- Odyssey Gold (ODY) confirms shallow oxide mineralisation at its Tuckanarra gold project in the Murchison Goldfields of Western Australia
- The company says assay results from 24 reverse circulation drillholes completed across the Maybelle and Lucknow trends demonstrates the mineralisation continues at depth
- At Maybelle, drilling has confirmed the plunge continuity of a 100-metre long shoot 280 metres to the north which remains open
- Further drilling is planned up plunge and to the north and the company expects extensions to the mineralisation will be included in a future resource estimate
- Odyssey shares are up 4.44 per cent trading at 4.7 cents at market close
Odyssey Gold (ODY) has confirmed shallow oxide mineralisation at its Tuckanarra gold project in the Murchison Goldfields of Western Australia.
The company has received assay results from 24 reverse circulation drill holes completed across both the Maybelle and Lucknow trends.
In addition to shallow mineralisation, the results have also demonstrated the mineralisation continues at depth.
At Maybelle, drilling returned a seven-metre intersection grading 4.5 grams of gold per tonne (g/t) from 112 metres downhole, including two metres at 10 g/t gold from 113 metres.
This follows on from a previous intersection of four metres at 53.9 g/t gold from 124 metres at Maybelle.
Odyssey said the recent results confirm the plunge continuity of a 100-metre long shoot, 280 metres to the north and remaining open.
Further drilling is planned up plunge and to the north and Odyssey expects extensions to the mineralisation will be included in a future resource estimate.
Around 400 metres east of Maybelle, at the Lucknow trend, drilling returned a nine-metre intersection grading 1.6 g/t gold from 141 metres downhole.
Managing Director Matt Briggs said the company’s drilling strategy is continuing to highlight the “potential scale” and “high-grade” nature of ODY’s portfolio, with the latest assays further complementing previously reported high-grade intersections.
Odyssey shares were up 4.44 per cent trading at 4.7 cents at market close.