- Odin Metals (ODM) has started the maiden drilling program at the Monte Azul Zinc Project in Brazil
- This 3000 metre drilling program will target the thicker and higher-grade core of the project to outline a JORC 2012 compliant resource
- Drilling will also extend the high-grade zone that has returned results grading up to 10.39 per cent zinc and 2.13 per cent lead
- Odin Metals has dropped 4.76 per cent and shares are trading for 4 cents each
Odin Metals (ODM) has started the maiden drilling program at the Monte Azul Zinc Project in Brazil.
This 3000 metre drilling program will target the thicker and higher-grade core of the project to outline a JORC 2012 compliant resource.
This resource will then form the foundation for initial study works.
Drilling will also increase the confidence and extend the high-grade zone that has returned intercepts of 13.92 metres at 10.39 per cent zinc and 2.13 per cent lead from 262.50 metres, and 10.34 metres at 6.09 per cent zinc and 0.72 per cent lead from 328.24 metres.
The Monte Azul Zinc Project was discovered in 2006 via geophysics but it has never been mined or drilled.
Due to never being mined and drilling it has a significant resource estimate of 7.6 million tonnes at 6.1 per cent zinc equivalent and a higher grade core of 3.6 million tonnes at 9 per cent zinc equivalent.
It also hosts a significant 40 kilometre anomaly that remains under-explored.
Initial metallurgical test work shows ore can be extracted via both conventional froth flotation and pre-concentration flotation, with more than 80 and 90 per cent recovered respectively.
Odin Metals has dropped 4.76 per cent and shares are trading for 4 cents each at market close.