Odessa Accelerates Exploration At Gascoyne Lithium And REE Targets

Odessa Minerals Limited (ASX:ODE) (“Odessa” or the “Company”) is pleased to provide an important update on the exploration programs commencing at its Gascoyne, Lockier Range and Gascoyne East projects located in Western Australia.

Highlights:

Odessa’s Lockier Range Lithium and Rare Earth Element (“REE”) Project covers a large area of 125km2 within its substantial Gascoyne tenement package of +3,000 km2. With the recent appointment of an exploration manager, the Company has now approved and initiated an accelerated exploration program. Field crews have already been mobilised to site.

Lockier Range Pegmatite Lithium Targets – work programme underway

Previous work, as announced by the Company, has identified significant pegmatite fields and associated anomalism of lithium and lithium-pathfinder elements in a similar geological setting to nearby Jamesons and Yinnetharra Lithium discoveries by Delta Lithium (ASX:DLI). Work programmes that have commenced include:

• Infill detailed soil sampling on a 100 x 100m grid spacing at Robinson Bore and Eastern Lithium pegmatite targets
• Detailed mapping and surface rock sampling of the pegmatite fields at Robinson Bore, Eastern and Southern Pegmatite fields and,
• Finalisation of first drill locations at the Lithium Targets

Lockier Range Mt Yaragner Rare Earth Carbonatite Targets – work programme underway

Previous work by the Company has identified highly anomalous REE in surface sampling associated with thorium radiometric anomalies, and potentially comparable to the nearby Yangibana Carbonatite Field (Hastings Technology Metals ASX:HAS). The current programme includes:

• Infill detailed soil sampling on a 100m x 200m grid spacing at Mt Yaragner
• Detailed mapping and surface rock sampling of the anomalous REE areas and,
• Finalisation of first drill locations on the REE targets

Gascoyne East Regional Target area:

The +2,000 km2 Project covers intersections of major regional structures in the Gascoyne and Glenburgh terranes, and the margin of the Capricorn Basins. To date there has been minimal previous exploration work due to extensive alluvial cover obscuring bedrock geology. The company now has a Programme of Works Permite (“PoW”) approved for Aircore drilling to cover a wide area obscured by alluvial sediments.

David Lenigas, Executive Director of Odessa, said: “We are now beginning Odessa’s most intense exploration at Lockier Range since the tenement was granted. Over the coming fortnight, we anticipate collecting nearly 2,000 soil samples and hundreds of rock-chip samples over our Lithium and REE targets. Detailed surface mapping of these targets will also be undertaken.”

Lockier Range Project

Odessa’s Lockier Range Lithium and Rare Earth Element (“REE”) Project covers a large area of 125 km2 within its substantial Gascoyne tenement package of +3,000 km2; and is ideally located:

• Adjoining Minerals 260’s “Aston” Lithium project with extensive anomalies
• ~8.5km southwest of Delta Lithium’s “Jameson” lithium pegmatite discovery
• ~15km west of Reach Resources’ “Morrissey Hill” lithium pegmatite discovery
• ~25km west of Delta Lithium’s “Yinnetharra” lithium pegmatite discovery
• ~40km west of Voltaic Strategic Resources’ pegmatite discovery
• ~60-70km south of Hastings Technologies’ and Dreadnought Resources’ rare earth projects

Figure 1: Lockier Range Project, proximal to the emergent Gascoyne lithium pegmatite province.

Lithium Pegmatite Targets

The Company recently announced the identification of extensive pegmatite fields with associated lithium and lithium pathfinder anomalism in soils (refer announcements dated 27 July 2023 and 14 July 2023). With the recent appointment of Jay Ward as Exploration Manager, the Board has approved an accelerated exploration program.

The exploration programs, including infill soil sampling and surface reconnaissance, are designed to finalise drill target locations. The lithium targeting work is prioritised within the Robinson Bore pegmatite field, adjoining and extensional to Minerals 260’s ‘Aston Project’. In addition, the Eastern Pegmatite field has emerged with strong potential of pathfinder anomalism associated directly with the Thirty-Three Supersuite granite margin.

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.