Total
0
Shares
Featured Video Play Icon
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Origen Resources (ORGN) has been granted 21,000 hectares in a prospective lithium belt in Argentina
  • The company’s two claim packages on the belt now total over 47,000 hectares centered on known salars or dry salt lakes
  • The area shows signs of lithium prospectivity, including tectonic setting, geothermal activity and observed brine chemistry similar to the Lithium Triangle to the north
  • Origen is an exploration company engaged in generating, acquiring and advancing base metal, precious metal and lithium properties
  • Origen Resources (ORGN) closed up by 9.09 per cent trading at $0.36 per share

Origen Resources (ORGN) has been granted 21,000 hectares in a prospective lithium belt in Argentina.

The rights, granted by the province of La Rioja, extend from the Los Sapitos Salar in San Juan North into La Rioja.

The company’s two claim packages on the belt now total over 47,000 hectares centred on known salars or dry salt lakes.

The belt’s tectonic setting, geothermal activity and observed brine chemistry are similar to the Lithium Triangle to the north, giving them the potential for holding structural traps for lithium-bearing aquifers at depth. The area is also host to vast alluvial sand and clay deposits that have never been investigated for lithium content.

Very limited lithium exploration has occurred within the project area as a whole; therefore, the initial focus will be to conduct a regional geophysical gravity survey to determine controlling structures, basin shape and potential traps within the basins.

In addition, the team will conduct a systematic sampling of brines and lithium-rich clays. Ulexite (a boron evaporite mineral) has been identified throughout the belt, indicating that concentrated boron-bearing brines have been present, which is a sign of lithium prospectivity.

Blake Morgan, Origen’s President, stated,

“Controlling 47,000 ha in this newly identified lithium region is yet another game-changer for our shareholders. The Origen team looks forward to getting boots on the ground in the coming weeks to start unlocking the value we see in this asset.”

The company has also received its Newfoundland exploration permits and commenced fieldwork. It anticipates that the first sampling and prospecting phase of the program will take approximately six weeks.

Origen is an exploration company engaged in generating, acquiring and advancing base metal, precious metal and lithium properties.

Origen Resources (ORGN) closed up by 9.09 per cent trading at $0.36 per share.

More From The Market Herald

" Search Minerals (TSXV:SMY) announces $5M private placement

Search Minerals (SMY) is conducting a non-brokered private placement for gross proceeds of up to $5,000,000.

" DLP Resources (TSXV:DLP) updates proposed private placement

DLP Resources (DLP) intends to complete an offering of up to 2,000,000 FT units for gross proceeds of $500,000.

" Advance United Holdings (CSE:AUHI) launches the Advance United Marketplace

Advance United Holdings (AUHI) has introduced a platform for owners of mineral commodities to connect with developers and producers.

" Vision Lithium (TSXV:VLI) acquires lithium property in Quebec

Vision Lithium Inc. (VLI) has closed its acquisition of a 100 per cent undivided interest in 215 contiguous mining claims in Quebec.