An overshot assembly for operative coupling to a wireline and a head assembly within a drilling system. The overshot assembly has a proximal body portion, a distal body portion, and a spindle received within the distal body portion. The distal body portion is moveable axially relative to the spindle to effect movement of a latching assembly about and between a deployed position in which the latching assembly extends radially outwardly from the distal body portion and a retracted position in which the latching assembly is received within the distal body portion.