- Origen Resources (ORGN) has mobilized crews at its prospective lithium bearing Los Sapitos Project
- The project is located in San Juan Province, Argentina
- The initial program will focus on obtaining representative samples of both brine and clay in the vicinity of the Los Sapitos salar
- It will also investigate the logistics of embarking on property-wide sampling, geophysical and remote sensing programs over the coming weeks
- Origen Resources is unchanged, trading at $0.26 at 12:44 p.m. ET
Origen Resources (ORGN) has mobilized crews at its prospective lithium-bearing Los Sapitos Project.
The project is located in San Juan Province, Argentina.
The initial program will focus on obtaining representative samples of both brine and clay in the vicinity of the Los Sapitos salar.
It will also investigate the logistics of embarking on property-wide sampling, geophysical and remote sensing programs over the coming weeks.
In addition to a sampling of brine, the Vancouver-based company’s field personnel will also sample and identify clays as some have been known to hold considerable amounts of lithium in similar geological environments.
Extraction technology to liberate lithium from clay has improved greatly over recent years and has provided explorers and producers with another avenue to target resources that were not viewed favourably 10 years ago.
“We are excited to get crews mobilized to this newly emerging lithium district in Argentina. The Los Sapitos project shows similar geological characteristics of lithium deposits in Argentina, Nevada and in Mexico. Origen is well capitalized to fund the program as the result of its successful early investments strategies,” said president Blake Morgan.
The belt’s tectonic setting, geothermal activity and observed brine chemistry are similar to that of the Lithium Triangle to the north and give rise to the potential for discovering structural traps for lithium-bearing aquifers at depth.
Origen Resources is unchanged, trading at $0.26 at 12:44 p.m. ET.
