Odin Metals (ASX:ODM) Sees Higher Grades Along Grasmere Trend – The Market Herald

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  • Odin Metals (ODM) Achieves Further High-Quality Copper Results from Grasmere Trend
  • Earlier this year, Odin drilled 12 holes on the Grasmere Trend in New South Wales as part of its plan to upgrade the historic MRE of 5.75 million tonnes at 1.03% copper.
  • The results showed grades of up to 3.85% copper and 0.85% zinc and confirmed the presence of high-grade copper zones within the existing resource area.
  • The mineralized system also remains open in several directions and further drilling and field activities are planned.
  • Shares of Odin Metals ended the day at 1.7 cents

Odin Metals (ODM) announced further high grade copper results from the Grasmere trend.

Grasmere is one of multiple copper mineralized trends at the company’s flagship Koonenberry project in New South Wales.

The company completed 11 reverse circulation (RC) holes and re-entered an existing drill hole (GS0007) in February.

This drilling was part of a larger program to target an expanded Mineral Resource Estimate (MRE), continuity of higher grade zones of mineralization to up grade MREs and increase resource confidence through drilling. spacer.

Grasmere has a historical JORC 2004 MRE of 5.75 million tonnes at 1.03% copper, which exists in a series of veins that span about 3.3 kilometers strike within the broader VMS trend that spans 22 kilometers.

Notably, recent drilling has confirmed the presence of high-grade copper zones within the existing resource area and has shown that the mineralized system is open in multiple directions.

Assays include nine meters at 2.01% copper and 0.85% zinc from 79 meters, including seven meters at 2.39% copper and 1.01% zinc.

Existing hole GS0007 also returned high grades including up to 3.85% copper and 0.77% zinc over four metres.

To complement the drilling, Odin has commenced an electromagnetic (EM) survey focused on the known mineralized extent that hosts the Grasmere MRE.

The company now plans to begin a new drilling program in June.

Shares of Odin Metals ended the day down 1.7 cents.

Tana T. Thorsen