Shallow Oxide Results Outside Existing Mineral Resource
| Stock | Odyssey Gold Ltd (ODY.ASX) |
|---|---|
| Release Time | 22 Jan 2026, 9:33 a.m. |
| Price Sensitive | Yes |
Shallow Oxide Results Outside Existing Mineral Resource
- Further outstanding results from recently completed RC and diamond drilling at Tuckanarra Gold Project
- Drilling has extended the Cable West Hanging Wall structure outside the existing Mineral Resource
- Diamond drilling confirmed strike extension of Cable East mineralisation 70m below the existing Resource
Odyssey Gold Limited (ASX:ODY) has reported further outstanding results from the recently completed reverse circulation ('RC') and diamond ('DD') drilling program at the Company's Tuckanarra Gold Project in the Murchison Region of Western Australia. The final 9 holes of the shallow RC campaign, mostly west of the Cable structures, successfully intersected 23 intervals of mineralisation, typically associated with quartz veining or oxide enrichment of gold. The RC drilling has extended the recently identified Cable West Hanging Wall structure, which sits outside the existing Mineral Resource, but within the A$5,000/oz Cable Pit design. Significant results include 8m @ 3.4g/t Au from 63m, 7m @ 2.8g/t Au from 31m, and 5m @ 3.7g/t Au from 17m. Additionally, a diamond tail hole extension below the Bollard Pit confirmed the strike extension of Cable East mineralisation 70m below the existing Resource, intersecting 2m @ 4.1g/t Au from 326m. The Company stated that the drilling at Bollard extends the mineralisation well outside the existing resource envelope and again demonstrates the utility of EM surveying to identify blind mineralisation at Tuckanarra.
The Company plans to undertake further work, including metallurgical testwork, geological interpretation to contribute to an updated Mineral Resource Estimate, and an RC drilling program to test potential extensions to the Mineral Resource Estimate, such as the Cable West Hanging Wall structure to the south, laterite to the west of the Cable, and around previous high-grade RC results.