Odyssey Gold Hits 16.1g/t at Shackle, Extends Bollard Shoots

Odyssey Gold has intersected shallow high-grade gold at a new target, Shackle, within its Tuckanarra project in Western Australia. The best result from three first-pass reverse circulation holes was 3 metres at 16.1 grams per tonne from 55 metres, the company said. Two other holes returned 4 metres at 5.3 g/t from 31 metres and 3 metres at 1.7 g/t from 44 metres, all beneath historical workings spanning about 80 metres of strike.

At the Bollard deposit, recent drilling confirmed continuity of plunging mineralised shoots beneath the historical open pit. The standout intersection was 15 metres at 3.9 g/t gold from 102 metres. Bollard was mined in 1992–1993 and produced about 16,800 ounces from laterite and oxide ore. The deposit currently holds a Mineral Resource Estimate of 0.68 million tonnes at 2.1 g/t for 46,000 ounces in the Indicated and Inferred categories.

Shackle lies on a sub-parallel structure about 500 metres north-northwest of the Cable deposit within the Tuckanarra mineralised corridor. Historical mining across the field targeted shallow oxide mineralisation above the water table, leaving numerous workings only lightly tested by modern drilling. Previous exploration at Shackle consisted of one line of shallow rotary air blast drilling that returned 8 metres at 1.1 g/t, ending in mineralisation at 40 metres. The latest RC program confirmed a new high-grade shoot continuing beneath the workings, open along strike and down dip.

Odyssey will incorporate the results into an updated Mineral Resource Estimate and continue advancing the Stage 1 development at Tuckanarra. Infill drilling within and adjacent to the existing Bollard MRE intersected mineralised zones that improve geological confidence and support potential conversion of Inferred Resources.

Tuckanarra's total resources across its deposit portfolio stand at 6.3 million tonnes at 2.2 g/t for 451,000 ounces. The company has ranked more than 70 priority targets where historical workings, limited modern drilling, and existing mineralised trends provide scope for further discoveries. These include East Lynn, where shallow workings extend for about 600 metres without drilling beneath them, and prospects at Bottle Dump East and Highway East.

Future work will test Shackle along strike and at depth, refine the relationship between Bollard and Cable, and assess the Highway zone. The company is also advancing the Stage 1 mining development following a scoping study.