en.Wedoany.com Reported - Odyssey Gold is advancing the development of the Tuckanarra project in Australia, with the latest Cable drilling confirming high-grade extensions below and around the existing resource, supporting the view that the high-grade structure extends beneath the previously mined area.
Since mid-March, the campaign has drilled over 190 RC and diamond holes, totaling more than 15,000 meters. Cable is the largest open-pit resource at Tuckanarra, currently standing at 1.69 million tonnes at 2.3 g/t gold, containing 123,000 ounces, included within the larger Tuckanarra resource (5.14 million tonnes at 2.5 g/t gold, containing 407,000 ounces).
Executive Director Matt Syme stated that Cable is rapidly becoming the core of the Tuckanarra development strategy, with recent drilling and interpretation deepening the understanding of the broader Cable-Bollard-Highway mineralized system and other targets.
Drill hole CBRC0323 intersected 5 meters at 15.6 g/t gold from 136 meters, including 2 meters at 36.2 g/t, located approximately 50 meters below the conceptual Cable pit. Other intersections include drill hole CBRC0309, which intersected 7 meters at 4.6 g/t gold from 60 meters, including 2 meters at 11.4 g/t. Drill hole CBRC0329 intersected 1 meter at 20.8 g/t gold from 21 meters and ended in mineralization. Drill hole CBRC0313 intersected 8 meters at 2.2 g/t gold from 72 meters, also ending in mineralization. Drill hole CBRC0318 intersected 7 meters at 2.3 g/t gold from 75 meters, drill hole CBRC0326 intersected 7 meters at 2.3 g/t gold from 51 meters, and drill hole CBRC0338 intersected 8 meters at 2.1 g/t gold from 112 meters.
Recent drilling and interpretation have delineated multiple parallel mineralized structures, including the historic Trilby stope and Cable West Hanging Wall, neither of which had been included in the resource model previously. The company stated that these results confirm geological continuity, highlighting resource growth potential, with the veins remaining open along strike and at depth.
The Cable-Bollard-Highway corridor extends over 2.3 kilometers and remains open in multiple directions. Recent drilling, geophysics, and historical data highlight several priority targets along and near the corridor. Odyssey plans to test these opportunities in the second half of 2026, aiming to demonstrate that the current 407,000-ounce resource is only part of a larger Tuckanarra opportunity.
Odyssey will release an updated Cable resource estimate and a first-phase scoping study in the coming days, while advancing its expanded 20,000-meter drilling program. Subsequent drilling will target further resource growth, with development studies covering mine design, geotechnical engineering, hydrogeology, and metallurgical work. The company announced in May that it had reached an agreement to process up to 750,000 tonnes of gold-bearing ore at the Kirkalocka processing plant, owned by private mining company Gylden Resources, in 2027, paving the way for the Tuckanarra 80-20 joint venture to commence production.
