ODY hits Visible Gold in 2 of first 3 holes This is very good news....high grades and substantial mineralized extensions ..
RC DRILLING RECOMMENCES AT THE TUCKANARRA PROJECT WITH VISIBLE GOLD INTERSECTED
Highlights
• A 12-hole reverse circulation (“RC”) drilling program comprising 1,260m is underway at the T8 Target located within the Tuckanarra Project in WA
• Visible gold intersected in 2 of the first 3 holes drilled
• Gold anomalism previously defined over 300m of strike from surface sampling, including
130m of strike from historic drilling including aircore results of:
o 20m@2.4g/tAufrom8mincluding8m@5.0g/tfrom8mi
o 6m@4.0g/tAufrom20mii
• Current drilling should allow rapid addition of open pit resources to the current 5.32Mt @
2.2g/t Au for 376koz Mineral Resource estimate
• Potential 100m strike extension to the east identified in historic surface samples.
• Target T8 is located on a new mining lease granted in July 2023
• Historic production from adjacent Kohinoor deposit reported to be 166kt at 5.5g/t Au for 29koz
• Multiple shallow oxide targets in the area with potential high-grade extensions
Odyssey Gold Limited (ASX:ODY) (“Odyssey” or “Company”) is pleased to announce the commencement of reverse circulation drilling at T8 target located within the Stakewell JV at Odyssey’s Tuckanarra Project in the Murchison Goldfields of Western Australia.
Commenting on this intersection, Director, Matt Briggs said:
“RC drilling has recently commenced with visible gold being observed in 2 of the first 3 holes. The intersection of visible gold in RC drilling demonstrates targeted systematic exploration can continue to add shallow oxide open pit resources.
There are numerous shallow oxide projects and potential underground extensions on the project warranting drilling such as the T8 Target.
“This target has historic RAB, aircore and RC drilling, however this spacing, drill method and orientation of this drilling did not allow for the inclusion of the target in the July 2023 resource.
“Additional data review as part of the resource documentation exposed a line of surface samples with anomalism to the east was identified that was not in the database. These samples suggest a strike extension to the east along with an undrilled parallel structure 500m to the south.”