• Viewed 10,240 times by 3014 users (Last 30 days)
  • print Created with Sketch. Print
ODY 3.45% 9.0¢

ODYSSEY GOLD LTD - Corporate Spotlight

Odyssey Gold Ltd., formerly Odyssey Energy Limited is an Australia-based gold exploration... Odyssey Gold Ltd., formerly Odyssey Energy Limited is an Australia-based gold exploration company. The Company is focused on gold projects in the Murchison Goldfields. The Company’s gold projects include The Tuckanarra and Stakewell Gold Projects. The Gold projects are located on the Great Northern Highway between Cue and Meekatharra. The projects provide with approximately 30 kilometers of strike of fertile banded iron formation and greenstones, with gold mining.More

Recently Updated

Corporate Spotlight

Odyssey Gold's (ODY) share price has leapt 83 per cent after the company encountered a "significant" visible gold from its Bottle Dump deposit. The find emerged from the company's maiden diamond drill hole targeting the eastern extension of Bottle Dump deposit, situated within its Tucknarra project
View the full Corporate Spotlight arrow Created with Sketch.

ODY DRILL RESULTS SPUR FURTHER DRILLING

ODY RECEIVES FINAL RESULTS F/ TUCKANARRA

arrow-down-2 Created with Sketch.

Odyssey Gold (ASX:ODY) receives final results from Tuckanarra

Mining

ASX:ODY
Challenger Exploration (ASX:CEL) reports high grade gold recoveries at Hualilan Gold Project

  • Odyssey Gold (ODY) receives the final results from its maiden drill program at the Tuckanarra Project in Western Australia
  • All up, eight reverse circulation holes were drilled across the Anchor and Maybelle prospects to provide more geological information
  • Overall, notable grades peaked at 6.2g/t gold from Anchor and 3.9g/t gold from Maybelle
  • Phase two drilling is set to be undertaken at both prospects to test for extensions to the mineralisation

Odyssey Gold (ODY) has received the final results from its maiden drill program at the Tuckanarra Project in Western Australia.


Drilling has now wrapped up with 9567 meters of reverse circulation (RC) and 985 metres of diamond core drilling undertaken across the Anchor and Maybelle prospects.


Results have been received for all holes with a few one-metre splits pending.


Anchor


Previous work at the Anchor Prospect returned a number of shallow, high-grade intercepts below or around historical workings with a best result of four metres at 15.3 grams of gold per tonne (g/t) from 32 metres.


Five RC holes, for 712 metres, were drilled to provide more geological information about the prospect and test the potential for depth and strike extensions.


Results have been received and analysed with four of the five holes intersecting gold mineralisation.


Best new results include eight metres at 6.2g/t gold from 60 metres, four metres at 3.1g/t gold from 64 metres; and four metres at 2g/t gold from 60 metres.


Phase two drilling will now be undertaken to target the known mineralisation that remains open at depth, the north and the south.


Mapping, magnetic surveys and soil geochemistry is already underway.


Maybelle


The Maybelle Prospect forms part of a banded iron formation (BIF) sequence that has been measured over a 1.5-kilometre strike.


Previous drilling has reach no more than a 60 metre depth and has not thoroughly tested the BIF sequence.


However, it did show that mineralisation remains open at depth and along strike.


Odyssey drilled three RC holes, for 378 metres, to provide more geological information and test the continuity and tenor of the BIF sequence.


Best results include eight metres at 3.9g/t gold from 80 metres, four metres at 1g/t gold from 84 metres and four metres at 0.4g/t gold from 108 metres.


Phase two drilling will aim to improve the geological understanding of the BIF sequence and extend the mineralisation the the depth and south.


Magnetic surveys, mapping and soil geochemistry will also possibly be undertaken.


Executive Director Matt Syme called these results encouraging and was looking forward to the phase two drilling.


"These encouraging drill results at Anchor and Maybelle bring to a close a very successful initial drilling campaign at Tuckanarra," Mr Syme said.


"We are looking forward to the phase two drill program continuing to unlock our exciting exploration potential."


Read the Full Article on The Market Herald here

ODY IDENTIFIES NEW MINERALISED TREND

arrow-down-2 Created with Sketch.

Odyssey Gold (ASX:ODY) identifies new mineralised trend at Tuckanarra

Mining

ASX:ODY
21 July 2021 08:21 (AEST)
Odyssey Energy (ASX:ODY) completes WA gold project purchase
Source: Odyssey Gold

  • Odyssey Gold (ODY) gets last batch of results from drilling at the Cable and Bollard deposits which are part of the Tuckanarra Project in Western Australia
  • All seven holes intercepted gold mineralisation and returned very high grades which peak at 34.2g/t gold over four metres
  • Odyssey believes these results indicate there's two banded iron formations (BIFs) that host gold mineralisation between the Cable and Bollard pits
  • The gold company plans to conduct phase two drilling to follow up on these results and the parallel BIF trends

Odyssey Gold (ODY) has received encouraging results from drilling at the Cable and Bollard deposits within the Tuckanarra Project in Western Australia.


The company completed a maiden drilling program at the project in late May. This program focused on the Bottle Dump, Cable and Bollard deposits and targeted down-plunge and extensional areas along trend of existing mineralisation.


Today's results account for the final seven out of 17 holes drilled along the Cable-Bollard trend.


Positively for the company, all seven holes intercepted gold mineralisation and returned very high grades.


Best assays include 16 metres at 10 grams of gold per tonne (g/t) from 112 metres including four metres at 34.2g/t gold from 112 metres, nine metres at 2.2g/t gold from 117 metres and eight metres at 4.4g/t gold from eight metres.


Odyssey believes these results demonstrate the presence of two discrete banded iron formations (BIFs) that host significant gold mineralisation between the Cable and Bollard pits.


Executive Director, Matt Syme, commented on the results.


"These highly encouraging results further strengthen the compelling potential of the Cable-Bollard Trend at Odyssey’s Tuckanarra Project. The potential strike of two or more parallel BIFs between Cable and Bollard is over 700 metres, a similar scale to the Bottle Dump deposit across the highway."


Both BIF units remain open to the north and south, and at depth.


Odyssey Gold plans to conduct phase two drilling to follow up on these results and the parallel BIF trends.


Read the Full Article on The Market Herald here

ODY DRILL RESULTS SPUR FURTHER DRILLING

arrow-down-2 Created with Sketch.

Odyssey Gold’s (ASX:ODY) drill results spur further drilling at Tuckanarra

Materials

ASX:ODY
Odyssey Gold (ASX:ODY) - Visible gold previously intercepted at Bottle Dump. - The Market Herald
Visible gold previously intercepted at Bottle Dump.
Source: Odyssey Gold

  • Odyssey Gold (ODY) intercepts gold mineralisation following drilling at the Tuckanarra Project in the Murchison Goldfields in WA
  • Ten of 11 assay results received intercepted gold mineralisation, with the first diamond drill hole at Bottle Dump returning intercepts including 2.3 metres at more than 600 grams of gold per tonne (g/t)
  • Additionally, the trend between the Cable and Bollard Prospect is being developed for potential shallow, open-pittable mineralisation
  • A further 18 holes are pending assays from the maiden drill program

Odyssey Gold (ODY) has intercepted gold mineralisation following drilling at the Tuckanarra Project in the Murchison Goldfields in WA.


The company received assays from a further 11 holes following the completion of its initial drill campaign. Of these 11 holes, ten intercepted gold mineralisation.

The first diamond hole at Bottle Dump displayed a visible gold core, with best intercepts including 2.3 metres at more than 600 grams of gold per tonne (g/t), including 0.28 metres at greater than 4,560g/t gold from 248.7 metres.

This has been averaged over the 2.3 metre interval of sheared quartz veining which showed minor specks of visible gold in the two metre down-hole region from the visible gold veinlet.


Additionally, the company said the trend between the Cable and Bollard Prospect was being developed to chase potential shallow, open-pittable mineralisation.


This was spurred by prior drilling which intercepted two separate banded-iron formation units, with results including 6 metres at 1.5g/t gold from 114 metres and 24 metres at 1.1g/t gold from 132 metres. The trend remains open along dip and strike.  


Altogether, Odyssey has drilled 17 holes for 2,642 metres along the Cable and Bollard Trend, with assays pending for eight holes.


ODY Executive Director, Matt Syme said: “The emergence of the Cable-Bollard Trend is beginning to offer some compelling additional targets with resource potential.

“While we await final assay results, we are actively incorporating what we know into planning the next phase of exploration.”


The company said a further 18 holes had pending assays from the maiden drill program.


Now that preliminary pad preparations have now been completed, the company plans to restart drilling activities, with drill rigs expended to be mobilised over the in coming weeks.


Read the Full Article on The Market Herald here

MORE HIGH-GRADE GOLD AT ODY'S DEPOSIT

arrow-down-2 Created with Sketch.

More high-grade gold found at Odyssey’s (ASX:ODY) Bottle Dump deposit

Mining

ASX:ODY
Visible gold find sends Odyssey Gold shares soaring (ASX:ODY)
Source: Odyssey Gold

  • Odyssey Gold (ODY) reports more high-grade drilling results have been returned from the Bottle Dump deposit, with intercepts including 4 metres at 17.1 g/t gold
  • The materials stock intersected the mineralisation in the eastern extension of the deposit, which forms part of the wider Tuckanarra Project in WA
  • ODY believes these latest results are related to the recently identified visible gold drilled around 120 metres southeast
  • The entire Bottle Dump system remains open along trend and down-dip, with 1000 metres of prospective trend open to the east
  • The company is planning to send down hole electromagnetic survey crews to the deposit next week to test for depth extensions to current mineralisation

Odyssey Gold (ODY) reports more high-grade drilling results have been returned from its Bottle Dump deposit, including a 17.1 g/t gold intercept.


The materials stock intersected the mineralisation in the eastern extension of Bottle Dump, which forms part of the wider Tuckanarra Project in WA.


Best results include 24 metres at 4.5g/t gold from 179 metres including 4 metres at 17.1 g/t gold located 40 metres down-dip from 8 metres at 8.3g/t gold from 156 metres including 4 metres at 15.5 g/t gold.


ODY believes these latest results are related to the recently identified visible gold drilled around 120 metres southeast.


The entire Bottle Dump system remains open along trend and down-dip with 1000 metres of prospective trend open to the east.


The company has completed 30 reverse circulation drill holes at Bottle Dump for a total of 5894 metres, followed by three diamond holes totaling 925 metres.


Its now planning to send down hole electromagnetic survey crews to the deposit next week to test for depth extensions to current mineralisation.


"This is a very positive outcome as we continue to encounter high-grade gold mineralisation at Bottle Dump," Executive Director Matt Syme said about the recent high-grade results.


"Odyssey Gold has in a very short time since listing repeatedly confirmed the potential for high-grade mineralisation at the Tuckanarra and Stakewell Projects.


The recent successful placement now provides us with sufficient funding to expedite and expand our exploration programs."


Read the Full Article on The Market Herald here

ODY TO RAISE $15M FOR EXPLORATION IN WA

arrow-down-2 Created with Sketch.

Odyssey Gold (ASX:ODY) to raise $15M for exploration in WA

Mining

ASX:ODY
Odyssey Energy (ASX:ODY) completes WA gold project purchase
Source: Odyssey Gold

  • Odyssey Gold (ODY) is set to raise up to $15 million through a placement and share purchase plan
  • Under the placement, the company will issue 79.8 million shares at 12.5 cents per share to institutional and sophisticated investors to raise $10 million
  • The issue price represents a 7 per cent discount to the last closing price of 13.5 cents on May 26
  • The other $5 million will be raised through a share purchase plan to give eligible shareholders the chance to subscribe for up to $30,000 worth of shares
  • The money will be used for drilling and exploration at the Tuckanarra and Stakewell gold projects in WA

Odyssey Gold (ODY) is set to raise up to $15 million through a placement and share purchase plan.


The company received commitments from institutional and sophisticated investors to subscribe for 79.8 million new ordinary shares at a price of 12.5 cents per share to raise $10 million.


The issue price represents a 7 per cent discount to the last closing price of 13.5 cents on May 26.


In addition, Odyssey will launch a share purchase plan to raise another $5 million. Eligible shareholders will be given the opportunity to subscribe for up to $30,000 worth of new shares at the same issue price as the placement.


The company has the right to accept oversubscriptions or to reject and scale back applications under the share purchase plan.


Odyssey plans to use $15 million to fund exploration and development of its Tuckanarra and Stakewell gold projects in WA.


Specifically, the miner will conduct further exploration drilling, resource development drilling, as well as technical and metallurgical studies.


"We are pleased with the strong support received for this placement from existing and new investors. It reflects the exciting exploration potential of our two outstanding gold projects in the Murchison Goldfields," Executive Director Matt Syme said.


"We also appreciate the enthusiastic support of our existing shareholders and welcome them to participate through the SPP," he added.


The share purchase plan will be open from June 3 until June 24.


Read the Full Article on The Market Herald here

ODY ENDS WEEK IN TRADING HALT

arrow-down-2 Created with Sketch.

Odyssey Gold (ASX:ODY) ends week in trading halt

ASX:ODY
APM proposes to purchase 100pc of Konekt shares

  • Odyssey Gold (ODY) has ended the week in a trading halt pending an upcoming capital raising
  • The company will remain in the halt until June 1 or when more details are released, whichever occurs first
  • On May 26, Odyssey revealed it had struck more visible gold at its Stakewell tenements in Western Australia
  • The gold was identified at the newly discovered Blue Gino Prospect, which has never been drilled by previous explorers
  • Additional exploration efforts are now being accelerated to develop drill targets for future drilling programs

Odyssey Gold (ODY) has ended the week in a trading halt pending an upcoming capital raising.


The company will remain in the halt until June 1 or when more details are released, whichever occurs first.


Odyssey is yet to disclose how much it intends to raise or what it will use the funds for.


On May 26, Odyssey revealed it had struck more visible gold at its Stakewell tenements in Western Australia.


The gold was identified at the newly discovered Blue Gino Prospect, which has never been drilled by previous explorers due to shallow cover.


The gold was identified in near-surface quartz veining and is also believed to be associated with one to two per cent pyrrhotite sulphide.


Additional exploration efforts are now being accelerated to develop drill targets for future drilling programs.


Odyssey also revealed it has successfully completed its maiden drilling program at the Bottle Dump Prospect, which has already identified initial visible gold.


Results are pending and planning for the next phase of drilling is already well-advanced.


Read the Full Article on The Market Herald here

ODY STRIKES MORE VISIBLE GOLD

arrow-down-2 Created with Sketch.

Odyssey Gold (ASX:ODY) strikes more visible gold in newly discovered prospect

Materials

ASX:ODY
Odyssey Energy (ASX:ODY) completes WA gold project purchase
The Murchison Gold Projects, which contain the Tuckanarra and Stakewell projects. Source: Odyssey

  • Odyssey Gold (ODY) has struck more visible gold at a newly discovered prospect within its Stakewell tenements in Western Australia
  • The discovery was unearthed from the Blue Gino Prospect, which the ASX-lister affirms has never been identified or drilled by previous explorers
  • According to ODY, the gold mineralisation was identified in near-surface quartz veining with the mineralisation said to be associated with one to two per cent pyrrhotite sulphides within a vein system extending for approximately 300 metres
  • On the back of the find, Odyssey has flagged plans for further exploration efforts to pin down drill targets for another round of drilling
  • The discovery comes as the explorer wraps up a combined 63-hole drilling campaign within its neighbouring Tuckanarra project, which also yielded a visible gold find

Odyssey Gold (ODY) has struck more visible gold at a newly discovered prospect within its Stakewell tenements in Western Australia.


The discovery was made at the Blue Gino Prospect, which Odyssey affirms has never been identified or drilled by previous explorers due to shallow cover obscuring the quartz vein.


Specifically, gold mineralisation has been identified in near-surface quartz veining and the mineralisation is said to be associated with one to two per cent pyrrhotite sulphides within a vein system extending for approximately 300 metres.


Odyssey said additional exploration efforts are being fast-tracked as a result of the find, with the aim of developing drill targets for the next round of drilling.


Visible gold / Source: Odyssey Gold (ASX:ODY)


The find comes as the explorer wraps up a combined 63-hole maiden reverse circulation and diamond drill effort at the neighbouring Bottle Dump prospect within its Tuckanarra site, which notably yielded its initial visible gold find earlier this month.


Multiple further assays are pending and planning for the next phase of drilling is said to be well-advanced according to ODY.


Odyssey Gold's Executive Director Matt Syme said the find highlights the exploration potential of Stakewell and Tuckanarra.


"We are very pleased with results to date from our initial exploration campaign, with significant results already at Bottle Dump and new results at Blue Gino and also Cable," he commented.


"We are looking forward to receiving the remaining assay results and the re-mobilisation of the drill rigs to continue unlocking this exciting exploration potential," he concluded.


Read the Full Article on The Market Herald here

ODY ASSAY RESULTS EXCEED LAB LIMITS

arrow-down-2 Created with Sketch.

Odyssey Gold’s (ASX:ODY) assay results exceed laboratory limits

Materials

ASX:ODY
Visible gold find sends Odyssey Gold shares soaring (ASX:ODY)
Source: Odyssey Gold

  • Odyssey Gold (ODY) has intersected significant visible gold in a maiden diamond drill hole at its Bottle Dump deposit in WA, exceeding the lab’s upper limit
  • A diamond hole targeting the eastern extension of the deposit intersected significant gold at around 249 metres, which was immediately submitted for analysis in Perth
  • The core was required to be split into three subsamples after the central sub-sample exceeded the lab's upper detection limit of 12,000g/t gold
  • A second calibration method is now being undertaken to determine the value, this time with an increased upper detection limit of 35,000g/t gold

Odyssey Gold (ODY) has intersected significant visible gold in a maiden diamond drill hole at its Bottle Dump deposit, exceeding the lab’s upper limit.  


The drill hole targeted the eastern extension of the Bottle Dump deposit in WA and intersected significant visible gold at around 249 metres.


The visible gold is associated with sheared quartz vein contacts and interpreted strong magnetite alteration.

A selected length of core, 28 centimetres long, containing the gold veinlet and nearby disseminated visible gold was immediately submitted for analysis.


To preserve the gold vein and core, which was sent to Perth, the company used the non-destructive PhotonAssay technique.

This technique is a commercially utilised, non-destructive method, which uses high powered x-rays to bombard rock samples and activate atoms of gold and other metals. A highly sensitive detector then picks up the unique atomic signatures from these elements to determine their concentrations.


The core was required to be split into three subsamples. Surprisingly, the central sub-sample exceeded the laboratory upper detection limit of 12,000g/t gold.


A second calibration method is now being undertaken to determine the value, this time with an increased upper detection limit of 35,000g/t gold. Results of this will be announced in due course.


Read the Full Article on The Market Herald here

GOLD FIND SENDS ODY SHARES SOARING

arrow-down-2 Created with Sketch.

Visible gold find sends Odyssey Gold shares soaring (ASX:ODY)

ASX News, Materials

ASX:ODY
Visible gold find sends Odyssey Gold shares soaring (ASX:ODY)
Source: Odyssey Gold

  • Odyssey Gold's (ODY) share price has leapt 83 per cent after the company encountered a "significant" visible gold from its Bottle Dump deposit
  • The find emerged from the company's maiden diamond drill hole targeting the eastern extension of Bottle Dump deposit within its Tucknarra project in WA
  • The drill intercepted significant visible gold at around 249 metres and approximately 200 metres vertical depth, with several small specks of gold near vain contacts at roughly 250 metres downhole
  • The core has been sent to Perth for immediate assaying, according to ODY


Odyssey Gold's (ODY) share price has leapt 83 per cent after the company encountered a "significant" visible gold from its Bottle Dump deposit.


The find emerged from the company's maiden diamond drill hole targeting the eastern extension of Bottle Dump deposit, situated within its Tucknarra project in Western Australia.


Diamond drilling commenced in the eastern extension of the Bottle Dump pit in late April with the first hole looking to target 40 metres beneath the reverse circulation hole.


This drill intercepted significant visible gold at around 249 metres and approximately 200 metres vertical depth. Additionally, Odyssey affirms there are several small specks of gold near vein contacts at approximately 250 metres downhole.


Further to this, other step-out drills managed to intercept 13 metres at 3.9g/t from 190 metres, including five metres at 8.9g/t gold from 198 metres, 16 metres at 2.3g/t from 100 metres including eight metres at 4.1g/t gold from 100 metres.


It is also said to mark the first ever drilling in the untested area with visible gold mineralisation associated with the nearby basal quartz vein system.


The core has been sent to Perth for immediate assaying, according to ODY.


"The impressive visible gold intersected at Bottle Dump confirms the strong potential of the Bottle Dump trend to host high-grade gold mineralisation," Odyssey Gold Executive Director Matt Syme commented.


"The visible gold in TCKDD0003 and the 13 metres at 3.9g/t in TKRC0014 have extended known gold mineralisation over 100 metres to the east of the Bottle Dump pit," he added.


Read the Full Article on The Market Herald here

VIDEOS

arrow-down-2 Created with Sketch.

(ASX:ODY) drill results spur further drilling at Tuckanarra



Odyssey Gold (ASX:ODY) to raise $15M for exploration in WA



Visible gold find sends Odyssey Gold shares soaring (ASX:ODY)


(20min delay)
Last
9.0¢
Change
0.003(3.45%)
Mkt cap ! $55.10M
Open High Low Value Volume
8.8¢ 9.2¢ 8.5¢ $134.0K 1.507M

Buyers (Bids)

No. Vol. Price($)
1 497667 9.0¢
 

Sellers (Offers)

Price($) Vol. No.
9.2¢ 175939 2
View Market Depth
Last trade - 16.10pm 30/07/2021 (20 minute delay) ?
(live)
Last
8.6¢
  Change
0.003 ( 2.27 %)
Open High Low Volume
8.6¢ 8.6¢ 8.6¢ 13679
Last updated 12.00pm 30/07/2021 (live) ?
ODY (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.