newfoundland Lithium Project consists of 12 blocks along the pegmatite belt of Newfoundland, also the
target of Piedmont Lithium’s recent initial 19.9% investment into Vinland Lithium and their Killick Lithium
project2. The 12 Origen claim blocks were acquired by staking, with 20 prospective targets covering geological
characteristics similar to lithium pegmatite belts found in Ireland, Nova Scotia, and North Carolina, home to
North America’s longest producing lithium mine. The area was originally explored by the Newfoundland
government in the 1960’s who discovered numerous showings of Beryl.
L
GM:
• A district scale copper, molybdenum, gold porphyry target in the heart of the G olden Triangle in
northwestern BC.
• Located along the planned Galore Creek access road.
• Talus, rock and soil geochemistry surveys have delineated Cu-Mo and Au targets, similar in tenor and
size to those that first targeted the Galore Creek area.
The LGM property is a contiguous 26,771 ha property, located along the main access road to the Teck/Newmont
Galore Creek copper deposit 2. The LGM property was acquired by Origen in the Spring of 2020 and the
Company’s field programs have re-established historical areas of mineralization, with a particular focus on areas
where recent glacial retreat has exposed new prospective zones. ASTER Alteration signatures show a broad
zone of Q -S-P and Clay alteration, characteristic of other major deposits in the area. An Airborne
VTEM/Magnetics survey in 2021 highlighted large conductors at depth and cross -cutting structures . Scout
drilling of 5 holes in 2022 noted distinct megacrystic po rphyry and pseudoleucite, characteristic of one of the
main mineralizing phases at Galore Creek.
Historical work has mainly focused on the Lucifer and Grizzly occurrences. Chip sampling on the Grizzly showing
from a trench completed by Rimfire minerals in 2006 returned 1.1 ppm gold and 0.74% copper over 38 metres.
Subsequent drilling in 2008 returned 0.15 ppm gold over 38.63 metres, and 0.19 ppm gold and 0.11% copper
over 53.73 metres.
BONANZA
• 100% interest in 802 hectares encompassing historic underground workings located 20km north of
Grand Forks, BC in the historic Knight’s mining camp2.
• Year round road access.
• Cu-Zn-Pb-Ag Skarn, Ag-Pb-Zn fault breccia, and Au-Ag Epithermal targets.
• 2019 soil sampling delineated a Cu-Ag-Pb-Zn anomaly measuring 1 km x 150 metres.
Origen completed a surface exploration program in the fall of 2019, comprising reconnaissance of the historic
mine workings and the collection of 1,074 soil samples and 54 rock grab samples 1. The geochemical soil
sampling program delineated a greater-than-one-kilometre-long-by-150-metre-wide coherent Cu-Ag-Pb-Zn soil
anomaly that follows a significant topographic feature identified through aerial drone orthophotography and is
open to the north along this same feature. Most historic workings are within or adjacent to this multielement
soil anomaly.
BROKEN HANDLE
• Numerous historical showings located 3km south of the historic Franklin gold deposit2.
• Soil sampling completed in 2023 delineated two , 200 x 400 metre Au-Ag-Cu-Pb-Zn anomalies, one
surrounding the historical Morell Camp mine 2; the second , located 400m to the north , has not been
explained by surface mapping.
• Ground magnetic data collected in 2023 revealed east-west trending lineaments that correspond with
structures exploited by the historical workings at Morell Camp 2. Similar lineaments underlie a second
unexplained soil anomaly discovered during the work.
The Broken Handle property is currently under option to Hawthorn Resources, where Hawthorn can earn a 75%
interest in the Broken Handle property by paying Origen a total of $250,000 (CAD), issuing 1 million shares and
incurring work expenditures of $500,000 CAD over a three-year period.
ARLINGTON
• Significant coincident Au-Cu-As + pathfinders soil anomaly discovered spanning 0.6 x 1.2 km in area
with no previously recorded mineralization; Gold values in soil up to 2.26 g/t.
• Anomaly lies immediately upslope on both banks from historical China Creek placer gold camp2.
• Rock samples taken from fringe of anomaly grade > 1 g/t Au.
• Additional Cu-Mo-Ag anomaly in soils and rocks discovered further north within intensely argillic
altered and complex lithological environment.
Origen may seek the assistance of a financial institution as it continues to pursue partnership opportunities and
asset sales to unlock Company value.
1Grab samples are by definition selective. Grab samples are solely designed to show the presence or absence of
mineralization, and are not intended to provide nor should be construed as a representative indication of grade or
mineralization at the Project.
2 Referenced nearby historic resources, deposits and mines provide geologic context for the Project, but are not
necessarily indicative that the Project hosts similar potential, size or grades of mineralization.
Thomas Hawkins , P.Geo. (#39892), 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.
On behalf of Origen,
Thomas Hawkins
Managing Director
For further information, please contact Gary Schellenberg, Chief Executive Officer, at 604-681-0221.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the
policies 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 availability, 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 obligation to publicly
update or revise forward- looking information, whether as a result of new information, future events or
otherwise.