Odyssey on journey to update Tuckanarra

Odyssey Gold (ASX:ODY) has posted an updated Mineral Resource Estimate (MRE) of 407,000 at 2.5 grams per tonne gold at its Tuckanarra Gold Project in Western Australia. 

The $22.47 million market capitalisation company says the new MRE is a 12% increase in the MRE gold grade to 2.5g/t Au, compared to the August 2023 grade of 2.2g/t Au. 

The total Tuckanarra MRE now stands at 5.14 million tonnes. 

The new MRE incorporates a new MRE for the Highway Zone based on results from an additional 540m of diamond drilling in November 2023, which itself includes an inferred resource of 790,000 tonnes at 3.8g/t Au for 97,000 ounces. 

Highway Zone MRE ounces have increased by 48% including a new underground resource of 65,000 ounces at 5.8g/t Au, which remains open down plunge. 

The updated MRE for Highway Zone was prepared by independent consultants Snowden Optiro in accordance with JORC Code 2012 edition. 

Director Matthew Briggs says: “This resource upgrade demonstrates the potential for continued growth of shallow oxide resources and also the addition of high-grade underground mineralisation. 

We have increased our overall resource grade to 2.5g/t gold, and the maiden underground resource for the Highway Zone contains a substantial 65koz at 5.8g/t gold. This underground resource grade is double the grade of underground resources being mined nearby. 

Targeted drilling at Highway Zone highlights the predictability of the high-grade shoot and 150m of strike. Additional drilling is planned to delineate continuing extensions of the resource along strike and at depth. 

Odyssey will continue to systematically unlock the value and true potential of this asset through further targeted drilling programs as we aim to build on this very solid foundation.”  

The Tuckanarra Project is part of the prolific Murchison Goldfields, which is home to a plus 35 million gold endowment with 7.5 million tonnes per annum of processing capacity within 120m of the project. 

Odyssey Gold is a Western Australia gold explorer focused on ‘high-grade’ gold projects.

Write to Adam Drought at Mining.com.au

Images: Odyssey Gold 
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.