Origen Provides Corporate Update
Vancouver, September 5, 2023 - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company" or "Origen") is pleased to provide a corporate update on its lithium-focused portfolio of projects and investments.
Trading
The Company reports there is no material information responsible for the large block of selling last week. Origen continues its outreach to current and prospective investors, and notes its recently announced normal-course issuer bid.
"It was an unfortunate trading anomaly that resulted in a significant devaluation of our shares. I can assure shareholders that our assets remain intact and as valuable today as they were two weeks ago when our share price was trading at over $0.20. Management is committed to rebuilding shareholder value over the coming weeks," states Gary Schellenberg, CEO.
Los Sapitos Lithium Project, Argentina
Origen is currently receiving and modelling data from the recent geophysical program at Los Sapitos, and waiting for a second batch of sampling results focused on the clay-prospective areas of Los Sapitos. The Company is also waiting on sampling results from the proposed Los Toritos acquisition, to the south and west of the main Los Sapitos claims, which now cover a total of 344 square kilometres over several prospective basins in northern San Juan Province. Origen continues to work closely with Gabriel Pindar, one of the Company's Technical Advisory Board members, to advance this project.
Newfoundland Lithium Project, Canada
Origen continues to assemble historical data on the Newfoundland Lithium Project, which covers 33,000 hectares along a lithium prospective corridor that stretches the province. This corridor is related to the same geological event that created spodumene bearing pegmatites from Ireland to North Carolina.
LGM/Wishbone, Golden Triangle, Canada
The Company has just completed a site visit and sampling program at Wishbone, identifying newly-exposed areas hosting massive sulphides. Origen continues to solicit offers to purchase this group of copper and gold targets in the middle of the Golden Triangle in northwestern BC.
About Origen
Origen is fully focused on its 100% interest in the Los Sapitos Lithium project in Argentina and its 100% interest in the 33,000 ha Newfoundland Lithium projects, and also 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 a 100% interest in the 3,971 ha Wishbone project, both in the mineral-rich Golden Triangle of British Columbia,
On behalf of Origen,
Thomas Hawkins
Managing Director
For further information, please contact Gary Schellenberg, Chief Executive Officer, 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 to 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/179540
