Announcement Date: 2021-12-20
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Odyssey Gold Ltd.
Project name: Tuckanarra
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 3.6m @ 10.0g/t Au from 225m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Odyssey Gold Limited (ASX:ODY) (“Odyssey” or “Company”) is pleased to announce further highgrade gold intercepts at both Cable-Bollard and the Bottle Dump deposit. The Company has received a number of assays from Cable-Bollard drilling. Industry-wide issues with assaying mean the results are somewhat out of sequence and the Company has 20 holes still in the process of logging, sampling, and assay. Hole TCKRC0122 is the first step-out hole drilled 100m north of the previous extent of mineralisation at Cable-Bollard. It encountered 8m @ 0.9g/t (4m composites) and is interpreted to be the Cable West mineralisation. This encouraging result demonstrates that the Cable-Bollard trend continues to be goldendowed to the north, where there appears to be a further 400m of similar lithologies, as indicated by historical mapping. The Cable-Bollard trend comprises multiple parallel mineralised structures made up of banded iron formation (BIF) units, sheared quartz veins in mafic intrusives and metavolcanics, and highly silicified ultramafics resembling BIF’s, with consistent gold mineralisation occasionally interrupted by barren cross cutting felsic dykes. Mineralisation is open to the south, as well as at depth, and along the full mineralised strike.
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