Odyssey Gold Intersects Highway Zone 80m Below Existing Resource

THE DRILL SERGEANT: Odyssey Gold (ASX: ODY) reported results from recent diamond drilling undertaken into the high-grade mineralised shoot at Highway Zone on the company’s Tuckanarra JV gold project in the Murchison Goldfields of Western Australia.

Odyssey Gold completed two holes in a follow-up diamond drilling program to test the depth extension of the high-grade Highway Zone shoot, both of which intersected the Highway Zone structure, returning results of:

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7.35 metres at 9.5 grams per tonne gold from 271.65m, including 3.25m at 20.6g/t gold from 274.25m; and

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6.2m at 2.2g/t gold from 290.9m.

These intersections were encountered 80m below Odyssey’s existing shallow Mineral Resource of 5.32 million tonnes for 376,000 ounces at 2.2g/t gold.

“Odyssey’s geologists have generated a robust model of stratigraphic and structural controls of mineralisation at the Highway Zone,” Odyssey Gold managing director Matt Briggs said in the company’s ASX announcement.

“The mineralisation is very predictable allowing us to successfully intersect the Highway Zone with diamond drilling up to 120 metres below previous drilling and 80 metres below the existing resource.

“These are the deepest two intersections ever drilled on the mining lease.

“The intersections are 80 metres below the open pit resource demonstrating the potential for the rapid growth of underground resources on the mining lease in addition to the existing 376,000 ounce open pit resource announced in August.

“The Highway Zone has consistent thick oxide intersections at surface.

“Extending beneath the oxide are high-grade veins with strong plunge continuity as typical of deposits in the district.

“This is the first of a number of advanced underground targets to be tested in the project area.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE