Announcement Date: 2022-02-08
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Odin Metals Ltd.
Project name: Koonenberry
Location: Australia
Commodities: Copper
Highlight: Drilling results incl. 11m @ 1.9% Cu from 35m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Odin’s completed ~2,800m out of a planned 5,000m drilling programme in December 2021 at its flagship Koonenberry Project, with 12 holes (CV0001-12) for 960m being completed on the Cymbric Vale Prospect. Drilling at Cymbric Vale targeted significant copper mineralisation intersected in two shallow (ODM plans to extend the scout programme completed at Cymbric Vale in upcoming drilling, focussing on Sulphide copper mineralisation and extending drill coverage to the north of the recent drilling where a recent HeliTEM survey identified potential sulphide mineralisation. Drilling completed at Big Mother (CV0011-12), intersected intensive shallow magnetite alteration associated with a mafic gabbro intrusive system. ODM now plans to model the recent HeliTEM data to assess the alteration system and its potential to host an Iron Oxide Copper-Gold (IOCG) deposit and to aid targeting of future drilling.
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