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- Odyssey Gold (ODY) announces a maiden MRE for its Tuckanarra gold project in the heart of the Murchison Goldfields in WA
- The MRE totals 5.32Mt at 2.2 g/t of gold for 376,000 ounces
- It was based on more than 82,000 metres of drilling completed over the last 18 months
- The reported MRE represents a small portion of the project, highlighting the “clear potential” for substantial MRE growth through near-resource and regional drilling
- Shares are up four per cent, trading at 2.6 cents at 12:04 pm AEST
Odyssey Gold (ODY) has announced a maiden mineral resource estimate (MRE) for its Tuckanarra gold project in the heart of the Murchison Goldfields in Western Australia.
The MRE totals 5.32 million tonnes (Mt) at 2.2 grams per tonne (g/t) of gold for 376,000 ounces.
The MRE was based on 5212 metres of aircore drilling, 15,780 metres of diamond drilling and more than 60,000 metres of RC drilling over the course of the last 18 months.
ODY Managing Director Matt Briggs said the company was “pleased” to deliver the “significant milestone”.
“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,” he said.
The announced MRE represents only a small portion of Tuckanarra, highlighting the “clear potential” for substantial MRE growth through near-resource and regional drilling.
ODY shares were up four per cent, trading at 2.6 cents at 12:04 pm AEST.
