Odin has intersected more high-grade copper at the Grasmere prospect within its flagship Koonenberry project, highlighting its significant potential for growth.

There’s quite a fair bit going for Grasmere. Not only does it sit within a structurally controlled volcanogenic massive sulphide trend that extends for more than 22km, it also hosts an older JORC 2004 resource of 5.75Mt grading 1.03% copper in a series of individual lodes that stretch out over 3.3km of strike and are separated by gaps in drilling.

Odin Metals (ASX:ODM) now has evidence that at least some of these lodes are linked with GS0006, which was drilled to test one of the gaps, returning a 5m intersection grading 2.72% copper from 94m within a broader 8m at 1.46% copper from 92m.

Other holes such as GS0003, which returned a 8m intersection at 1.62% copper from 83m within a broader 12m at 1.16% copper from 80m, successfully confirmed grades and widths within the mineralisation.

Massive sulphide treasure

Adding further interest, hole GS0012 – one of three RC pre-collars for planned diamond tails – intersected a 2 m zone grading 4.6% copper from a depth of 192m to end of hole, providing evidence for the presence of higher-grade massive sulphides.

No surprise then that diamond drilling from the GS0012 pre-collar is a priority.

Odin has now restarted its planned 5,000m drill program, of which 2,800m was completed in December 2021, with a focus on expanding and confirming the current resource and testing HeliTEM anomalies along strike.

It also plans to complete at least a further 5,000m of RC drilling prior to May – as well as diamond core drilling initially targeting Grasmere – from there it’s on to Cymbric Vale and Wertago.




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.