You On Demand Holdings Inc CBBD

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[wildcatr]

The following article on Odyssey Resources Limited was posted on Minesite.com on August 28, 2001 https://www.minesite.com/archives/news_archive/2001/Aug-2001/odyssey19.htm News Odyssey Expects Great Things From Its Drilling Programme In Turkey. It is easy to understand why Australians prefer to invest in mining projects in Australia and Canadians in North America. If they get unduly worried about progress they can get hold of the company's directors with ease and, if necessary, go and see things for themselves. Just the same with European investors. It only takes just over 2 hours to fly from London down to the Iberian pyrite belt in Spain, under three hours to Sofia to see Navan and Hereward in Bulgaria and not much more than four hours to Turkey where there is growing activity among the juniors as well as the bigger boys such as Noranda and Teck Cominco. This is why Minews suggested a short time ago that Anatolia Minerals, a Canadian junior, should come and show itself off to investors in London. This company has a number of projects with considerable potential in Turkey and virtually all of them are in joint venture with the UK major, Rio Tinto. Now we have come across another Canadian junior, Odyssey Resources, which also looks as if it has an exciting future on a mineralised belt in the East Pontides to the north. The Goodmans, well known as financiers in Canada, are in the background, but the company is still capitalised at less than £2 million so promotion must have been minimal. Odyssey is just starting to drill its Lucky Star property which was explored for sulphur by the Turkish Geological Survey (MTA) back in the 80s. Some widespread intersections of zinc, copper, lead and silver were obtained, but no follow-up work was done, presumably because the MTA did not find economic amounts of the sulphur it was seeking. More recently Odyssey has carried out a comprehensive exploration programme and drill targets have been identified on two prominent volcanogenic massive sulphide prospects at each end of a 12-kilometre long basin-like feature. The property covers 250 sq kilometres of shallow submarine volcanic rocks and derived sediments. Large polymetallic deposits have been found in similar geologic settings elsewhere in the world and Odyssey sees similarities with two Canadian deposits - the Flin Flon district with over 64.5 million tonnes with an average grade of 4.25% zinc, 2.31% copper, 46g/t silver and 3.04 g/t gold and Buchans deposit of 16 million tonnes with an average grade of 14.88% zinc, 7.7% lead, 1.36% copper, 127 g/t silver, and 1.54 g/t gold The main Lucky Star prospect is at the western end of the property and was drill tested by Odyssey in 1999. A 55 metre thick mineralised zone was intersected which averaged 4.43% zinc, 1.49% lead, and 51.20 grams per tonne silver. Within this main zone, however, there was a higher grade intersection over 12.45 metres grading 11.88% zinc, 3.71% lead, and 71.96 g/t silver. The other target, Zavikoy, is over 10 kms to the northeast and it has a history of copper and silver mining, but no record of drilling apart from a little by the MTA which intersected low grade copper stockwork mineralization over 20 metres in thickness and of unknown extent, toward the top of an altered, felsic submarine volcanic sequence. If the results come up as expected the directors of Odyssey reckon that they may have found a new mining district as additional mineral occurrences have been found elsewhere across the property, including some with epithermal gold, and copper-gold porphyry characteristics. It is encouraging also that Cominco owns a large property nearby, and within the same sequence of rocks, which is said to host a resource in excess of a million ozs gold. Watch out for Odyssey's upcoming drill results. 28 August 2001 Previous Page | Home | News | Brokers | Features | Companies | Join Us | Distributed with permission from the author

[inthemarket]

Thanks for the link, Wildcatr. It looks there are more and more sites that show write-ups about Odyssey's property. I am quite anxious to see the results from the first hole. If it is anywhere in the range of last year's results I think YOD could climb the Eiffel Tower. Ha, ha.