Odessa Minerals (ASX:ODE)

Mt Yaragner Ironstones as Stand-Out Ree Targets Yinnetharra Lockier Range Project

Odessa Minerals Limited (ASX:ODE) (“Odessa” or the “Company”) is pleased to provide a further update on the exploration program underway at its Yinnetharra Project at Lockier Range in the Gascoyne region of Western Australia.


HIGHLIGHTS:
  • Soil sampling defines coherent anomalous Rare Earth Element (REE) trends at the Lockier Range Project, Upper Gascoyne Region of Western Australia:
    • 5 x 2km overall highly anomalous area at Mt Yaranger (>300ppm La+Ce+Y in soils)
    • 2 to 4km strike length individual trends (>700ppm La+Ce+Y)
  • Strong spatial association with iron-rich rocks, potentially weathering products of ironstone carbonatites analogous to Yangibana REE deposits (Hastings Technology Metals) and Yin REE deposits (Dreadnought Resources) located ~60-70km to NNE of Lockier Range
  • Highly-elevated Rare Earth Element in rock chips including:
    • peak TREO result of 3499ppm (24% of which is Critical Rare Earth Oxides (Nd+Pr+Tb+Dy)) in the Southern Pegmatite Field
    • 15 samples above 1000ppm TREO

Lockier Range Figure 1: PHOTOGRAPH OF IRONSTONES RARE EARTH TARGET AT MT YARAGNER at sample location XR0258, 1379ppm TREO


Zane Lewis, Chairman of Odessa, said: “The Lockier Range project is endowed with exceptional mineral fertility, providing a dual opportunity for both LCT pegmatites and rare earth elements. These results are a testament to the project’s rich mineral resources and the potential for further discoveries.

With the Gascoyne area at the forefront of critical minerals discovery in Western Australia, and recent discoveries by our neighbours, the potential for Lockier Range to host multiple economic deposits of similar style is truly remarkable.”


Click here for the full ASX Release

This article includes content from Odessa Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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