Osmond Resources Limited announced that a regional soil sampling survey is in progress across the Sandford Tenement (EL6958), located in western Victoria. The survey is designed as a first pass regional program, with a sample spacing of 500m along roads to quickly identify targets of interest for follow up infill sampling at closer spacing. This is the first comprehensive regional geochemical survey conducted over the whole tenement area.

The aim of the survey is to identify anomalous base metals as well as REE and potentially mineral sands. In addition to the regional sampling program, landholder engagement is currently underway for access to private land to target areas of igneous-metasediment contacts and nearby geological structures prospective for base metal deposits. To assist in identifying anomalous areas a hand-held XRF will be used, these in the field results will assist in reducing the number of samples submitted for assay and reduce the overall cost, as the use of the XRF will be not representative it is not intended to release the results until the full assays are available.

The Sandford Project is considered prospective within the tenement for Rare Earth Elements (REE) hosted in clays developed at the base of the extensive duricrusts that formed from the deep weathering of basement granitoid bodies with elevated REE concentrations. In addition the tenement is prospective for Avebury-style nickel; SEDEX base metals; porphyry Cu-Au; porphyry Mo-Au; (R)IRGS style deposits; and orogenic Au deposits related to major structures that pass through the tenement. The soil survey underway will assist in identifying prospective regions for the formation of the REE hosted clays and also base and precious metal occurrences.