Odyssey Gold Limited (ASX:ODY) (“Odyssey” or “Company”) is pleased to announce results from drilling along the Cable-Bollard trend, part of the Company’s exciting Tuckanarra Gold Project.
HIGHLIGHTS
Phase 2 reverse circulation (“RC”) drilling along the Cable-Bollard trend, which comprised a total of 33 holes for 6,913 metres, is now complete.
New assays results from south of Cable include:
12m @ 9.1g/t Au 28m @ 1.6g/t Au 4m @ 8.6g/t Au 16m @ 3.0g/t Au
from 132m from 80m from 12m from 164m
Previous results from north of Cable include:
4m @ 27.7g/t Au from 196m 20m @ 1.2g/t Au from 132m
Phase 2 drilling has extended the Cable-Bollard trend to over 1,500m, with mineralisation remaining open at depth and along strike in both directions.
Cable-Bollard trend includes multiple parallel mineralised structures comprising banded iron formation (“BIF”) units, sheared quartz veins in mafic intrusives and metavolcanics, and highly silicified ultramafics, with consistent mineralisation occasionally interrupted by cross cutting dykes.
Structurally controlled high grade zones are developing, including the new “Highway” zone where 12m @ 9.1g/t Au was intersected 90m down dip of a historical drill intersection of 20m @ 5.7g/t (TPH0238).
Executive Director, Matt Syme commented:
“We are very pleased with how the potential of the Cable-Bollard trend is emerging. Over 1.5km of strike, open at depth and at both ends and we have also identified some exciting high-grade zones. Not to mention the potential in BIFs and structures that are as yet untested. It is becoming increasingly apparent that the pits at Cable and Bollard were mined just for low hanging fruit in the 1990’s, with no real examination of the broader geology and resource potential. Our results to date demonstrate the developing scale and grade promise both laterally and at depth.”
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