Western Areas hits New High-Grade Zone at Odysseus North

THE DRILL SERGEANT: Western Areas (ASX: WSA) announced the intersection of a new massive sulphide zone, including two super high-grade results, immediately below the Odysseus North orebody at the Cosmos nickel complex.

Western Areas said the intersections were encountered 160 metres south of a high-grade Inferred Mineral Resource of 0.05 million tonnes at 11.6 per cent, which forms part of the Odysseus North orebody.

The company considers these intersections, when combined with results from geophysical surveys, represent a potential extension to the high-grade Resources at the broader Odysseus project.

Key highlights include:

Intersected massive sulphide comprising 2.6m at 12.6 per cent nickel, including 1.6m at 18 per cent nickel;

Intersected massive sulphide comprising 5.3m at 15.2 per cent nickel, including 3.4m at 22 per cent nickel;

Down-hole electromagnetic (DHEM) surveys successfully completed in WAD002 identified two strong responses at downhole depths of 1,240m and 1,290m respectively.

The 1,240m response has been confirmed by drilling as being mineralised massive sulphide.

The drilling has demonstrated potential to extend existing high-grade Resources at Odysseus North.

“On acquiring Cosmos, we had the clear view that the true potential of the project, both for more nickel near existing known orebodies and for new discoveries in a wider regional setting, had not been adequately tested,” Western Areas managing director Dan Lougher, said in the company’s announcement to the Australian Securities exchange.

“We’ve begun testing this view which has resulted in both strong potential for adding more high grade Resources near Odysseus North and some very promising exploration hits at Neptune, as reported recently.

“Additionally, we expect to convert more quantified Mineral Resources at Odysseus North to a higher confidence category and enhance our understanding of this significant deposit.

“Cosmos is starting to deliver on the opportunities we believe exist at the project, and we look forward to continuing this progress throughout the year.”

Website: www.westernareas.com.au