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Odyssey Gold Increases Tuckanarra Mineral Resources

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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

 

Odyssey Gold Intersects Highway Zone 80m Below Existing Resource

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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:

CBRCD0151
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

CBDD0168
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

 

Odyssey Gold Encounters Visible Gold at Bottle Dump Deposit

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THE DRILL SERGEANT: Odyssey Gold (ASX: ODY) reported an intersection of visible gold in the first diamond hole drilled at the Bottle Dump deposit within the company’s Tuckanarra project, located in the Meekatharra-Cue belt of Western Australia.

Odyssey Gold encountered the visible gold in diamond drillhole TCKDD003 at 249m downhole (215m vertical depth), which was drilled beneath a recent gold intersection achieved in reverse circulation (RC) drill hole TKRC0014.

Odyssey Gold initially mobilised a RC rig to the Bottle Dump deposit in March, where mineralisation was minimally tested down dip and along strike from the existing pit.

Diamond drilling commenced in the eastern extension of the Bottle Dump pit in late April, with the first hole targeting 40m below RC hole TCKRC0014, which had returned intercepts of:

TKRC0014
13 metres at 3.9 grams per tonne gold from 190m, including 5m at 8.9g/t gold from 198m.

Other results from the RC drilling included:

TKRC0004
16m at 2.3g/t gold from 100m, including 8m at 4.1g/t gold from 100m.

“The impressive visible gold intersected at Bottle Dump confirms the strong potential of the Bottle Dump trend to host high-grade gold mineralisation,” Odyssey Gold executive director Matt Syme said in the company’s ASX announcement.

“The visible gold in TCKDD0003 and the 13 metres at 3.9 grams per tonne in TKRC0014 have extended known gold mineralisation over 100 metres to the east of the Bottle Dump pit.

“The potential extent of the Bottle Dump trend is up to three kilometres and the known gold mineralisation is open to the east and west and at depth.

“Odyssey has consolidated some of the best gold exploration ground in the Western Australian Goldfields and we are looking forward to applying modern exploration techniques to uncover the area’s outstanding potential.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@odysseygold.com.au

 

Web: www.odysseygold.com.au