OD6 Metals (ASX:OD6) Reports High-Grade Mineralisation at Gulf Creek
Exploration Highlights
OD6 Metals has intersected significant copper-zinc-silver mineralisation in the first six drill holes at Gulf Creek. Notable results include 8m @ 1.41% Copper, 1.26% Zinc, 7.08g/t Silver in hole GCC0004 and 6m @ 1.32% Copper, 2.82% Zinc, 9.02g/t Silver in hole GCC0006. Hole GCC0001 returned 1m @ 4.33% Copper, 1.02% Zinc, and 2.5g/t Silver before early termination.
Geological Insights
The results demonstrate a strong relationship between magnetism and sulphide mineralisation, suggesting a potential large-scale VMS system at Gulf Creek. Magnetic modelling has identified potential extensional target structures, including Big Bend, Eastern Limb, and Northwestern Zones, guiding further drilling activities.
Executive Comments
Brett Hazelden, Managing Director, stated, “The results from the initial six holes in Phase 1 are excellent, with the presence of zones of massive to semi-massive sulphides that have significant grade and align well with the historic workings at Gulf Creek. We are also pleasantly surprised at the broad disseminated copper mineralisation seen from surface in three of the holes, suggesting the potential of a larger system.
Most importantly we have confirmed the strong relationship between magnetism, mineralisation and classic VMS stratigraphy. The fact that the high-grade mineralisation is sitting immediately in the hanging wall of the strongest magnetic body confirms the Company’s targeting methodology.
Importantly these drill results provide added confidence on our planned Phase 2 large scale greenfield extensional targets at Big Bend, West Limb and the Northwest Zone. These untested repeat magnetic structures cover an extent of ~3km, with a modelled depth to in excess of 500m, and were one of the key drivers for the acquisition of the Project. They remain compelling targets to progress, with the potential to obtain a significant scale project.”
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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