- Odyssey Gold (ODY) strikes wide gold intersections at the Highway Zone target within its Tuckanarra project in WA’s Murchison Goldfields region
- The results include an “outstanding” intersection of 84 metres at 2.5 g/t gold from 25 metres, including a higher grade of 4.6 g/t gold over 15 metres
- Managing Director Matt Briggs says the widths and thickness of the new intersections show there’s strong potential for open pit and underground mining at the Highway Zone
- Odyssey is waiting on assays from another three holes drilled into the southern extension of the zone, which remains open to the south and east
- Company shares are up 9.09 per cent to trade at 4.8 cents at 11:40 am AEST
Reverse circulation drilling at Odyssey Gold’s (ODY) Highway Zone target has returned several wide gold intersections.
The Highway Zone target is part of the Tuckanarra project in WA’s Murchison Goldfields region and was first identified through drilling in late 2021.
This previous drilling returned results of seven metres at 2.5 grams per tonne (g/t) gold and 14 metres at 1.9 g/t gold, which the company said highlighted the potential for significant growth to the east of the Bollard pit.
Since then, drilling has extended mineralisation to 480 metres from the Bollard pit.
Today’s results returned an “outstanding” intersection, according to the company, of 84 metres at 2.5 g/t gold from 25 metres.
Further results from this reverse circulation (RC) drill hole include 15 metres at 4.6 g/t gold and 30 metres at 3.3 g/t gold from 79 metres.
Additionally, the company received shallow RC results in oxide of 44 metres at 0.6 g/t gold from 32 metres, including eight metres at 1.2 g/t gold from 64 metres.
“The holes announced today are the first holes targeted to intersect the mineralisation in the oxide,” Managing Director Matt Briggs said.
“Across the Tuckanarra project, the mineralised structures show significant supergene enrichment where thick intersections are created at the base of oxide. This is now being repeated at the Highway Zone.
“With the widths and thickness of intersections, the Highway Zone is showing strong potential for open pit and underground mining.”
Odyssey is still waiting on assays from another three holes drilled into the southern extension of the Highway Zone, which remains open to the south and east.
Company shares were up 9.09 per cent to trade at 4.8 cents at 11:40 am AEST.