- Odyssey Gold’s (ODY) share price has leapt 83 per cent after the company encountered “significant” visible gold from its Bottle Dump deposit
- The find emerged from the company’s maiden diamond drill hole targeting the eastern extension of Bottle Dump deposit within its Tucknarra project in WA
- The drill intercepted significant visible gold at around 249 metres and approximately 200 metres vertical depth, with several small specks of gold near vain contacts at roughly 250 metres downhole
- The core has been sent to Perth for immediate assaying, according to ODY
- Odyssey Gold shares are up 76.1 per cent on the back of the announcement, trading at 12.5 cents
Odyssey Gold’s (ODY) share price has leapt 83 per cent after the company encountered “significant” visible gold from its Bottle Dump deposit.
The find emerged from the company’s maiden diamond drill hole targeting the eastern extension of Bottle Dump deposit, situated within its Tucknarra project in Western Australia.
Diamond drilling commenced in the eastern extension of the Bottle Dump pit in late April with the first hole looking to target 40 metres beneath the reverse circulation hole.
This drill intercepted significant visible gold at around 249 metres and approximately 200 metres vertical depth. Additionally, Odyssey affirms there are several small specks of gold near vein contacts at approximately 250 metres downhole.
Further to this, other step-out drills managed to intercept 13 metres at 3.9g/t from 190 metres, including five metres at 8.9g/t gold from 198 metres, 16 metres at 2.3g/t from 100 metres including eight metres at 4.1g/t gold from 100 metres.
It is also said to mark the first ever drilling in the untested area with visible gold mineralisation associated with the nearby basal quartz vein system.
The core has been sent to Perth for immediate assaying, according to ODY.
“The impressive visible gold intersected at Bottle Dump confirms the strong potential of the Bottle Dump trend to host high-grade gold mineralisation,” Odyssey Gold Executive Director Matt Syme commented.
“The visible gold in TCKDD0003 and the 13 metres at 3.9g/t in TKRC0014 have extended known gold mineralisation over 100 metres to the east of the Bottle Dump pit,” he added.
Odyssey Gold shares are up 76.1 per cent, trading at 12.5 cents at 11:15 am AEST.