Origen Strengthens Board of Directors and Confirms Target Extension at Los Sapitos
Origen Resources (CSE: ORGN) has announced two significant developments: a strategic board appointment and positive results from its Los Sapitos Lithium Project in Argentina. The company appointed Paul Chung as Director, bringing extensive experience in project management and international negotiations, notably from his roles with Luca Mining Corp and Patriot Battery Metals Inc.
At the 26,962-hectare Los Sapitos Project, recent sampling revealed expanded lithium exploration targets beyond the known salar. Clay samples yielded 7-654 ppm lithium in new target areas, with elevated lithium levels (50-66 ppm) found in southern zones. Additionally, Origen successfully renegotiated the property option terms, reducing the work commitment from $5 million USD to $1.5 million USD, with an extended deadline to December 2027.
Origen Resources (CSE: ORGN) ha annunciato due importanti novità: una nomina strategica nel consiglio di amministrazione e risultati positivi dal suo progetto di litio Los Sapitos in Argentina. L'azienda ha nominato Paul Chung come Direttore, portando con sé una vasta esperienza nella gestione di progetti e nelle negoziazioni internazionali, maturata soprattutto nei suoi ruoli presso Luca Mining Corp e Patriot Battery Metals Inc.
Nel progetto Los Sapitos, che copre 26.962 ettari, i campionamenti recenti hanno evidenziato un'espansione degli obiettivi di esplorazione del litio oltre il salar conosciuto. I campioni di argilla hanno mostrato concentrazioni di litio tra 7 e 654 ppm in nuove aree target, con livelli elevati di litio (50-66 ppm) riscontrati nelle zone meridionali. Inoltre, Origen ha rinegoziato con successo i termini dell'opzione sulla proprietà, riducendo l'impegno di lavoro da 5 milioni di dollari USA a 1,5 milioni di dollari USA, con una scadenza prorogata fino a dicembre 2027.
Origen Resources (CSE: ORGN) ha anunciado dos desarrollos importantes: un nombramiento estratégico en el consejo y resultados positivos de su Proyecto de Litio Los Sapitos en Argentina. La compañía nombró a Paul Chung como Director, aportando una amplia experiencia en gestión de proyectos y negociaciones internacionales, destacando sus roles en Luca Mining Corp y Patriot Battery Metals Inc.
En el proyecto Los Sapitos de 26,962 hectáreas, los muestreos recientes revelaron objetivos de exploración de litio ampliados más allá del salar conocido. Las muestras de arcilla arrojaron 7-654 ppm de litio en nuevas áreas objetivo, con niveles elevados de litio (50-66 ppm) encontrados en zonas del sur. Además, Origen renegoció con éxito los términos de la opción de la propiedad, reduciendo el compromiso de trabajo de 5 millones USD a 1.5 millones USD, con una fecha límite extendida hasta diciembre de 2027.
Origen Resources (CSE: ORGN)는 전략적 이사회 임명과 아르헨티나의 Los Sapitos 리튬 프로젝트에서 긍정적인 결과라는 두 가지 주요 소식을 발표했습니다. 회사는 프로젝트 관리와 국제 협상에서 풍부한 경험을 가진 Paul Chung을 이사로 임명했으며, 그는 Luca Mining Corp와 Patriot Battery Metals Inc에서의 역할로 잘 알려져 있습니다.
26,962헥타르 규모의 Los Sapitos 프로젝트에서는 최근 샘플링을 통해 알려진 소금호(salar) 외에도 리튬 탐사 대상이 확장된 것으로 나타났습니다. 점토 샘플에서 새로운 목표 지역에서 7-654 ppm 리튬이 검출되었으며, 남부 지역에서는 리튬 농도가 50-66 ppm로 높게 나타났습니다. 또한 Origen은 부동산 옵션 조건을 성공적으로 재협상하여 작업 의무를 5백만 달러에서 1.5백만 달러로 줄였고, 마감 기한도 2027년 12월까지 연장했습니다.
Origen Resources (CSE : ORGN) a annoncé deux développements majeurs : une nomination stratégique au conseil d'administration et des résultats positifs issus de son projet lithium Los Sapitos en Argentine. La société a nommé Paul Chung en tant que directeur, apportant une vaste expérience en gestion de projets et en négociations internationales, notamment grâce à ses fonctions chez Luca Mining Corp et Patriot Battery Metals Inc.
Sur le projet Los Sapitos de 26 962 hectares, des échantillonnages récents ont révélé des cibles d'exploration du lithium étendues au-delà du salar connu. Des échantillons d'argile ont donné des concentrations de 7 à 654 ppm de lithium dans de nouvelles zones cibles, avec des niveaux élevés de lithium (50-66 ppm) détectés dans les zones sud. De plus, Origen a réussi à renégocier les termes de l'option de propriété, réduisant l'engagement de travail de 5 millions USD à 1,5 million USD, avec une échéance prolongée jusqu'en décembre 2027.
Origen Resources (CSE: ORGN) hat zwei bedeutende Entwicklungen bekannt gegeben: eine strategische Ernennung im Vorstand und positive Ergebnisse aus seinem Los Sapitos Lithium-Projekt in Argentinien. Das Unternehmen ernannte Paul Chung zum Direktor, der umfangreiche Erfahrungen im Projektmanagement und in internationalen Verhandlungen mitbringt, insbesondere durch seine Tätigkeiten bei Luca Mining Corp und Patriot Battery Metals Inc.
Beim 26.962 Hektar großen Los Sapitos Projekt zeigten jüngste Probenahmen erweiterte Lithium-Explorationsziele über das bekannte Salar hinaus. Tonproben ergaben 7-654 ppm Lithium in neuen Zielgebieten, wobei in südlichen Zonen erhöhte Lithiumwerte (50-66 ppm) festgestellt wurden. Zudem verhandelte Origen erfolgreich die Optionsbedingungen für das Grundstück neu und reduzierte die Arbeitsverpflichtung von 5 Millionen USD auf 1,5 Millionen USD mit einer verlängerten Frist bis Dezember 2027.
- None.
- Additional capital requirement of $75,000 by December 2027 for property amendment
- New 1% NSR granted to vendor, requiring up to $375,000 to repurchase in year 5
Vancouver, British Columbia--(Newsfile Corp. - July 17, 2025) - Origen Resources Inc. (CSE: ORGN) (FSE: 4VXA) (the "Company") is pleased to announce the strengthening of its Board of Directors and provide an update on the recently completed sampling program at its
New Director Appointment
Origen is pleased to announce the appointment of Mr. Paul Chung as a Director. Mr. Chung is an accomplished executive with deep experience in project management, international negotiations, and guiding companies through public market transactions. Over the course of his career, he has served as a director for numerous companies, overseeing operations across South America with a focus on asset acquisitions, project development, strategic planning, and government relations. He has played a key role in aligning corporate objectives between parent companies and their subsidiaries, ensuring operational coherence and strategic focus.
As an official representative for several firms, Mr. Chung has successfully negotiated with high-level political and industrial stakeholders in Guyana, Chile, China, and Argentina, advancing company interests in complex international environments. Chung holds a Bachelor of Science in Geology from the University of British Columbia and an MBA in Information Technology from Athabasca University. He is a co-founder of Luca Mining Corp. (TSXV: LUCA), which owns and operates two poly-metallic mines in Mexico, including the Tahuehueto Mine, recognized as one of the top 10 highest gold-grade mines in the country. Previously, Mr. Chung was a director of Patriot Battery Metals Inc. (TSX: PMET) from its inception until 2022. That company holds
"We are very pleased to welcome Paul to the Board of Directors. His experience and unique skill set is a perfect fit for the Company and its business model of generating quality projects worldwide. I look forward to his input and guidance in building Origen into a top tier Generative Mineral Exploration Company," states Gary Schellenberg, CEO.
Los Sapitos
Results from the recent sampling program of both brines and clays has indicated that lithium exploration targets exist well beyond the known Los Sapitos Salar. Anomalous values of lithium in clays have been obtained in two new target areas that are located approximately 1 km from the lithium rich Los Sapitos Salar. Sampling from shallow hand dug pits returned between 7 and 654 ppm lithium* from clay samples located east of Los Sapitos in the Eastern Salar and are similar to values collected last year from the high-grade clay zone on the Los Sapitos Salar. Elevated lithium (between 50 and 66 ppm lithium) were also found in clay samples located to the south of the main thrust zone with follow-up work planned to include deep sampling in order to penetrate the thick overburden.
Figure 1: Map of Los Sapitos Outlining Notable Sample Results
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Amendment to the Los Sapitos Property Option Terms
Origen has successfully negotiated the reduction of the required work commitment due under the originally signed Option agreement, which was to be completed by December 15, 2026, from
In consideration for the amendment the Vendor will receive a payment of
Methodology
Sampling was conducted by staff experienced in lithium salar exploration and followed industry recognized best practices for early-stage exploration of this type of target. Samples were secured onsite and transported to the lab by Origen personnel.
*Sediment samples and brine samples were analysed at the Instituto de Investigaciones Mineras at the Universidad Nacional de San Juan. Sediment samples were subjected to a weak extraction with hot water which was then analysed by ICP-OES for Li, Na, K, Ca, Mg and B to determine the proportion of these elements that was easily extractable. The residual sediment was then leached by strong acid and analysed by ICP-OES for Li, Na, K, Ca, Mg and B to determine the proportion of these elements more strongly bound to minerals or part of the crystal structure of the minerals. Reported values are combined numbers from both the hot water and strong aced extraction. Brines were analysed for Na, K, Ca, Mg, B, Li by ICP-OES.
About Origen
Origen is fully focused on its
Thomas Hawkins, P.Geo., a director of the Company and a Qualified Person as that term is defined in NI 43-101 has prepared, supervised the preparation or approved the scientific and technical disclosure in the news release.
On behalf of Origen,
Gary Schellenberg
CEO and Director
For further information, please contact ir@origenresources.com.
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 Los Sapitos option amendment terms and future obligations thereunder 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/259095
FAQ
What are the key findings from Origen Resources' Los Sapitos Lithium Project sampling program?
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How has Origen modified its Los Sapitos property option agreement?
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How were the Los Sapitos lithium samples analyzed?
