Odin Metals (ASX: ODM) has intersected ‘high-grade’ copper from maiden drilling completed on two targets at the Cymbric Vale prospect areas within its Koonenberry Copper Project in New South Wales.
Standout results from the program include:
- Hole CV0006: 11m @ 1.90% Cu from 35m; including
- 6m @ 3.20% Cu from 37m
- Hole CV0004: 7m @ 1.08% Cu from 48m
- Hole CV0002: 10m @ 0.88% Cu from 11m
- Hole CV0008: 13m @ 0.77% Cu from 13m
- Hole CV0003: 8m @ 0.76% Cu from 15m
The company noted that the drill results support the existence of larger, higher-grade primary copper mineralisation at the prospect when compared to results reported from two historic holes, with mineralisation remaining open in all directions and at depth.
The 5,000m program commenced in December 2021, with 12 scout holes for a total of 960m completed at Cymbric Vale.
Drilling targeted ‘significant’ copper mineralisation intersected in two shallow historic RC exploration holes drilled 600m apart, along with a large circular HeliTEM anomaly located to the south known as “Big Mother”.
the program was successful in intersecting ‘significant’ mineralisation in the majority of holes
Odin Metals said that the program was successful in intersecting ‘significant’ mineralisation in the majority of holes, with a deeper hole completed to the north of the most-southern hole intersecting visual copper sulphide mineralisation.
The Koonenberry Project is an emerging, district-scale copper and base metals exploration package covering 2,600km² of land holding, with around 150km of strike along the ‘significantly under-explored’ Koonenberry Belt east of Broken Hill.
The belt is considered to be ‘highly prospective’ for a number of styles of mineralisation including VMS-hosted Cu–Zn–Au–Ag deposits, magmatic Ni-Cu-PGE, epithermal Ag-Pb-Cu, and orogenic Au.
Map displaying HeliTEM EM targets at the Koonenberry Coper Project. Image: Odin Metals LimitedLooking forward, Odin said that further RC drilling is scheduled to commence at Koonenberry on the 11th of February, initially at the Grasmere Deposit. This will be followed by further drilling at Cymbric Vale. Drilling will continue along strike to the north-east, and will test the EM target which is in close proximity to the new drilling.
The company aims to complete 5,000m of RC drilling before May, and will also commence diamond drilling at Grasmere, followed by Cymbric Vale and Wertago.
