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- Odyssey Gold (ODY) has intersected significant visible gold in a maiden diamond drill hole at its Bottle Dump deposit in WA, exceeding the lab’s upper limit
- A diamond hole targeting the eastern extension of the deposit intersected significant gold at around 249 metres, which was immediately submitted for analysis in Perth
- The core was required to be split into three subsamples after the central sub-sample exceeded the lab’s upper detection limit of 12,000g/t gold
- A second calibration method is now being undertaken to determine the value, this time with an increased upper detection limit of 35,000g/t gold
- Odyssey Gold shares are down 20.5 per cent, trading at 15.5 cents
Odyssey Gold (ODY) has intersected significant visible gold in a maiden diamond drill hole at its Bottle Dump deposit, exceeding the lab’s upper limit.
The drill hole targeted the eastern extension of the Bottle Dump deposit in WA and intersected significant visible gold at around 249 metres.
The visible gold is associated with sheared quartz vein contacts and interpreted strong magnetite alteration.
A selected length of core, 28 centimetres long, containing the gold veinlet and nearby disseminated visible gold was immediately submitted for analysis.
To preserve the gold vein and core, which was sent to Perth, the company used the non-destructive PhotonAssay technique.
This technique is a commercially utilised, non-destructive method, which uses high powered x-rays to bombard rock samples and activate atoms of gold and other metals. A highly sensitive detector then picks up the unique atomic signatures from these elements to determine their concentrations.
The core was required to be split into three subsamples. Surprisingly, the central sub-sample exceeded the laboratory upper detection limit of 12,000g/t gold.
A second calibration method is now being undertaken to determine the value, this time with an increased upper detection limit of 35,000g/t gold. Results of this will be announced in due course.
Despite the news, Odyssey Gold shares are down 20.5 per cent, trading at 15.5 cents at 11:24 am AEST.
