PriceSensitive

Odyssey Gold (ASX:ODY) reports gold assays at Cable-Bollard and Bottle Dump deposits

ASX News, Materials
ASX:ODY      MCAP $21.12M
20 December 2021 17:02 (AEST)
Odyssey Gold (ASX:ODY) - Visible gold previously intercepted at Bottle Dump.

Source: Odyssey Gold

Odyssey Gold (ODY) has reported gold assays for its West Australian Cable-Bollard and Bottle Dump deposits.

Cable-Bollard was the first step out hole north to previous drilling and extended the known mineralisation by 100 metres. Infill drilling has continued to show the promise of high-grade intercepts at Cable East and Cable West.

The highest-rated results from Cable-Bollard include one metre at 31.9 grams per tonne (g/t) of gold from 104 metres and seven metres at 4.2g/t of gold from 89 metres.

Looking ahead, ODY still has 20 more holes in processing for its Cable-Bollard deposit.

Reverse circulation and diamond drill rigs at Cable-Bollard have been placed on hold for the Christmas break.

“The further extension of mineralisation along strike to the north and high-grade infill intercepts enhance the exciting potential of the Cable-Bollard trend, which now covers 1.6 kilometres of strike, open at depth and at both ends,” Executive Director, Matt Syme said.

Bottle Dump Deposit

Intercepts at Bottle Dump have shown potential for gold mineralisation down dip, down plunge and to the south-east and along the strike to the north-west.

Featured results from Bottle Dump include 3.6 metres at 10g/t of gold from 225 metres and 1.3 metres at 8g/t of gold from 219 metres.

According to the announcement, further drilling at Bottle Dump will be conducted once detailed feild mapping has been completed, the recent high-resolution aeromagnetic survey is processed and the structural analysis is reviewed.

“The Bottle Dump deposit continues to show strong potential, with the mineralisation remaining open to the north-west and down dip and plunge to the south-east,” Mr Syme said.

Odessey shares last traded at 7 cents.

Related News