ODY Drilling Continues to Increase Highway ZoneMore great resukts and still open at strike,.
ASX ANNOUNCEMENT 9 December 2024
Drilling Success Extends Highway Zone
Odyssey Gold (ASX:ODY) (“Odyssey” or “Company”) is pleased to announce results from four diamond drill holes recently completed at the Highway Zone.
HIGHLIGHTS:
• All four holes successfully intersected gold mineralisation at the targeted position, confirming the geological model and extending known Highway Zone mineralisation.
• The gold mineralisation is located adjacent to an electromagnetic (“EM”) anomaly defined in a fixed loop EM (“FLEM”) survey last quarter, demonstrating that EM provides a sound method for indirectly mapping gold mineralisation under cover on the Project.
• Results include:
Hole CBRCD0170
• 2.65m @ 7.7g/t Au from 166.1m (hanging wall)
• 6.05m @ 3.3g/t Au from 257.6m
Hole CBRCD0172
• 0.6m @ 17.1g/t Au from 316.8m (hanging wall)
• 3.0m @ 2.4g/t Au from 330m
• 2.25m @ 3.3g/t Au from 335m
• 6.0m @ 1.2g/t Au from 342m
• All holes intersected mineralisation outside of the existing Highway Zone resource of 0.79Mt @ 3.8g/t Au.
• The drilling successfully intersected mineralisation along 270m of strike of the mineralisation. The high-grade shoot is confirmed to be focused on the hinge of the regional anticline and remains open at depth and along strike.
Odyssey Director, Matt Syme, said:
“The Company has now successfully intersected mineralisation in fresh rock for 270m of strike at the Highway Zone. Mineralisation at Highway (and Bollard) remains open at depth and along strike. The robust geological model in combination with EM surveys is providing an effective approach to define gold mineralisation and we look forward to further drilling to extend the high-grade shoots in the New Year.”
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