Odyssey Gold Hits High-Grade Shallow Oxide in Tuckanarra Metallurgical Drilling

Odyssey Gold Limited ( (AU:ODY) ) has shared an update.

Odyssey Gold has reported strong assay results from two shallow diamond metallurgical drillholes at its Tuckanarra Gold Project, including a standout intercept of 22.3 metres at 7.4 grams per tonne gold from near surface. The drilling was designed to twin historical holes and generate a production composite representative of the planned initial shallow mining phase, with recent results outperforming earlier drilling and supporting the project’s high-grade oxide potential ahead of an updated mineral resource estimate and scoping study.

Management highlighted that the higher grades compared with 1990s drilling may reflect the deposit’s high nugget effect, earlier partial digestion assay methods, or preferential recovery of higher-grade material. While one hole could not be used in current leach testwork because grades exceeded the targeted composite range, the results reinforce the robustness of the mineralised Cable-Bollard trend and may strengthen Odyssey’s development case and appeal to investors focused on near-term gold production opportunities in Western Australia.

The most recent analyst rating on (AU:ODY) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Odyssey Gold Limited stock, see the AU:ODY Stock Forecast page.

More about Odyssey Gold Limited

Odyssey Gold Limited is an Australian gold exploration and development company focused on advancing its Tuckanarra Gold Project in the Murchison region of Western Australia. The company is targeting shallow, high-grade oxide gold mineralisation within existing mining leases, aiming to progress the project toward production through resource updates and economic studies.

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Technical Sentiment Signal: Buy

Current Market Cap: A$53.22M

For detailed information about ODY stock, go to TipRanks’ Stock Analysis page.