Odin doubles Canadian holdings

ODIN Metals has restructured, recapitalised and signed an option agreement with major copper producer First Quantum Minerals to increase its holdings at the Sturgeon Lake copper-zinc project in Ontario.

Odin doubles Canadian holdings Odin doubles Canadian holdings Odin doubles Canadian holdings Odin doubles Canadian holdings Odin doubles Canadian holdings

The pair has signed a binding agreement over five leases that are adjacent of to Odin’s initial holding that was secured late last year.

Both areas are prospective for volcanogenic massive sulphides, but Odin’s leases host the former high-grade Sturgeon Lake mine as well as more of the Mattabi mineralised trend.

Production from the Sturgeon Lake camp was reported by the Geological Survey of Canada in 1995 at 18.6 million tonnes with an average grade of 1.09% copper, 8.06% zinc, 0.84% lead, 119.6 grams per tonne silver and 0.5gpt gold.

The Sturgeon Lake deposit was the highest-grade orebody in the camp. The rest are located within adjoining ground held by Glencore.

Odin is targeting the VMS trend from its ground, where previous  drilling by Falconbridge in 1971...