- Odyssey Gold (ODY) receives the final results from its maiden drill program at the Tuckanarra Project in Western Australia
- All up, eight reverse circulation holes were drilled across the Anchor and Maybelle prospects to provide more geological information
- Overall, notable grades peaked at 6.2g/t gold from Anchor and 3.9g/t gold from Maybelle
- Phase two drilling is set to be undertaken at both prospects to test for extensions to the mineralisation
- Odyssey has ended the day 1.15 per cent in the green with shares trading at 8.8 cents
Odyssey Gold (ODY) has received the final results from its maiden drill program at the Tuckanarra Project in Western Australia.
Drilling has now wrapped up with 9567 meters of reverse circulation (RC) and 985 metres of diamond core drilling undertaken across the Anchor and Maybelle prospects.
Results have been received for all holes with a few one-metre splits pending.
Anchor
Previous work at the Anchor Prospect returned a number of shallow, high-grade intercepts below or around historical workings with a best result of four metres at 15.3 grams of gold per tonne (g/t) from 32 metres.
Five RC holes, for 712 metres, were drilled to provide more geological information about the prospect and test the potential for depth and strike extensions.
Results have been received and analysed with four of the five holes intersecting gold mineralisation.
Best new results include eight metres at 6.2g/t gold from 60 metres, four metres at 3.1g/t gold from 64 metres; and four metres at 2g/t gold from 60 metres.
Phase two drilling will now be undertaken to target the known mineralisation that remains open at depth, the north and the south.
Mapping, magnetic surveys and soil geochemistry is already underway.
Maybelle
The Maybelle Prospect forms part of a banded iron formation (BIF) sequence that has been measured over a 1.5-kilometre strike.
Previous drilling has reach no more than a 60 metre depth and has not thoroughly tested the BIF sequence.
However, it did show that mineralisation remains open at depth and along strike.
Odyssey drilled three RC holes, for 378 metres, to provide more geological information and test the continuity and tenor of the BIF sequence.
Best results include eight metres at 3.9g/t gold from 80 metres, four metres at 1g/t gold from 84 metres and four metres at 0.4g/t gold from 108 metres.
Phase two drilling will aim to improve the geological understanding of the BIF sequence and extend the mineralisation the the depth and south.
Magnetic surveys, mapping and soil geochemistry will also possibly be undertaken.
Executive Director Matt Syme called these results encouraging and was looking forward to the phase two drilling.
“These encouraging drill results at Anchor and Maybelle bring to a close a very successful initial drilling campaign at Tuckanarra,” Mr Syme said.
“We are looking forward to the phase two drill program continuing to unlock our exciting exploration potential.”
Odyssey has ended the day 1.15 per cent in the green with shares trading at 8.8 cents in a $53.27 million market cap.