Odyssey Gold Limited (ASX:ODY) has commenced a reverse circulation (RC) drilling programme into the high-grade mineralised shoot at Highway Zone on the company’s Tuckanarra Project in Western Australia.
Highlights
• RC drilling has commenced at the Highway Zone, with first samples already delivered to the laboratory for assay
• Initial 19-hole, 2,300m RC drilling program – first stage of a 7,800m multi-phase infill and extension drilling program progressing to a maiden open pit resource
• Previous RC drilling has identified a significant mineralised shoot at the Highway Zone
• Substantial scale already defined and open along strike and down dip
o Previous high-grade results include:
▪ 84m @ 2.5g/t Au (CBRC0055)
▪ 12m @ 6.5g/t Au (TCKRC0100)
▪ 11m @ 7.8g/t Au (CBRC0056)
“We are pleased to have drilling back underway at the promising Highway Zone discovery, with the results of sampling keenly awaited,” Managing Director, Matt Briggs, said.
“The current drilling is the first component of a +7,000m multi-phase program aimed at delivering a maiden Mineral Resource estimate in accordance with the JORC Code (2012 Edition).
“The RC drill chips from the 11 holes completed so far in the current program meshow the veining, sulphide and stratigraphy expected to be intersected in the target position increasing our confidence.
“Highway Zone shapes as an exciting opportunity for Odyssey with clear open-cut and underground mining potential in a district containing 7.5Mtpa of processing capacity. Results to date have been exceptional with >3g/t Au across +10m wide intervals.
“The strike length, thickness and grade of mineralisation have the potential to generate the ounces per vertical metre required to support underground mining.
“We enter this next phase of drilling with a high degree of confidence and excitement, and we look forward to providing regular updates on progress.”
Highway Zone
Odyssey’s Tuckanarra Project is part of the prolific Murchison Goldfields in WA.
The Murchison Goldfields are host to a +35Moz gold endowment (historic production plus current resources) with 7.5Mtpa of processing capacity within 120km of the Tuckanarra Project.
Odyssey’s 2022 RC drilling campaign has identified a mineralised shoot with significant scale potential. The first hole at the Highway Zone was drilled in late 2021 with a result of 7m @ 2.5g/t Au, 14m @ 1.9g/t and 5m @ 2.2g/t Au in TCKRC0101iv at the Highway Zone.
Subsequent drilling in 2022 has defined a 10-20m true width structure with a 300m long mineralised shoot.
The emerging high-grade shoot with several > 50 gram metres demonstrates strong underground potential. Extensive shallow oxide mineralisation also supports potential open pit development – intersections starting at 9m below surface and up to 84m wide in oxide.
For further information please visit: https://odysseygold.com.au/
