Announcement Date: 2022-05-11
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Odyssey Gold Ltd.
Project name: Tuckanarra
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 44m @ 1.8g/t Au from 156m
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 progress results from the Tuckanarra Project. Previous mining at Cable-Bollard in the 1990’s produced 52.9koz Au at an average grade of 3.4g/t Au from shallow oxide pits (refer ASX announcement dated 27 Nov 2020). Odyssey has demonstrated the potential to grow the system, with mineralisation now extending for over 1.6km of strike and to a vertical depth of over 160m. 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. Recent drilling by Odyssey has focussed on defining high grade shoots extending below the Bollard and Cable Pits, along with extending the system to the north and to the east at the Highway Zone.
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