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Odessa Minerals Limited (ASX:ODE) (“Odessa” or the “Company”) is pleased to provide an interim update on the exploration programs currently underway at its Yinnetharra Lithium Project at Lockier Range.
Highlights:
- Over 46,000 metres strike-length of pegmatites1 mapped to date by geology crews on tenement. Field programme about 50% complete.
- >16,500 metres strike-length of pegmatites mapped at Robinsons Bore alone, adjacent to Minerals 260’s “Aston” Lithium Project
- 777 soil samples collected pending delivery to laboratory
- 107 rock samples completed pending delivery to laboratory
Lithium Pegmatite Targets
Mapping and sampling at the Robinson Bore Prospect and Eastern Pegmatite Field Target is now complete, with over 16,500m of strike-length of pegmatites mapped. The pegmatites are all situated within 4km of the margin of the lithium-caesium-tantalum (“LCT”) fertile Thirty-Three Supersuite granite. A total of 777 soil samples and 107 rock chips have been collected so far and are pending delivery to the laboratory.
This soil sampling program has infilled the Company’s current Lithium-in-soil anomalies to 100 x 100 metre spacing in order to provide higher definition data on potential drill targets. Rock chip samples have been collected from the outcropping pegmatites. Combined, this sampling program aims to delineate fertile pegmatites and generate drill-ready LCT pegmatite targets.
The on-ground team will complete systematic mapping and sampling of the >30,000m strike length of pegmatites at the Southern Pegmatite Field before mobilising to the Mt Yaragner West REE Target.
David Lenigas, Executive Director of Odessa, said: “Our exploration efforts on the ground at Lockier Range are now in full swing and we are pleased to provide this interim update to shareholders on the findings to date. The abundance of pegmatite outcrop in the areas of highly anomalous lithium geochemistry is highly encouraging and this work is designed to generate drill-ready LCT pegmatite targets.”
Figure 1: Principal pegmatite target areas within the Lockier Range Project showing the extent of mapped pegmatites underlain by gridded soil results coded by Li2O ppm (refer company announcements dated 14 July 2023 & 21st August 2023).
Figure 2: Robinson Bore Pegmatite 1 km from the margin of the Thirty-Three Supersuite granite.
Work Program Timeline
The Company anticipates that the Lockier Range on-ground work will be completed by the end of September, depending on weather conditions, and therefore expects to receive assay lab results and interpretation in mid- November.
Subject to assay results, the Company anticipates that the next steps will be the targeting and identifying drilling locations, obtaining approvals to drill, and then drilling the targets as soon as possible.
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