Origin Exploration, through its wholly owned Liberian subsidiary (Origin Exploration Ltd., Liberia) currently hold two gold exploration licences totalling 336km2 over prospective Archean greenstone geology.
The ‘Moores’ licence is located within the Todi Shear Zone in Grand Bassa county. The licence benefits from being bounded by two asphalt roads and close proximity to the Capital City, Monrovia. The area has been extensively farmed and benefits from easier access than typical mining licences in the country which are dominated by thick, primary rainforest.
Geologically the Moores licences is dominated by Leucocratic gneiss and amphibolites. The lithologies consist of mostly lower amphibolite and granulite facies of metamorphism and are prospective for gold and iron ore.
In addition to well noted alluvial deposits of gold and diamonds on the permit, our neighbours Liberty Minerals intercepted anomalous gold in diamond drill holes including:
- 5.9m at 7.19 g/t including 0.9m @ 35.85 g/t Au
- 8.4m @ 4.6 g/t including 4.6m @ 6.65 g/t Au
- 1m @ 21.85 g/t gold; and 0.7m @ 58.53 g/t Au
The Todi Shear zone, whilst hosting the potential for multi-million ounce gold deposits, in fact being just to the south west of Avesoro’s New Liberty mine (1.748 Moz @ 2.7g/t), has been chronically underexplored and the company hopes to capitalize on its experience in shear hosted gold exploration to discover the first economic deposit on the main shear zone.
The second licence held in Liberia is the ‘Behwan’ licence. Located in the south east of the country near to the border with Cote d’Ivoire, the licence benefits from flat terrain and easy access.
Geologically the licence lies on granitic gneisses and mica shists along a significant south west north east structural corridor. To the north of the licence there appears to be significant splays from the main regional feature which correlates with considerable artisanal mining. Hummingbird Resources (AIM:HUM) previously explored the north eastern portion of the licence and reported anomalous gold in stream sediment sampling.