Odin is lighting up its flagship Koonenberry copper project with first assays from its maiden drill program returning significant copper hits of up to 6m at 3.2% copper.

All this within a broader 11m zone grading 1.9% copper from 35m (CV0006) and other hits such as 7m at 1.08% copper from 48m (CV0004) support the existence of larger, higher-grade primary copper mineralisation at the Cymbric Vale prospect and it remains open in all directions and at depth.

For Odin, it follows on from previous reverse circulation drilling that intersected 20m at 0.73% copper and 20m at 0.33% copper from surface.

Then there’s Big Mother…

Cymbric Vale is located within an area where a recent helicopter-borne time domain electromagnetic (HeliTEM) survey completed by Odin Metals (ASX:ODM) identified targets over 12km of strike including an undrilled anomaly just northwest of the recent drilling.

Additionally, drilling at the Big Mother target intersected shallow magnetite alteration associated with a mafic gabbro intrusive system while assays are pending for initial RC drilling at the Grasmere deposit about 30km east of Cymbric Vale.

The company had completed about 2,800m of its planned 5,000m drill program in December last year with 12 holes for 960m being completed on Cymbric Vale.

Top drill intersection at Cymbric Vale. Pic: Supplied

Upcoming activity

Scout drilling is ongoing across the Koonenberry project with the rig about to test a number of priority HeliTEM targets in the Grasmere region before returning to Cymbric Vale to drill along strike to the northeast and to test the northwest anomaly.

Grasmere has an existing Indicated and Inferred resource of 5.75 million tonnes grading 1.03% copper, 0.35% zinc, 0.05 grams per tonne (g/t) gold and 2.3g/t silver.

Odin also plans to model the recent HeliTEM data to assess the shallow magnetite alteration system intersected at Big Mother and its potential to host an iron oxide copper-gold (IOCG) deposit.


Koonenberry is an emerging, district scale copper and base metals exploration package covering 2,600sqkm about 80km east of Broken Hill, New South Wales.

It covers about 150km strike of the significantly under-explored Koonenberry Belt, which is highly prospective for a number of styles of mineralization including volcanogenic massive sulphide hosted copper–zinc–gold–silver deposits, which is supported by the presence of the Grasmere deposit, magmatic nickel-copper-platinum group elements, epithermal silver-lead-copper and orogenic gold.




This article was developed in collaboration with Odin Metals, a Stockhead advertiser at the time of publishing.


This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.