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- Odyssey Gold (ODY) shares jump after it reports “outstanding” gold results from its Tuckanarra project in Western Australia
- The latest assays come from reverse circulation drilling completed at the Maybelle deposit which focused on defining high-grade shoots and extending mineralisation
- One of the best results intersected four metres at 53.9 grams per tonne (g/t) gold from 124 metres
- The high-grade shoot remains open to the north and will be followed up with additional RC drilling
- Odyssey ends the day up 20 per cent to close with shares trading at 4.8 cents each
Odyssey Gold’s (ODY) shares have jumped after it reported “outstanding” gold results from its Tuckanarra project in Western Australia.
The latest round of assays came from reverse circulation (RC) drilling completed at the Maybelle deposit which focused on defining high-grade shoots and extending mineralisation.
One of the best intersections includes four metres at 53.9 grams per tonne (g/t) gold from 124 metres.
The high-grade shoot remains open to the north and will be followed up with additional RC drilling.
Managing Director Matt Briggs said the result is encouraging and shows the potential to establish a quality resource footprint at the Maybelle deposit.
“Our drilling strategy across the Tuckanarra Project is continuing to highlight the potential scale and high-grade nature of our portfolio, and we are looking forward to reporting assay results from similar targets recently drilled at Maybelle North, Lucknow and Douglas,” he said.
A high volume of assays are still pending from other deposits targeted in the drill program.
Odyssey has ended the day up 20 per cent to close with shares trading at 4.8 cents each.
