en.Wedoany.com Reported - Odyssey Gold Ltd (ASX:ODY) has confirmed a new shallow high-grade gold discovery at the Shackle target within the Tuckanarra Gold Project in Western Australia, while further drilling at Bollard has also increased confidence in the continuity of mineralized veins beneath the historical open pit.
The initial reverse circulation drilling at Shackle intersected mineralization in all three completed holes, with a standout intercept of 3 meters at 16.1 g/t gold from 55 meters depth. Other results include 4 meters at 5.3 g/t gold from 31 meters depth, and 3 meters at 1.7 g/t gold from 44 meters depth.
Shackle is located on a parallel structure approximately 500 meters north-northwest of the Cable deposit, with historical workings over a strike length of about 80 meters. The latest drilling tested beneath these workings, confirming a high-grade vein beneath the shallow historical mining area. Mineralization remains open along strike and at depth, with follow-up drilling planned to test its scale, continuity, and plunge direction. This result supports the strategy of systematically re-evaluating lightly drilled historical workings in the Tuckanarra area, where early mining was typically limited to shallow oxide mineralization above the water table.
At Bollard, new results confirm the continuity of high-grade plunging veins beneath and adjacent to the historical pit. Key intercepts include: 15 meters at 3.9 g/t gold from 102 meters depth; 6 meters at 3.4 g/t gold from 77 meters depth; 9 meters at 2.9 g/t gold from 35 meters depth; and 8 meters at 2.4 g/t gold from 126 meters depth. Drilling has now established continuity over approximately 140 meters of strike between recent and previously reported high-grade intercepts. The vein remains open along strike and at depth, while a lightly drilled gap between Bollard and Cable has been identified as a priority target. A revised mineral resource estimate for Bollard will incorporate these new results and support ongoing mining studies. Further drilling will target resource definition, connections between Bollard, Cable, and Highway, as well as deeper potential underground mineralization.
The Tuckanarra Project currently hosts indicated and inferred mineral resources of 6.3 million tonnes at 2.2 g/t gold, equivalent to 451,000 ounces of gold. Odyssey is advancing the project towards an initial first-phase development while continuing resource growth drilling across a portfolio of over 70 ranked exploration targets. Many of these targets are associated with historical workings that have received only limited modern drilling, providing scope for further project expansion beyond the current development plan.
Odyssey Gold is focused on developing the Tuckanarra Gold Project in the Murchison region of Western Australia. The company holds an 80% interest in the Tuckanarra joint venture and is advancing exploration, resource updates, metallurgical work, and mining studies aimed at establishing a larger, longer-life gold operation.
