Origen has entered into an option to acquire a 100% interest in the 7,875 ha Middle Ridge Property located in the prolific Exploits subzone gold belt in Newfoundland, home to New Found Gold Corp.’s Keats Zone gold discovery at the Queensway project.
Much of the historical work by Noranda in the 1970s focussed on base metal (volcanogenic massive sulphide) targets. Two Noranda drill holes were collared on the Property and contained a number of sulphide rich quartz veins that were never assayed. Returning to historically active areas to capitalize on the benefits of new technology, updated deposit models and fresh ideas is a proven strategy used by Origen’s exploration team.
Origen is planning on completing an airborne VTEM survey in early 2021 over the entire claim block to aid in target generation and provide a better geological understanding.