HIGHLIGHTS
- Orión Project drilling continues with five drill holes completed and two in progress
- All drill holes intersected the prospective Pochico Formation quartzites
- Fast tracked assay results expected in coming week with overlimit assays currently being completed.
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Osmond Resources Limited (ASX:OSM) (Osmond or the Company) is pleased to announce a progress update at the Orión EU Critical Minerals Project (Orión or the Project). A total of five drill holes, for 1,302.2m, have been completed with another two drill holes in progress (Figure 1; Table 1). All drill holes have intersected quartzite layers of the Pochico Formation which are considered highly prospective for heavy minerals, including rutile (titanium), ilmenite (titanium), zircon (zirconium) and monazite (rare earth elements)*.
The Company has also received initial assays from drill hole AV-01 which were fast-tracked for analysis. Final results of elements that exceeded detection limits of standard assaying procedures are pending. Following routine analysis of the complete set of results, the assays will be reported in the coming week.
Figure 1 – Map showing location of completed, in progress and planned drill holes
at Orión EU Critical Minerals Project.
Link to ASX Release: https://bit.ly/3LJtO4z
Contact details:
Anthony Hall
Managing Director and CEO
[email protected]
+61 417 466 039
Elvis Jurcevic
Investor Relations
[email protected]
+61 408 268 271