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- Odyssey Gold (ODY) gets additional “excellent” drill results from the Highway Zone within the Tuckanarra project in WA
- One of the holes returned a result of six metres at 13.8 g/t gold and confirmed an emerging high-grade shoot and continuous mineralisation that runs for 250 metres of strike
- The company says the results further demonstrate the broad width of mineralisation at the Highway Zone which appears to be a distinct structure of the Cable-Bollard Trend
- Further drilling is planned at the project and samples for over 6000 metres of drilling are at the lab for assaying
- ODY shares are up 2.56 per cent and trading at four cents at 3:17 pm AEST
Odyssey Gold (ODY) has received “excellent” assays from five holes drilled at the Tuckanarra project in Western Australia.
The company has once again intersected the Highway Zone, with two reverse circulation (RC) drill holes confirming the interpreted north-northeasterly strike and producing the widest zone of mineralisation to date.
From one of these two holes, Odyssey hit results of five metres at 3.8 grams per tonne (g/t) gold from 170 metres and 11 metres at 7.8 g/t gold from 199 metres. This second intersection included a six-metre zone at 13.8 g/t gold.
This six-metre intersection is reportedly adjacent to previous high-grade results of 12 metres at 9.1 g/t gold and six metres at 9.3 g/t gold. Odyssey said this drill hole confirmed an emerging high-grade shoot and continuous mineralisation that ran for 250 metres of strike.
From the other hole, Odyssey intersected eight metres at 1.2 g/t gold from 40 metres and six metres at 1.2 g/t gold from 80 metres.
The company’s recent drilling has focused on defining high-grade shoots extending below the Bollard and Cable pits and extending mineralisation to the north and to the east at the Highway Zone.
Managing Director Matt Briggs said these RC results continued to demonstrate the broad width of mineralisation at the Highway Zone.
“The Highway Zone appears to be a regional structure and distinct from the two-kilometre-long Cable-Bollard Trend,” Mr Briggs said.
“This further opens the potential to extend the mineralisation at the Highway Zone to the south, as well as north.”
Odyssey also received assays from the first three RC holes at Anchor South, with a highlighted intercept of four metres at 3.9 g/t gold from 24 metres.
Drilling at Anchor South has reportedly confirmed the continuation of parallel veins to 200 metres south of previous mining.
Looking ahead, the company plans to undertake further drilling at the Highway Zone to extend the mineralisation towards the northeast. Odyssey said several of its recently drilled holes require extensions based on the revised strike of mineralisation.
ODY shares were up 2.56 per cent and trading at four cents at 3:17 pm AEST.
