공고 • Feb 22
Odyssey Gold Limited Commences Drilling High-Grade Gold Targets
Odyssey Gold Limited announced the commencement of the Company's maiden drill program at its high-grade gold projects, Tuckanarra and Stakewell, in the Murchison Goldfields. This maiden drill program, which comprises over 12,000m of reverse circulation ("RC") and diamond core drilling across both Projects, is designed to test a number of high priority targets at both Tuckanarra and Stakewell. Odyssey controls a highly prospective footprint in the Meekatharra-Cue belt, with over 30km of strike of highly fertile BIF and greenstones, with extensive gold mining history and outstanding exploration potential. Both the Tuckanarra and Stakewell projects have a number of strong drill targets based on previous shallow mining and drilling, which demonstrate high-grade mineralisation continuing at depth and/or along strike. The Company is utilising modern exploration techniques and deeper drilling to target mineralization along trend, and down plunge of known deposits. These techniques are similar to what was adopted and assisted in the recent successes of Musgrave Minerals Limited, Bellevue Gold Limited and Spectrum Metals Limited. Gold mineralisation at the Stakewell Project is hosted within quartz veins, quartz reef and porphyry. It is structurally and metasomatically controlled and is associated with a series of plunging shoots contained within a BIF host, enclosed within the mafic sequence. The lode system is dominated by fine to medium grained quartz-pyrite-pyrrhotite schist. Accessory minerals include chlorite, hornblende, biotite, epidote, chalcopyrite and haematite. Supergene enrichment is a pronounced feature of the gold camp. The Tuckanarra Project area has four open pits, extensive minor gold workings, and prospecting pits principally associated with quartz veins and the mafic and BIF units. Where mineralised veins intersect major competency contrasts such as high magnesium basalt or BIF, veining becomes layer parallel to lithology, resulting in larger deposits such as the Bollard and Cable deposits. A number of styles of gold mineralisation have been identified in the area including mineralised BIFs ± quartz veining, quartz veins ± altered basalts, and gold mineralisation within laterite. TARGETING: As part of Odyssey's exploration strategy, ongoing comprehensive work programs aimed at developing targeting profiles for the Tuckanarra and Stakewell projects have led to the identification of a number of high-priority targets to be tested in the Company's maiden drill program. The targets are the outcome of the continued review and confirmation of the database. This has included the re-logging, re-mapping and re-assaying of historical drill core and samples, and the review of historical reports, which led to the discovery of a significant amount of additional data and drill intercepts. FIRST PHASE DRILL PROGRAM: The maiden drill program will include over 10,000m of RC and 2,000m of diamond drilling, targeting a mix of near-mine and brownfields targets at both the Tuckanarra and Stakewell projects. At Tuckanarra, the drilling will focus on testing a combination of high-grade trend and extensional targets at the Bottle Dump, Cable, Maybelle, Anchor, and Lucknow deposits. At Stakewell, RC drilling will target near-pit, sub-parallel repeats of the main Kohinoor BIF's and be used for pre-collars for deeper diamond drilling. The diamond drilling will target the Kohinoor-deeps high-grade trend, as well as the deeper extents of the Bushmans EM plate.