The Conversation (0)
Odessa Minerals Limited (ASX:ODE) (“Odessa” or the “Company”) advises that it has received and reviewed the rare earth element (“REE”) analysis results from the tenement-wide systematic soil sampling program over the Lockier Range project located in the Gascoyne region of Western Australia.
Highlights:
Well-defined and standout drill targets for REE have now been identified at Lockier Range and includes:
- Mt Yaragner West REE
- ~2.5km x 1.5km target zone with very high cerium (Ce) + lanthanum (La) in systematic soil analysis1
- >2,400ppm Ce+La ppm peak soil value
- Coincident thorium radiometric anomalies
- Proximity to historic HMC stream sediment results up to 14% total REE (3.36% Nd+Pr)2
- Several other anomalies warranting follow up work
- 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; and is ideally located:
- ~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
David Lenigas, Executive Director of Odessa, said:
“With historic stream sediment sample results at Lockier Range up to 14% REE (including 3.36% Neodymium and Praseodymium), these very high REE soil sampling results define a compelling REE target in the emergent Gascoyne REE province, which require priority mapping followed by drilling. Mt Yaragner has always been our main REE target of interest, and these new results confirm it remains a very high priority for next steps. Combined with the high order lithium targets released at the end of last week and these REE results, Lockier Range is looking very promising for Odessa.”
The Lockier Range Project consists of a single 125km2 Exploration License (E09/2649). Previous work includes historic stream sediment sampling showing the project to be highly anomalous in lithium pegmatite and REE carbonatite indicator elements.
The Lockier Range Project is located in the highly sought-after Gascoyne region of Western Australia and is in close proximity to significant recent lithium/pegmatite discoveries by Delta Lithium Ltd (ASX:DLI), Voltaic Strategic Resources (ASX:VSR) and Reach Resources (ASX:RR1). Furthermore, the project lies in a north-south corridor of REE carbonatite discoveries by Hastings Technologies Ltd (ASX:HAS); Dreadnought Resources Ltd (ASX:DRE) and Kingfisher Mining Ltd (ASX:KFM) (Figure 1, Figure 6). Odessa recently reported very positive results from its soil sampling for lithium and lithium pathfinder elements.3
Figure 1 - Lockier Range Project, proximal to the emergent Gascoyne lithium pegmatite province.
REE Carbonatite Targeting
The Gascoyne Province of Western Australia is emergent with the discovery of significant critical rare earth element resources and occurrences by Hastings Technology Metals (ASX:HAS), Dreadnought Resources (ASX:DRE) and Kingfisher Mining (ASX:KFM), along with other REE-focused explorers such as Augustus Minerals (ASX:AUG) and Minerals 260 (ASX:MI6).
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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.
Drilling Commenced at Viani in Fiji
HIGHLIGHTS
- The Phase 1, three-hole diamond drilling program has commenced at the Viani Project, Fiji and will test for extensions to the quartz vein gold mineralisation at depth.
- Phase 1 is expected to be completed in early 2025, with plans for additional drilling under the same program dependent on the initial results
- The Viani Project (SPL1513) covers an area of approximately 200km2 and is largely underexplored.
- At the Dakuniba prospect within Viani, low sulphidation epithermal high-grade gold mineralisation has been mapped over >3km strike length.
- Diamond drilling completed by Japan International Cooperation Agency (JICA) in 1995 to 1997 intersected high-grade gold in low sulphidation epithermal quartz veins, including 0.6m @ 27.6 g/t Au.
Alice Queen’s Managing Director, Andrew Buxton said,
With drilling underway, Alice Queen is positioned to test the epithermal gold-style mineralisation identified in historic drilling at the Viani Project. Weather permitting, we anticipate completing the Phase 1, three-hole diamond drilling program in early 2025. Following this, our exploration team will mobilise the drill rig to the Sabeto Project in Fiji to maintain the momentum of this campaign. To deliver timely results to shareholders, we intend to accelerate the analysis of the drill core at ALS Brisbane.”
Image 1 – Diamond drilling at Viani
Details
Geology
The geology of the Viani Project (SPL 1513) comprises olivine basalts and volcaniclastics of the Natewa Volcanic Group which are intruded by andesite sills and dykes. In the 1940s, gold mineralisation was found by local prospectors near the village of Dakuniba. At Dakuniba, low sulphidation style epithermal gold occurs in quartz veins, and silicified rocks along a 3km long NE trending zone.
In 1995-1997, Japan International Cooperation Agency (JICA) drilled six diamond holes at Dakuniba and intersected high-grade gold in chalcedonic, crustiform, colloform banded quartz veins at depths of 50m to 100m below surface (i.e. MJVFV-5 intersected 2.2m @ 11.3 g/t Au, incl 0.6m @ 27.6 g/t Au at 121m downhole). This high-grade gold mineralisation is open in all directions.
Proposed Drill program
The initial Phase 1 drill program at Viani (see Table 1) will comprise three diamond drillholes designed to test continuity to the epithermal gold mineralisation previously intersected in JICA drillhole MJVFV- 5 (2.2m @ 11.3 g/t Au) (see Figure 2). The drilling will test for extensions to the gold mineralisation at depth and along strike.
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This article includes content from Alice Queen Limited, 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.
