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Be the first with the news that moves the market- Origen Resources (ORGN) has outlined its fieldwork plans at the newly acquired Wishbone project in British Columbia
- Origen picked up Wishbone and the neighbouring LGM property last month in a deal where Origen issued 5 million shares to the vendor in exchange for the properties
- Origen will begin a soil and rock chip sampling program, to confirm some of the historic data it has for the Wishbone property
- Previously Teck resources conducted mapping, soil sampling, geochemical and trenching work on the property
- Origen Resources (ORGN) is up 17 per cent and is trading at C$0.23 per share
Origen Resources (ORGN) has outlined its fieldwork plans at the newly acquired Wishbone project in British Columbia.
The Vancouver-based junior explored will kick-off the work program in mid-July, in an attempt to confirm some historic high-grade geochemical results from the property.
The company will begin a soil and rock chip sampling, defining targets for a larger exploration program in the future.
Origen only acquired the Wishbone project last month, issuing the vendor five million shares.
Origen descries Wishbone as an under-explored property with a number of gold veins, gold stock work and copper-gold prospects.
The property is made up of 10 gold claims totalling 3,832 hectares of exploration lease. The property sits about 12 kilometres west of the company’s neighbouring LGM property.
Wishbone was originally staked by Teck Exploration in 1980 and was explored by Teck until 1988.
Teck conducted a number of mapping, soil sampling and trenching work on the property, and that work identified nine mineralised zones over a trend that runs around 10 kilometres in length across the property.
President of Origen Resources, Blake Morgan said acquiring a property of Wishbone’s pedigree in a highly productive region was a significant success for the company.
“The parallels that we see across the multiple targets at Wishbone relative to the more advanced projects in the district highlights the scale and large potential of the Wishbone Property,” he said.
Origen Resources (ORGN) is up 17 per cent and is trading at C$0.23 per share at 10:50 am EDT.
