• CSE:CRES

Origen Resources Inc.

Company: Origen Resources Inc..
Location: British Columbia
Symbol: ORGN
Website: https://origenresources.com/

Investment Highlights

  • Origen Resources has acquired a dominant land package in the renowned Golden Triangle region of British Columbia
  • The Company is engaged in on-going project generation with other explorers and has amassed a strategic portfolio of assets in the Golden Triangle and Southern British Columbi
    • LGM Property – 100% Interest in 26,771 ha bordering Evergold’s Snoball Project.  Recent glacial retreat on the project has exposed gossans that represent prospective areas for exploration
    • Wishbone Property – option to earn a 100% interest in 3,971 ha project bordering Teck/Newmont’s Galore Creek.  Wishbone zone was the primary target of Teck’s exploration efforts from 1981 to 1988
  • Origen Resources’ projects in Southern BC include Arlington, Broken Handle, Bonanza Mountain and Silver Dollar. All have historically mined high-grade precious metals projects

LGM Property

The LGM project is comprised of 42 contiguous mineral tenures totalling 26,771 ha.  Highway 37 is approximately 2.5 km east of the eastern edge of the property, and the Galore Creek access road runs along and through the southern boundary.

A combination of Cu-Au porphyry and gold vein exploration targets have been identified on the property and have had limited exploration since the 1970’s resulting in the discovery of many prospective targets that show mineralogical and geological similarity to important nearby deposits and discoveries.  The Red Zone, Lucifer and Grizzly targets are considered by Origen’s team to be the Company’s priority for this season.

Red Zone

During due diligence work by Origen, a highly prospective zone was identified that bears geological and structural similarities to mineralization on Evergold Corp.’s neighbouring Snoball Property immediately to the west.  Recent satellite imagery shows glacial retreat and distinct newly uncovered gossans located within Hazelton Group rocks and along the Northmore Fault on the LGM property that have not seen any recorded exploration work.  The control of mineralization on the adjacent Snoball property is the NW/SE trending Northmore Fault, which locally defines the contact between the Triassic Stuhini Group and the Jurassic Hazelton Group. In addition to defining a geological contact, the Northmore Fault also represents a portion of the B.C. Geological Survey’s “Red Line,” interpreted to be a prospectivity indicator in the Golden Triangle.  The “Red Line” occurs at the discontinuity between Triassic Stuhini Group and Jurassic Hazelton Group. On the LGM property part of this is represented the Northmore Fault, which connects the Snoball showing to the ‘Red Zone’ of the LGM property.  Due to the geological significance of the Northmore Fault and the presence of exposed gossans along the Stuhini/Hazelton contact, Origen considers this area to be a priority exploration target for the upcoming 2020 field season.

Lucifer

The Lucifer showing consists of a 300 m x 300 m gold-in-soil anomaly discovered by Noranda in 1991.   The showing is on the SW nose of a long NE-trending ridge that displays silica-sericite-carbonate-pyrite alteration over an area of 2.5 km x 1 km and only saw minimal field exploration by Noranda.  Early Jurassic Texas Suite intrusive rocks, thought to be the engine driving mineralization at the Kerr, Bronson Slope, Snip, Brucejack and other nearby deposits, are present as NE trending dykes within this alteration zone.

Subsequent exploration has confirmed the gold-in-soil anomaly, conducted geochemical and geophysical programs on the surrounding area and culminated in a maiden drill program during 2018 that returned anomalous gold intercepts from two of the three shallow holes completed.  The drill program was limited in scope and it is the opinion of the Origen team that the source of the gold anomaly has yet to be identified.

Grizzly

Exploration has occurred sporadically at the Grizzly zone since 1970, with the latest work program carried out in 2008.  The Grizzly prospect is a Cu-Au porphyry target defined by a 1200 m x 500 m Cu-Au soil anomaly.  As part of the 2008 work program, the first ever drilling at the Grizzly prospect took place with results returning grades that were not consistent with grades seen on surface, but still produced wider intervals of lower grade gold and copper mineralization.  Initial data review and interpretation by Origen’s geological team targets the source of the soil anomaly further upslope from the area of 2008 drilling.

Nicholas Rodway, P.Geo., an Officer of the Company serves as a Technical Advisor and is the Qualified Person, as defined by National Instrument 43-101, responsible for reviewing and approving the technical content of all materials publicly disclosed by Crest, including the contents of this website.