OD6 Metals (ASX:OD6) Expands High-Priority Drill Targets at Gulf Creek
Exploration Results
OD6 Metals Limited reported positive surface soil sampling and results from a recent Fixed Loop Electromagnetics (FLEM) geophysics survey at the Gulf Creek Copper Project in northern NSW. The new geochemical and geophysical surveys confirm and expand multiple high-priority, extensional, and repeat targets across the Gulf Creek tenure. Anomalous copper and pathfinder soil anomalies extend over several kilometres, supporting evidence of a large-scale and potential high-grade VMS style system. The FLEM survey identified multiple conductors, many coinciding with existing targets and supporting new high-priority drill targets. Additionally, a separate Au-Bi-Se-Mo anomaly suggests a possible intrusion-related mineral system to the northeast of the historical high-grade Gulf Creek mine.
Future Drilling Plans
OD6 Metals has appointed DDH1 as the leading drill contractor, with drilling scheduled to commence imminently. The drilling program aims to extend the known high-grade mineralisation at the historic Gulf Creek Copper mine. Combined geophysical, geological, and geochemical targets for extensional exploration are currently being prioritised. The company is also preparing forward work programmes, including the first drill assay results and an extended drill program permitting.
Executive Comments
Brett Hazelden, Managing Director, stated, “As OD6 gets ready to line up the first meaningful drill program at the historic high-grade Gulf Creek Copper Project, we are pleased to present new data that confirms and expands the exceptional exploration upside that exists at Gulf Creek, with multiple high priority targets identified. A combination of soil geochemistry along with new ground electromagnetics has confirmed several of our existing targets and added new targets along the >5km of folded VMS horizon stratigraphy. VMS systems commonly form in clusters and as we continue to integrate modern data with historic data, new targets continue to emerge. Success at Gulf Creek has the potential to drive significant value creation for our shareholders, and with drilling preparation well underway, we are excited to drill test extensional and repeat targets of the known high-grade mineralisation at the historic Gulf Creek Copper mine. We look forward to keeping our shareholders updated as drilling commences.”
Motley Fool contributor Abbie Stokes 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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