Odessa Minerals Limited (ASX:ODE) has applied for 2,143 square kilometres of new exploration license applications in the Gascoyne Terrane in Western Australia.
“With the recent acquisitions at Lyndon and Lockier Range, we are pleased to have recognised further opportunity at the Gascoyne East Project area,” David Lenigas, Odessa’s Executive Director, said.
“These new applications represent perhaps the last significant strategic land-package available for exploration application in the district. In working with our advisors, the Gascoyne East Project represents a hitherto previously un-explored part of this Gascoyne Province.
“The Gascoyne and surrounding district is Western Australia’s pre-eminent emergent discovery province for REE and Lithium pegmatites with discoveries and acquisitions in recent times by Hastings Technology, Dreadnought Resources, Kingfisher Mining, Red Dirt Metals and Krakatoa Mining.
“The Gascoyne is now a very exciting project area for Odessa, and we see this very large tenement package as highly prospective for REE’s and lithium.”
Gascoyne East Project
The Gascoyne East Project consists of six new exploration license applications. The project is approximately 90% covered by colluvium gravels and cover sediments and, as such, has received minimal previous exploration.
The area is interpreted as predominantly underlain by Gascoyne Terrane Moorarie Supersuite granitoids―a potential host for the carbonatite hosted REE mineralisation analogous to other discoveries elsewhere in the Gascoyne. The project is located approximately 80 kilometres to the south-southeast, and along a dominant regional structural trend, from Kingfisher Mining Ltd’s Mick Well rare earth element discovery, and approximately 16 kilometres north of Krakatoa Resources Mt Clere REE project.
The NE quadrant of the project area includes Edmund (basin) Group sediments including pelites and sandstones. Elsewhere, the Edmund Group is host to the large-scale base-metal deposits (such as the large Abra Deposit controlled by Galena Mining Ltd).
Work by Geoscience Australia and others published in 2019 suggests a deep tectonic zone controls giant copper and other metal deposits in Australia such as Olympic Dam (SA), Telfer (WA) and Mt Isa (QLD) deposits, as well as analogies elsewhere in the world, with this same ‘gigayear stability’ gradient zone transecting the Gascoyne East area.
Next Steps
The company intends to negotiate appropriate land access agreements with traditional owners/native title parties and proceed the tenements to granted status. First exploration will involve reconnaissance work, followed by ground-based geophysics and/or shallow drilling to test through colluvium cover to the basement Gascoyne Group rocks.
For further information please visit: https://odessaminerals.com.au/
