Open Pittable Opportunity Developing In WA
Odyssey Gold Limited (ASX:ODY) continues to obtain drilling results from the Tuckanarra Project, in the Murchison Goldfields, Western Australia.
Assays have been received for a further 11 holes from the recently completed initial drill campaign, 10 of which intercepted gold mineralisation.
Final assays have been received for the first diamond hole at the Bottle Dump prospect. The visible gold core resulted in a significant intercept of 2.3m @ >600g/t Au (including 0.28m @ >4,560g/t Au) from 248.7m.
This has been averaged over the 2.3m interval of sheared quartz veining/BIF which additionally showed minor specks of visible gold in the 2m down-hole region from the visible gold veinlet.
The company believes that the Bottle Dump East system has strong potential to host significant gold mineralisation due to its unique structural setting in the region – with east-southeast (ESE) trending BIF sequences being subparallel to interpreted ESE trending major shears. The recent high-grade results and visible gold in TCKDD0003, in conjunction with earlier results from up-dip hole TCKRC0014 (13m @ 3.9g/t Au) and holes TCKRC0021 (24m @ 4.5g/t Au) and TCKRC0022 (8m @ 8.3g/t Au) support this thesis.
Meanwhile, Executive Director, Matt Syme, says the trend between the Cable and Bollard prospects is developing to have the potential to host shallow, open-pittable mineralisation, with the drilling results to date intercepting two separate Banded-Iron Formation (BIF) units (eastern and western) which are open along dip and strike:
o The western unit has been intersected in TCKRC0040 with 6m @ 1.5g/t Au from 114m and 24m @ 1.1g/t Au from 132m.
o This western unit is untested previously for 160m to the north (12m @ 2.7g/t Au from 107m in TRC0147) and remains open to the south, and at depth.
o The eastern unit has been intersected in hole TCKRC0039 with 7m @ 4.8g/t Au from 105m; mineralisation is open along strike and at depth.
o Further assays are pending from eight holes across the two trends, which have demonstrated similar geological responses (BIF +> 10% quartz veining).
A further 18 holes are pending assays from the maiden drill programme.
Preliminary pad preparations have now been completed with planning well advanced for mobilisation of drill rigs in coming weeks.
“Ongoing results from our maiden drill programme continue to enhance our understanding of the outstanding potential at Tuckanarra and Stakewell,” Mr Syme said.
“The emergence of the Cable-Bollard Trend is beginning to offer some compelling additional targets with resource potential.
“While we await final assay results, we are actively incorporating what we know into planning the next phase of exploration.”
For further information please visit: https://odysseygold.com.au/
