Lucky Star Survey Shines - OdysseyODYSSEY RESOURCES LTD ("YOD-V;OSYRF-L") - Lucky Star Survey Shines
Odyssey Resources Ltd. reports that a multi-parameter geophysical survey over the main Lucky Star zone on the company's Lucky Star property has been successfully completed. Several geologically significant anomalies have been identified. The same program of surveys is currently being completed over the Zavikoy copper zone, 12 km to the northeast and at the opposite end of a syn-volcanic basin which hosts both.
This survey was carried out to further resolve and extend volcanogenic massive sulfide ("VMS") mineralization confirmed by diamond drilling, last year, which intersected 19.65 meters (64.5 feet) grading 8.48% zinc, 2.73% lead, and 84.6 grams per tonne silver, including 12.45 meters (41.1 feet) grading 11.88% zinc, 3.71% lead, and 71.96 grams per tonne silver. Distinct contrasts in density and resistivity from mineralized and non-mineralized core samples from this hole provided a firm basis for selecting gravity and electromagnetics for the surveys, conducted by Allan Spector and Associates Limited and Quantec Geosciences Ltd., respectively.
The survey over the Lucky Star zone has clearly delineated and extended the area of known and potential VMS mineralization. More importantly, the location, distribution, and interpreted depth and of the anomalies corroborate the company's interpretive geological model, based on previous geological mapping and diamond drilling.
A northwest-trending gravity anomaly defines the mapped syn-volcanic growth fault, which likely acted as a feeder zone for VMS and later epithermal mineralization; this is the zone within which previous drilling intersected zinc-lead-silver massive sulfide mineralization. To the northeast and down slope into the interpreted syn-volcanic basin, there are four coincident gravity and electromagnetic anomalies, which based on surface geology and geophysics may have originally been contiguous.
Among the targets defined by the survey, Dr. Spector has written: "Anomaly D is probably the most prospective geophysical feature identified from the survey. The egg-shaped 300 to 400 meter wide high density zone is a 2 milligal feature that originates at a depth of about 150 meters. It is virtually coincident with a pronounced channel 18 LPTEM [electromagnetic] conductor. A channel 13 conductor is located on its eastern flank. Anomaly E is located on the northern edge of the survey area and is only partly defined. The anomaly is prominent, at least 1.5 milligals in amplitude and originates at a depth of just over 100 meters. A channel 13 LPTEM conductor is coincident with feature E. A 500 nanotesla magnetic zone flanks the gravity anomaly. Anomalies A and B, located in the southeastern part of the grid are greater than 1 milligal in amplitude and about 200 meters in diameter. Estimated depth to both features is less than 100 meters. Both are correlated with LPTEM channel 13 conductors. Anomaly A is flanked by an 800 nanotesla magnetic zone."
A map displaying these results will be posted on the company's website.
The Lucky Star property is situated in the Eastern Pontides in northern Turkey and covers over 250 square kilometers, where polymetallic mineralization is found in several locations within a shallow submarine volcanic setting.
Odyssey Resources Limited is a publicly traded minerals exploration company focused on base and precious metals across the Mediterranean region.
Odyssey Resources Limited
D. Cameron Stretch, Investor Relations TEL: (604) 684-6098
INET : www.odysseyresources.com