Odyssey Gold Drills High-Grade Shoots Beneath Bollard Deposit

New Drilling Reveals High-Grade Gold Shoots Beneath Bollard Pit

Odyssey Gold Limited (ASX:ODY) has unveiled compelling assay results from reverse circulation (RC) drilling at its Bollard deposit, part of the broader Tuckanarra Gold Project in Western Australia. The standout intercepts include 6 metres at 9.6 grams per tonne (g/t) gold from 96m, featuring a blistering 1m at 40.9g/t, and 5 metres at 14.0g/t from 132m depth. These figures underscore the presence of multiple high-grade plunging shoots extending beneath the historical open pit, which was mined to about 30 metres depth in the early 1990s.

The drilling campaign, forming part of a larger 15,000-metre program, specifically targeted these plunge extensions identified through integrated geological modelling and ground electromagnetic (EM) surveys. The results lend strong support to Odyssey’s geological interpretation of a vertically extensive mineralised system, with shoots plunging southwest and remaining open at depth and along strike towards the adjacent Cable deposit.

Implications for Resource Growth and Project Development

Bollard currently holds an Indicated and Inferred Mineral Resource of 0.68 million tonnes at 2.1g/t Au for 46,000 ounces. The new high-grade intersections not only confirm continuity beneath the existing resource envelope but also reinforce the potential for resource expansion beyond current boundaries. Executive Director Matt Syme highlighted that these results “demonstrate the continuity of high-grade mineralisation beneath the Bollard pit” and indicate that the broader Tuckanarra corridor remains underexplored, particularly at depth.

Importantly, the drilling also intersected multiple mineralised zones, including significant parallel lodes and laterite-hosted gold, which could enhance the economics of potential open pit mining. The emerging shoot model aligns with mineralisation styles seen elsewhere in the Murchison District, where systematic testing of plunge extensions has driven substantial resource growth.

Broader Tuckanarra Project Potential and Ongoing Work

The Tuckanarra Project as a whole boasts a Mineral Resource Estimate of 5.14 million tonnes at 2.5g/t Au for 407,000 ounces, including a high-grade subset of 2.25 million tonnes at 3.9g/t for 283,000 ounces above a 2.0g/t cutoff. The Cable-Bollard-Highway corridor stretches over 2.3 kilometres, with significant parts of this mineralised trend remaining lightly drilled at depth.

Odyssey’s drilling program continues to test high-priority targets along this corridor, with further assays from Bollard and other sites expected in the coming weeks. Follow-up drilling aims to extend the plunge of known shoots and test additional EM conductors, feeding into an ongoing Scoping Study and updated Mineral Resource modelling.

These developments come as Odyssey advances its Starter Pit Scoping Study, building on recent metallurgical successes such as a 95.9% gold recovery reported earlier this year. The company’s strategy to unlock value through both near-term development and longer-term exploration growth remains intact, with the latest drilling results providing fresh encouragement for both.