InvestSMART

Odyssey Gold Ltd (ASX:ODY)

ALERT: Price-sensitive ASX Announcement for ODY
Current share price for ODY : $0.026 -0.013 (-33.33%)+
Announcement
Release
24 Sep 2026 9:15AM
Price at Release
$0.039
Full Release
download
Summary
Odyssey Gold Limited announced results from the remaining 60 reverse circulation holes of its 20,000m infill drilling program at the Tuckanarra Gold Project, with the results strengthening the view that Cable, Bollard and Highway form a continuous approximately 1.8km-long mineralised gold system made up of multiple sub-parallel lodes and supporting an updated Mineral Resource Estimate and mining studies; key outcomes included a new high-grade lode north of Cable outside the current resource, continued growth potential from the Cable West Hangingwall lode and the broader sparsely drilled Cable West–Bollard West corridor, additional mineralisation through the 400m Cable–Bollard gap beyond the Stage 1 Scoping Study pit, and improved continuity between Bollard and Highway that may support deeper or merged open pits, while preliminary fresh-rock metallurgical testwork from Cable-Bollard-Highway returned encouraging recoveries of up to 99.0% for quartz vein material, 97.1% for mixed vein and sulphide material and 86.6% for high sulphide material at a 106 micron grind after 48 hours, reinforcing the potential economics of future development and resource growth around the existing Tuckanarra resource base of 6.3Mt at 2.2g/t Au for 451koz Au.
Key Points
  • Results reported from the remaining 60 RC holes for 5,296m of Odyssey’s 2026 drilling program at the Tuckanarra Gold Project.
  • Drilling supports an exploration model of a continuous Cable–Bollard–Highway mineralised system extending about 1.8km in strike.
  • A new high-grade lode north of Cable was intersected in CBRC0477 with 4m at 22.9g/t Au from 45m, plus 8m at 1.5g/t Au from 1m.
  • Cable West Hangingwall continues to grow as a near-mine target, with new intercepts including 5m at 8.6g/t Au from 96m in CBRC0494 and 13m at 2.6g/t Au from 61m including 2m at 8.2g/t Au in CBRC0493.
  • The Cable West Hangingwall structure has now been defined over about 1,100m of strike and remains open with depth potential.
  • The broader Cable West–Bollard West corridor is about 1,100m long, remains sparsely drilled and contains multiple prospective lode positions adjacent to the planned development area.
  • Drilling in the Cable–Bollard gap confirmed mineralisation beyond the current Stage 1 Scoping Study pit, including 2m at 29.7g/t Au from 65m in CBRC0455 and 9m at 2.1g/t Au from 49m in CBRC0500.
  • Additional Cable–Bollard gap results included 9m at 1.2g/t Au from surface and 8m at 1.3g/t Au from 92m in CBRC0498, 8m at 1.2g/t Au from 3m in CBRC0501, 5m at 2.2g/t Au from 97m in CBRC0503 and 5m at 3.0g/t Au from 152m in CBRC0504.
  • At Bollard, drilling below the historical pit improved continuity toward Highway, with CBRC0460 returning 7m at 2.0g/t Au from 38m and 15m at 2.2g/t Au from 48m including 3m at 7.9g/t Au.
  • Further Bollard results included 6m at 1.8g/t Au from 67m and 7m at 1.1g/t Au from 79m in CBRC0461, and 6m at 1.5g/t Au from 104m plus 3m at 2.3g/t Au from 113m in CBRC0462.
  • Preliminary metallurgical testwork on fresh rock from Cable-Bollard-Highway produced recoveries up to 99.0% in quartz vein samples, 97.1% in mixed vein and sulphide samples and 86.6% in high sulphide samples at 106 micron grind after 48 hours.
  • Quartz vein material showed very high gravity recovery of 86.2%, mixed vein and sulphide material returned 60.5% gravity recovery, and sulphide material returned 25.8% gravity recovery.
  • The company stated that the new drilling results will be incorporated into an updated Mineral Resource Estimate and mining studies.
  • Tuckanarra Project Mineral Resources were stated as 6.3Mt at 2.2g/t Au for 451koz Au on a 100% project basis.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.