Odyssey Gold (ASX:ODY) Announces Successful Drilling Results
Odyssey Gold (ASX:ODY) announced the successful results of its recent diamond drilling program at the Highway Zone, confirming gold mineralisation across all four drilled holes. The drilling confirmed the geological model and extended the known mineralisation, providing positive implications for the company’s future exploration efforts.
Drilling Highlights
Notably, all drill holes intersected gold mineralisation at targeted depths, reinforcing the efficacy of electromagnetic (EM) surveys in mapping mineralisation beneath surface cover. Significant results included:
– Hole CBRCD0170: 2.65m at 7.7g/t Au from 166.1m, and 6.05m at 3.3g/t Au from 257.6m.
– Hole CBRCD0172: 0.6m at 17.1g/t Au from 316.8m, among other notable intersections.
These findings expanded the mineralisation footprint along a 270m strike length and indicated that the high-grade mineralisation remains open in both depth and strike directions.
Executive Comments
Director of Odyssey Gold, Matt Syme, remarked, “The success of this program reinforces the strength of our geological model. The integration of EM surveys with conventional drilling methods continues to deliver encouraging results, and we are eager to extend these high-grade shoots further in the New Year.”
Future Outlook
The company plans further drilling in the area to continue to define the extent of the gold shoots at the Highway Zone. With the ongoing exploration and the strategic combination of drilling and EM techniques, Odyssey Gold anticipates significant developments in the upcoming year.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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