Junior explorer Odin Metals (ASX: ODM) is about to recommence drilling at its flagship Koonenberry copper project in New South Wales with at least 5,000 metres of reverse circulation (RC) drilling targeted for completion before May.
The drilling program will comprise a minimum 2,000m of RC drilling, to be followed by diamond core drilling, then further RC drilling. It will initially target the Grasmere deposit, followed by Cymbric Vale and Wertago.
The company today said the drill rig and its technical team is due to arrive on-site in the first week of February.
RC drilling will start at Grasmere, where Odin plans to test for potential extensions of copper mineralisation around the existing mineral resource, which currently totals 5.75 million tonnes at 1.03% copper (indicated and inferred).
Recent drilling
Odin completed its maiden 2,800m drilling program at the Koonenberry project in December.
Drilling intersected shallow oxide copper in most holes at Cymbric Vale with a deeper hole completed to the north of the most southern hole encountering visual copper sulphide mineralisation over about 12m from 84m. Assays are still pending.
At Grasmere, drilling focused on priority targets that were identified along strike to the south-southeast of the deposit and under the southern end of the deposit. Further drilling is expected to confirm the resource and extend the known mineralised footprint.
Following the RC and diamond drilling program, Odin said it planned to undertake a sampling and pattern geochemical auger drilling campaign at Wertago to specifically drill newly identified anomalous electromagnetic trends that extend for over 10km, including two high priority targets located about 1,200m apart.
The underexplored Koonenberry Belt
Odin’s Koonenberry project covers 2,600sq km about 150km strike of the significantly underexplored Koonenberry Belt, located 80km east of Broken Hill in the far west of NSW.
The Koonenberry Belt is believed to be highly prospective for various mineralisation including volcanogenic massive sulphide (VMS) hosted copper-zinc-gold-silver deposits, magmatic nickel-copper-platinum group elements (PGE), epithermal silver-lead-copper and orogenic gold.
Get the wire before the market opens.
The ASX small-cap stories that matter, filed before 9am AEST. Curated by the Small Caps desk.