- Odyssey Gold (ODY) intercepts gold mineralisation following drilling at the Tuckanarra Project in the Murchison Goldfields in WA
- Ten of 11 assay results received intercepted gold mineralisation, with the first diamond drill hole at Bottle Dump returning intercepts including 2.3 metres at more than 600 grams of gold per tonne (g/t)
- Additionally, the trend between the Cable and Bollard Prospect is being developed for potential shallow, open-pittable mineralisation
- A further 18 holes are pending assays from the maiden drill program
- Odyssey Gold is trading 13.5 per cent down at 11.3 cents at 11:18 am AEST
Odyssey Gold (ODY) has intercepted gold mineralisation following drilling at the Tuckanarra Project in the Murchison Goldfields in WA.
The company received assays from a further 11 holes following the completion of its initial drill campaign. Of these 11 holes, ten intercepted gold mineralisation.
The first diamond hole at Bottle Dump displayed a visible gold core, with best intercepts including 2.3 metres at more than 600 grams of gold per tonne (g/t), including 0.28 metres at greater than 4,560g/t gold from 248.7 metres.
This has been averaged over the 2.3 metre interval of sheared quartz veining which showed minor specks of visible gold in the two metre down-hole region from the visible gold veinlet.
Additionally, the company said the trend between the Cable and Bollard Prospect was being developed to chase potential shallow, open-pittable mineralisation.
This was spurred by prior drilling which intercepted two separate banded-iron formation units, with results including 6 metres at 1.5g/t gold from 114 metres and 24 metres at 1.1g/t gold from 132 metres. The trend remains open along dip and strike.
Altogether, Odyssey has drilled 17 holes for 2,642 metres along the Cable and Bollard Trend, with assays pending for eight holes.
ODY Executive Director, Matt Syme said: “The emergence of the Cable-Bollard Trend is beginning to offer some compelling additional targets with resource potential.
“While we await final assay results, we are actively incorporating what we know into planning the next phase of exploration.”
The company said a further 18 holes had pending assays from the maiden drill program.
Now that preliminary pad preparations have now been completed, the company plans to restart drilling activities, with drill rigs expended to be mobilised over the in coming weeks.
Odyssey Gold was trading 13.5 per cent down at 11.3 cents at 11:18 am AEST.