ASX ANNOUNCEMENT
7 December 2021
For personal use only
UNEARTHING THE POTENTIAL OF THE TUCKANARRA GOLDFIELDS
Odyssey Gold Limited (ASX:ODY) ("Odyssey" or "Company") is pleased to release a Presentation (attached) describing the compelling exploration potential of the Company's very prospective Tuckanarra Goldfields Project.
Since acquisition, the Company has successfully embarked on two rounds of drilling, as well as data compilation and review, detailed mapping, soil sampling, high-resolution aerial topography, photography and geophysical surveys.
Based on this work, we have implemented an ongoing program of target generation and prioritisation. The current pipeline of over 25 targets ranges from generative, conceptual targets up to pre-resource deposits currently undergoing infill and extensional drill programs.
Odyssey has an exciting and demanding exploration outlook to test, understand and advance these targets and also generate additional targets on its very prospective ground holding.
For further information, please contact:
Matt Syme
Executive Director: +61 8 9322 6322
UNEARTHING THE POTENTIAL OF THE
onlyuse | TUCKANARRA GOLDFIELDS |
ersonal |
DECEMBER 2021
1
Odyssey Controls the Historic Tuckanarra Goldfields
▪ Part of the prolific Murchison Goldfields, host to a +35Moz gold endowment.
only | |
▪ | Historical high-grade production centre. |
▪ | Very little modern, systematic exploration. |
use | |
▪ | Proximal to multiple gold processing plants, straddling the |
Great Northern Highway. | |
ersonal | |
▪ | 25 high quality exploration targets, ranging from resource |
drilling stage to untested, with more emerging.
2
Very Fertile Gold Belt - Historical Exploration has only Scratched the Surface
only | |||
85km of BIF & | |||
metasedimentary sequences: | |||
▪ | 24% has known gold | ||
mineralisation; | |||
▪ | 76% is untested. | ||
use | |||
ersonal | |||
5 open pits mined in the 1990's | |||
- t | rgeting shallow, oxide ore. |
- 101,378oz @ 3.9g/t produced.
3
8km of unexplored greenstones - never drilled.
Exploration History
▪ Initial discovery by Boyle and Moore, in 1887.
▪ Tuckanarra State | Battery was built in 1898 and | |
operated for over 10 years. | ||
▪ | Mining focused | on high-grade quartz veins, |
ge erally limited to the depth of the water table. | ||
only▪ D rmant until late 1980's, when Metana Minerals | ||
NL (principally) explored and mined for oxide ore | ||
for the nearby Reedy's mill. | ||
use | ||
▪ | Exploration focused on shallow drilling around the |
historical workings.
▪ Excavated 5 shallow pits (~50-60mdepth) for ersonal101.4koz at an average grade of 3.9g/t.
▪ Pursued a high-grade shoot at Kohinoor in three stages of mining (OP & UG) to 200m depth for 29.3koz @ 5.5g/t.
4
Ruins of Tuckanarra State Battery.
Abundance of historical prospector workings. Maybelle pit in the background.
Lucknow
Workings
4
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Odyssey Energy Limited published this content on 06 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2021 23:01:04 UTC.