THE DRILL SERGEANT: Odyssey Gold (ASX: ODY) released an updated Mineral Resource Estimate (MRE) for the company’s Tuckanarra project in the Murchison Goldfields of Western Australia.
The updated MRE incorporates a new MRE for the Highway Zone based on results from diamond drilling completed in November 2023.
The Tuckanarra MRE now totals 5.14 million tonnes at 2.5 grams per tonne gold for 407,000 ounces of gold (above a 0.9-2.0g/t Au cut-off).
The new MRE for the Highway Zone comprises and Inferred resource of 0.79 million tonnes at 3.8g/t gold for 97,000 ounces of gold.
Recent drilling at the Highway Zone highlighted underground potential with a high-grade shoot intersected over 150m of strike, including:
7.35 metres at 9.5g/t gold, 11m at 7.8g/t gold and 12m at 6.5mg/t gold.
“This resource upgrade demonstrates the potential for continued growth of shallow oxide resources and also the addition of high-grade underground mineralisation,” Odyssey Gold director Matthew Briggs said in the company’s ASX announcement.
“We have increased our overall resource grade to 2.5g/t gold, and the maiden underground resource for the Highway Zone contains a substantial 65,000 ounces at 5.8g/t gold.
“This underground resource grade is double the grade of underground resources being mined nearby.
“Targeted drilling at Highway Zone highlights the predictability of the high-grade shoot and 150m of strike.
“Additional drilling is planned to delineate continuing extensions of the resource along strike and at depth.
“Odyssey will continue to systematically unlock the value and true potential of this asset through further targeted drilling programs as we aim to build on this very solid foundation.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE