Origen completes Broken Handle exploration program

Executive Summary

• Origen Resources Inc. has completed an exploration program on its Broken Handle high-grade gold-silver project in Southern British Columbia, utilizing lidar surveys to identify and ground-truth historical mining workings.
• The program resulted in the discovery of 38 previously unknown historical adits, shafts, trenches, and blast pits, with one significant adit featuring timber supports and ore cart rails but lacking historical documentation.
• Rock grab samples from newly discovered and rediscovered workings (including the Morrell, Alco, and Zap showings) returned high-grade gold and silver intercepts, reinforcing the project's potential similar to the nearby Franklin gold mining camp.

Key Details

• Lidar Survey Results: A property-wide lidar survey identified over 50 areas of potential historical mining workings; ground crews confirmed the majority as blast pits, trenches, shafts, and adits.
• New Discoveries: Field truthing led to the discovery of 38 previously unknown historical features. One notable adit on the northern portion of the property was extensive, featuring timber supports and rails, indicating significant historical work with no existing documentation.
• Sampling Results (Grab Samples):
  • Morrell Camp: A 2019 rock grab sample from a shaft waste pile assayed 0.53 g/t Au, 363 g/t Ag, and 0.616% Cu. This area has not seen exploration since the late 1920s and is considered a priority target.
  • CPR Showing: Located 750m northeast of Morrell, a grab sample assayed 0.50 g/t Au, 315 g/t Ag, and 1.58% Cu, interpreted as a strike extension of the Morrell workings.
  • Alco 6 Showing: Rediscovered in 2019 (originally found in 2002 but not in Minfile); two grab samples assayed 7.17 g/t Au and 1.06 g/t Au.
  • Zap Showing: Discovered in the 1990s; a 2019 grab sample returned 23 g/t Au with 973 g/t Ag.
• Mineralization Characteristics: Samples showed trace to massive sulphides including pyrite, chalcopyrite, galena, and sphalerite. Two distinct styles are evident: polymetallic epithermal veins (Ag-Pb-Zn-Cu±Au) related to the Granby fault, and Cu-Pb-Zn-Ag-Au skarns associated with limestone/marble lenses.
• Project Context: The 2,098-hectare project is located 3 km south of the Franklin gold mining camp, which produced over 1,392,000 oz Ag and 55,500 oz Au over 76 years.
• Ownership Status: Origen holds a 100% interest following the withdrawal of Prince Silver Corp. (formerly Hawthorn Resources) from its option agreement to acquire a 75% interest. The company is seeking a new partner to advance the project.
• Qualified Person: Patrick McLaughlin, PGeo, supervised and verified the technical data for the 2019, 2023, and 2025 exploration programs.

Notable Quotes

• "The most significant achievement was discovering the Morrell camp, a series of mineralized historical workings that have not seen exploration work since the late 1920s."
• "Origen considers the Morell camp to be the priority target on the Broken Handle property as it believes the source of the high-grade gold mineralization referenced in the historical literature has yet to be identified."