Odyssey Resources Ltd V.ODX.H

Lab Results Running Slow

[llccman]

Here's what CEO Avrom Howard said in the recent interview on Resource Investor: (Note the comment about lab results being backed up.) "RESOURCE INVESTOR: Regarding Turkey, your last press release said that the drilling rig is back up and running at Tavsan. Can you give us an overview of what you are looking for there, a sense of the timing for the drilling program in Turkey, and is it 100 drill holes? AVROM HOWARD: Yes, it’s 100 plus or minus. First of all as far as the rig is concerned I was out there a week and a half ago and I had the owners of the drilling company come out to the property because we weren’t really satisfied with the rate at which the drilling was proceeding. And of course that is compounded by the fact that there is just so much going on right now that all of the labs are overloaded with samples. What would normally be a one-week turn around can take up to three weeks. So, we came to the consensus at the time that the best thing to do would be to shut down the rig for a week, take it back to Ankara and get it fixed up and get it back out in the field drilling. That’s what we announced in the press release. About a week later though, the drilling company decided they could bring some gear out from their warehouse and actually fix the rig out on the property. So there was really no more than a half a day to a day’s lull and then they got going again, and now they are doing a good three holes a day instead of about one and a half before. So that’s moving along quite nicely now." https://www.resourceinvestor.com/pebble.asp?relid=19708 That article was on the 12th, and the interview was a little before that. We know that drilling had begun before then also. If it takes about 3 weeks for lab results to come in then it shouldn't be all that much longer until we see some of the first holes IMO. More importantly, at least in my way of looking at it, is what Howard said in another portion of the interview about the satellite deposits between the Main zone and the End zone possibly being a syn-mineral or feeder fault, potentially adding a previously overlooked Pinson-style vertical dimension to the deposit. I think that adds a little blue sky sizzle to the Tavsan story. They won't know for sure until they understand the geology a little better (which the current drilling will undoubtedly help) and drill to test the deeper targets, but I like the idea that there is the potential for a hosting structure at depth underneath the known surface deposit. Just the known surface deposits are very likely economic, but having a shot at a deeper and potentially richer source deposit ... well, it would be nice to have some currently inexpensive Odyssey "tickets" if they ended up hitting such a deposit with a drill later on this year.