Odyssey strikes significant visible gold at Bottle Dump
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Before we start a rush of people bearing metal detectors to local dumps, we need to point out that Bottle Dump is an Odyssey Gold Limited deposit in Western Australian Goldfields region.
In its first diamond drill hole targeting the untested eastern extension of Bottle Dump, Odyssey (ASX:ODY) has intersected significant visible gold in a 70m step-out at a depth of 215m.
Samples have been sent to Perth for immediate assaying, with Odyssey’s executive director Matt Syme saying the impressive visible gold intersected at Bottle Dump confirmed the strong potential of the project to host high-grade gold mineralisation.
“Odyssey has consolidated some of the best gold exploration ground in the Western Australian Goldfields and we are looking forward to applying modern exploration techniques to uncover the area’s outstanding potential,” Syme said.
“The visible gold in (drill hole) TCKDD0003 and the 13m at 3.9g/t in (drill hole) TKRC0014 have extended known gold mineralisation over 100m to the east of the Bottle Dump pit.
“The potential extent of the Bottle Dump trend is up to 3km and the known gold mineralisation is open to the east and west and at depth.”
Odyssey has further holes planned in the eastern extension of the Tuckanarra Project as it continues to test the down plunge and lateral extensions.
Significant mineralisation has also been intersected in other step-out drill holes at the Tuckanarra project including a 13m interval of 3.9 grams of gold per tonne (g/t) at a depth of 190m including a 5m interval of 9g/t gold from 198m.
For context, anything over 5g/t is considered high grade and at today’s gold price even anything as low as 1-2g/t can be profitable for miners.