Odyssey Gold Limited (ASX:ODY) has obtained “outstanding” results from the last five holes at its recently completed reverse circulation (RC) drilling programme at the Highway Zone within the company’s Tuckanarra JV Project in Western Australia.
Highlights
o Outstanding results from the last five holes at the Highway Zone, with more thick oxide gold mineralization intersected, including:
o 33m @ 3.4 g/t Au from 73m including 9m @ 6.4g/t Au from 74m
o 23m @ 1.0g/t Au from 41m including 6m @ 2.2 g/t Au fromn42m
o Oxide mineralization remains open to the east with drilling planned to recommence early
in the January quarter
o High grade results down plunge continue to demonstrate significant underground development potential including:
o 2m @ 12.1g/t Au from 103m (CBRC0139)
o 4m @ 6.0g/t Au from 122m (CBRC0149)
o Diamond drilling planned for early 2023 to test the scale of the underground potential
down plunge of these results
o Clear expansion potential confirmed with a single hole testing a conceptual target intersecting high grade oxide mineralisation 80m in the hanging wall of the Highway Zone:
o 13m @ 3.5g/t Au from 45m including 6m @ 6.3g/t Au from 52m
o Odyssey is undertaking a 7,800m multiphase resource infill and extension RC drilling programme to prove up the thick oxide mineralisation and extend the existing 300m strike
“The results of the recent RC programme are exceptional,” Managing Director, Matt Briggs, said.
“Drilling continues to deliver consistent thick shallow oxide mineralisation, with grade improving (>5g/t Au) at depth highlighting the potential for underground mining and a significantly larger scale project.
“Additionally, a hole drilled 80m in the hanging wall has intersected high grade oxide mineralisation, opening up the potential of a parallel structure to the south of the Highway Zone which is very encouraging as we progress towards follow-up drilling early in 2023.
“These results provide us with a tremendous foundation and put us in a good position to rapidly define the mineralisation to the east and down plunge in the new year.”
Future Work
Three phases of drilling are planned at the Highway Zone:
The recently completed 21-hole programme targeting the structure in the oxide zone to add
shallow mineralisation to support open pit evaluation;
The second phase of drilling will test parallel structures and extend the Highway Zone along strike, in particular, to the northeast towards the encouraging rotary air blast (RAB), rock chip and soil samples; and
The third phase of drilling will grow >5g/t Au mineralisation down dip to demonstrate the scale of underground mining potential. Underground mines in the area extend to over one km depth. The deepest intersection at the Highway Zone intersected the structure ~180m below surface. The structure is open down dip.
For further information please visit: https://odysseygold.com.au/
