Join our daily newsletter At The Bell to receive exclusive market insights
- Odyssey Gold (ODY) identifies visible gold at the Bollard Pit within the Tuckanarra Project in the Murchison Region of Western Australia
- The visible gold was identified in hole CBDD0010 which also intersected quartz veins with galena, pyrrhotite and chalcopyrite from 128.6 metres to 140.7 metres
- Additionally, at least 25 specks of gold were identified and drilling has now been planned along strike and up dip
- Initial reverse circulation (RC) drilling has also been completed on the Disney Trend with quartz veining and banded iron formations observed in both holes
- Odyssey is up 4.62 per cent on the market with shares trading at 6.8 cents
Odyssey Gold (ODY) has identified visible gold at the Bollard Pit within the Tuckanarra Project in the Murchison Region of Western Australia.
The visible gold was identified in hole CBDD0010 which also intersected quartz veins with galena, pyrrhotite and chalcopyrite from 128.6 metres to 140.7 metres.
Additionally, at least 25 specks of gold were identified and drilling has now been planned along strike and up dip.
Initial reverse circulation (RC) drilling has also been completed on the Disney Trend which is a 1.5-kilometre-long soil anomaly with grades peaking at 420 parts per billion (ppb) gold.
Seven lines of rotary air blast drilling were completed in 1994 with a best result of one metre at 18.6g/t gold from seven metres encountered.
Recent assaying has supported this result with 20.08g/t gold and 15g/t gold returned from the same interval.
Odyssey has drilled two RC holes to the west of the rotary air blast line with quartz veining and banded iron formations observed in both holes.
“The intersection of significant visible gold at the targeted position below the Bollard Pit demonstrates gold mineralisation in veining continues to a depth of over 150 metres,” Managing Director Matt Briggs said.
“The existing pit mined in the 1990s targeted laterite and oxide mineralisation to a maximum of 30 metres.”
“The RC and diamond drill program underway is continuing to grow the trend to the south.”
Odyssey was up 4.62 per cent on the market with shares trading at 6.8 cents at 12:24pm AEST.
