Origen Resources Sells Wishbone to Forty Pillars Mining
488 – 625 Howe St.
Vancouver, BC
V6C 2T6, Canada
604-681-0221
www.origenresources.com
Origen Resources Sells Wishbone to Forty Pillars Mining
Vancouver, B.C. October 6, 2021. Origen Resources Inc. (the “Company” or “Origen”) (CSE: ORGN FSE:
4VXA) is pleased to announce that it has entered into a n assignment agreement with Forty Pillars
Mining Corp. (“Forty Pillars”) (CSE: PLLR), 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 furth er demonstrates the Company’s focus on advancing it s 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
488 – 625 Howe St.
Vancouver, BC
V6C2T6, Canada
604-681-0221
www.origenresources.com
– 2 –
*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 may not be
representative of metal grades on the Property. Float samples are similar to grab samples but were not
collected from bedrock and do not have a known source. The bedrock source of a float sample may not
be on the Property. Prospecting and other geological, geochemical and geophysical methods are used to
trace float samples back to their source. Float samples may not be representative of metal grades at
their bedrock source.
The project currently has 9 priority target areas highlighted on the location map below:
Figure 1: Wishbone Prospect Location Map
488 – 625 Howe St.
Vancouver, BC
V6C2T6, Canada
604-681-0221
www.origenresources.com
– 3 –
The property has recently had a high-resolution magnetometer and Skytem EM survey conducted with
the results of this survey pending.
These results will greatly aide in drill targeting once received. The prospective targets range from 1150
metres to 1750 metres in elevation with the lower targets amenable to an early and extended field
season.
John Harrop, P Geo ., a Q ualified 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.
Acquisition Terms
To purchase a 100 -per-cent interest in the 3,971 ha Wishbone proj ect, Forty Pillars will pay a total of
$3,000,000, consisting of $1,000,000 cash and $2,000,000 promissory note with a three year term
bearing interest at 5% per annum, payable monthly. Forty Pillars will also grant a 1-per-cent net smelter
return (NSR) to Origen. Half of the NSR (0.5 per cent) can be purchased prior to commercial production
for $1,000,000. Forty Pillars will also be obligated to make the remaining share issuances and cash
payments under the original property agreement, being 200,000 commo n shares and $50,000 cash by
May 29, 2022 and 200,000 common shares and $50,000 cash by May 29, 2023.
The transaction is subject to the acceptance of the CSE Exchange.
The transaction may be considered to be a non -arm's-length transaction, as Gary Schellen berg, an
officer and director of Origen, is also a director of Forty Pillars, whom has abstained from board voting in
relation to this transaction.
About Origen
Origen is an exploration company engaged in generating, acquiring and advancing base, precious m etal,
and lithium 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 the 26,771 ha LGM project and
an option to acquire a 100% interest in the 3 ,971 ha Wishbone property in the mineral ri ch Golden
Triangle of British Columbia, a 100% interest in the Middle Ridge gold project and a 100% interest in 15
lithium prospects in Newfoundland.
About Forty Pillars
Forty Pillars, based in Vancouver, B.C., is a mineral exploration company focused on exploring the Silver
Dollar project located in the Greenwood mining division, British Columbia.
488 – 625 Howe St.
Vancouver, BC
V6C2T6, Canada
604-681-0221
www.origenresources.com
– 4 –
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 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 t o 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.