Odyssey Gold shines a light on emerging trend at Tuckanarra

• Odyssey Gold finds new mineralised vein structure in the hanging wall at Tuckanarra
• The structure is now defined over 300m with 150m from current RC drilling
• Further drilling will test the extensive potential of the Trilby-Anchor structures over 1km of strike and below multiple historical workings

Special report: Odyssey Gold has identified a new mineralised vein in the hanging wall at the Tuckanarra gold project in WA’s Murchison gold fields, only about 50m northwest of a 123,000oz resource.

This resource in the Cable Pit area forms part of the Tuckunurra’s global resource of 5.14Mt at 2.5g/t for 407,000oz.  

An additional 11 holes were reported from recently completed RC drilling around the Cable Pit. Three of those holes intersected the new structure delivering 20m at 7.1g/t Au from 47m, 7m at 2.0g/t from 36m and 11m at 0.7g/t from 34m.

A further hole previously reported in this program  also intersected the hanging wall vein (7m at 2.2g/t from 15m). The new structure is now defined over 300m, comprising 150m of strike from current RC drilling and a further 150m from previous campaigns (including 5m @ 4.6g/t from 49m and 8m @ O.7g/t from 20m).

Odyssey Gold (ASX:ODY) says the upper part of the hanging wall structure falls partly within the pit optimisations generated as part of the Mining Technical Study underway and previously modelled as ‘un-mineralised’.

A similar zone of multiple mineralised veins stretches over 1km, running parallel to and just west of the current Cable-Bollard-Highway deposits.

Historical shallow underground mining of these veins at Anchor and Trilby between 1897 and 1908 produced 6,032oz from 7,230t of ore, coming from veins up to 200m west and 600m north of the Cable Pit.

This area has seen very limited drilling, so it’s likely that additional vein structures will be discovered as further angled drilling tests the Cable West structure at depth.

Infill drilling at Cable also continues to deliver results typical of the high-grade, high-nugget mineralisation previously seen within the deposit.

Some of the other standout intercepts from the 11 holes include 22m at 2.8g/t Au from 6m, 9m at 4.7g/t from 44m and 15m at 2.3g/t from 38m.

Listen: Odyssey’s Matt Syme on exploration upside and a march to production

Further drilling following promising results

ODY executive director Matt Syme said “an exciting result to the west of the existing resource highlighted the potential to find additional shallow resources within the existing optimisations and grow the mineralisation footprint west into the hanging wall towards the historical Trilby mine.

“Further drilling will test the extensive potential of the Trilby-Anchor structures over 1km of strike and below the multiple historical workings,” he said.

The RC drill rig has now been demobilised while assay results are being completed, compiled and reviewed.

So far, only partial results have been received for some holes.

Odyssey is now planning a further RC drilling campaign to:

• Complete additional infill drilling at the main resource areas – Highway, Bollard, Cable and Maybelle – to support estimation of indicated resources
• Test the emerging mineralised structures in the Anchor-Trilby area to potentially generate more shallow resources
• Further explore targets beneath existing resources and where previous VTEM targets showed promising results, particularly at Highway, Bollard and CBM

This article was developed in collaboration with Odyssey Gold, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.