Samso News: OD6 Metals Limited — DHEM Survey Identifies Off-Hole Conductors at Gulf Creek - A Copper Exploration worth Monitoring.
- Noel Ong
- 18 minutes ago
- 5 min read
Announcement
Down Hole EM Survey Identifies Off-Hole Conductors - 23 Jan 2026 (view the announcement)
The OD6 Metals update is one that should be closely monitored as they update what is happening at Gulf Creek. As explorers in this modern age go back to the historical projects, the use of new techniques that help economise the cost of mineral exploration may be the catalyst for potential discoveries. As metal prices continue to move upwards with momentum, this will be a good form of exposure for investors.
Granted that there is never a sure bet on discovery, but what I have learnt as an investor with wisdom, is that you realise that unless you are on the ride, you will never feel the pain of despair nor the euphoria of success.
Introduction to OD6 Metals Limited – Gulf Creek Copper Project, New South Wales
OD6 Metals Limited (ASX: OD6) is advancing the Gulf Creek Copper Project in northern New South Wales, a historically mined, high-grade copper system. The Company has completed a Downhole Electromagnetic (DHEM) survey to support its recent diamond drilling program and improve targeting beneath historic workings.
Highlights – Off-Hole Conductors Support Fault-Offset Copper Model
DHEM survey completed across six drill holes using four surface EM loops at Gulf Creek (Figure 1).
Figure 1: Gulf Creek DHEM Survey Design (source: OD6).
A strong off-hole conductor identified approximately 75 metres beyond the end of hole GDD010, beneath historic workings (Figure 2).
Figure 2: Cross-section SE–NW across Gulf Creek showing DHEM plate conductors (source: OD6).
Geological reinterpretation suggests a potential fault offset of historic high-grade copper lodes rather than termination of mineralisation.
DHEM results at the Northwest Target indicate a possible additional conductor, subject to further geological review (Figure 3).
Figure 3: Plan view of OD6 Drilling completed to date overlain on 1st vertical derivative of magnetics with the priority targets Big Bend, North West, West Limb and the historic Gulf Creek Mine (source: OD6).
Drill assay results from the recent diamond drilling program are pending.
OD6 is fully permitted for an additional 25 drill holes at Gulf Creek to follow up identified targets.
Leadership Commentary
Managing Director Brett Hazelden commented:
“The DHEM survey and subsequent modelling has provided confidence that there are significant undiscovered accumulations of mineralization proximal to the historic high-grade copper mine at Gulf Creek. Both our near-mine drilling and historic records indicate the presence of high grade copper, and this combined with the increased knowledge of mine-stratigraphy and the newly identified conductor located beyond end-of-hole, strongly suggests there is a structural fault off-set of the main lode. With drilling now logged and geological understanding significantly advanced, we believe this conductor represents a high-priority target at depth and reinforces the prospectivity of the project.”
Near-term Milestones to Watch
Receipt of assay results from the completed diamond drilling program.
Integrated interpretation of DHEM data with geology, surface geochemistry, and geophysics.
Design of follow-up drill holes to test identified off-hole conductors.
Advancement of priority targets ahead of the next drilling phase.
Samso Concluding Comments
The Gulf Creek Project is a historically high-grade copper system with limited modern exploration. The identification of a strong conductor beyond the end of hole GDD010 suggests mineralisation may continue outside the historic mine footprint. What that means is that it looks to support a fault-offset or stacked lode model rather than depletion.
From a new exploration area, the DHEM results at the Northwest Target is looking to introduce an additional area of interest. This will create additional area to play along the current main focus of exploration activities.
With assays pending and drilling approvals already in place, the waiting game is on for OD6 to potentially position itself from interpretation to testing.
Market Implication - The Investor Lens
The reappreciation journey for OD6 Metals (Figure 4) has been slowly moving since August 2025 and the recent fall is interesting for potential investors. Shareholders of the stock would have been happy over that time but the recent fall may simply be due to the precious metal price volatility action.
Figure 4: OD6 Metals share price chart as of 2nd February 2026 (source: commsec).
I think that the journey for OD6 Metals is only beginning and a good result from the survey and future drilling will be positive. With a current market capitalisation of just over AUD $12M, I think for potential investors, it is still a reasonable position to do a SamsoDYOR.
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