- Odyssey Gold (ODY) strikes up to 13.9 grams per tonne (g/t) gold at the Highway Zone within the Tuckanarra joint venture project in WA
- The company has completed an 18-hole reverse circulation drilling program that identified a mineralised shoot at the Highway Zone with significant scale potential and “consistent” high-grade hits
- Meanwhile, a 54-hole aircore program has been completed to define extensions of the Highway Zone towards the Bottle Dump Pit area
- The company says it looks forward to reporting the assays from the AC program as soon as they become available
- Odyssey Gold is up 3.45 per cent and trading at three cents at 3:03 pm AEDT
Odyssey Gold (ODY) has struck up to 13.9 grams per tonne (g/t) gold at the Highway Zone within the Tuckanarra joint venture project in WA.
The project is jointly owned by Odyssey and Monument Mining, which holds 20 per cent of Tuckanarra.
ODY has completed an 18-hole reverse circulation program for 1882 metres that identified a mineralised shoot at the Highway Zone with “significant scale potential”.
Odyssey said the drilling returned “consistent” high-grade hits, including 11 metres at 8.4 g/t gold from 133 metres and six metres at 13.9 g/t gold from 135 metres.
Intersections from the Hanging Wall hit 19 metres at 0.5 g/t gold from 44 metres.
“Another exceptional hole drilled into the Highway Zone with a result of 11 metres at 8.4 g/t gold in fresh rock demonstrates the consistency of the high-grade shoot,” ODY Managing Director Matt Briggs said.
“We are also encouraged by the early signs from a step-out RC hole drilled 400 metres to the east of our 2022 campaign, which successfully intersected gold mineralisation in ultramafic, indicating strong potential for another high-grade shoot.”
Meanwhile, a 54-hole aircore program was completed to define extensions of the Highway Zone towards the Bottle Dump Pit area 2.1 kilometres to the east.
Odyssey said the AC drilling was a faster, lower-cost path to defining the extensions of the Highway Zone ultramafic to the east and to test the extensive soil anomalism in the area.
“Early signs from this aircore program are also positive with the ultramafic rocks associated with the Highway Zone mineralisation defined for a further 650 metres to the east of our 2022 drilling,” Mr Briggs said.
“This area is considered highly prospective and has surface workings for 200 metres of strike with grab samples assayed last year yielding up to 18.5 g/t gold highlighting the potential for the continued growth of this system.”
The company said it looked forward to reporting the assays from the AC program as soon as they became available.
Odyssey Gold was up 3.45 per cent and trading at three cents at 3:03 pm AEDT