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- Odyssey Gold (ODY) reports more high-grade drilling results have been returned from the Bottle Dump deposit, with intercepts including 4 metres at 17.1 g/t gold
- The materials stock intersected the mineralisation in the eastern extension of the deposit, which forms part of the wider Tuckanarra Project in WA
- ODY believes these latest results are related to the recently identified visible gold drilled around 120 metres southeast
- The entire Bottle Dump system remains open along trend and down-dip, with 1000 metres of prospective trend open to the east
- The company is planning to send down hole electromagnetic survey crews to the deposit next week to test for depth extensions to current mineralisation
- Shares in ODY are up 6.67 per cent at 16 cents each
Odyssey Gold (ODY) reports more high-grade drilling results have been returned from its Bottle Dump deposit, including a 17.1 g/t gold intercept.
The materials stock intersected the mineralisation in the eastern extension of Bottle Dump, which forms part of the wider Tuckanarra Project in WA.
Best results include 24 metres at 4.5g/t gold from 179 metres including 4 metres at 17.1 g/t gold located 40 metres down-dip from 8 metres at 8.3g/t gold from 156 metres including 4 metres at 15.5 g/t gold.
ODY believes these latest results are related to the recently identified visible gold drilled around 120 metres southeast.
The entire Bottle Dump system remains open along trend and down-dip with 1000 metres of prospective trend open to the east.
The company has completed 30 reverse circulation drill holes at Bottle Dump for a total of 5894 metres, followed by three diamond holes totaling 925 metres.
Its now planning to send down hole electromagnetic survey crews to the deposit next week to test for depth extensions to current mineralisation.
“This is a very positive outcome as we continue to encounter high-grade gold mineralisation at Bottle Dump,” Executive Director Matt Syme said about the recent high-grade results.
“Odyssey Gold has in a very short time since listing repeatedly confirmed the potential for high-grade mineralisation at the Tuckanarra and Stakewell Projects.
The recent successful placement now provides us with sufficient funding to expedite and expand our exploration programs.”
Company shares are trading up 6.67 per cent at 16 cents each at 11:55 am AEST.
