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Date : 05/05/2021

Odyssey Gold share price soared 97% with new announcements

Odyssey Gold Ltd. is an Australia-based gold exploration company that focuses on gold projects in the Murchison Goldfields. The Company’s gold projects include The Tuckanarra and Stakewell Gold Projects and are located on the Great Northern Highway between Cue and Meekatharra. The projects provide approximately 30 kilometers of fertile banded iron formation and greenstones, with gold mining.

Earlier in the quarter, ODY shares were reinstated to trade on the ASX after completing the acquisition of the Tuckanarra and Stakewell Gold Projects. Odyssey successfully completed a public offer to raise $3.1m, placing the Company in a strong position to fund its exploration programs.

Odyssey uncovered a number of previously unannounced high-grade drilling intercepts at Bottle Dump (Tuckanarra), which remain unmined, significantly enhancing the down plunge potential at Bottle Dump, including:

  • 30m @ 3.7g/t Au (BTD100 from 87m)
  • 13m @ 8.5g/t Au(BT128 from 15m)
  • 8m @ 10.3g/t Au (BT123 from 88m)

Yesterday, Odyssey shares closed a whopping 97.18% higher at $0.14 a share as the firm intersected significant visible gold in its maiden diamond hole in the Bottle Dump deposit.

It was intersected at a 249m downhole (215m vertical depth) in TCKDD003, drilled beneath additional new significant gold intersection in reverse circulation drill hole TKRC0014. The core has now been sent to Perth for immediate assaying.

Odyssey has continued to successfully intercept the Bottle Dump Mine BIF, extending the Mine BIF laterally to the east of the Bottle Dump pit and at depth, with the first significant gold intersections recorded in this region. The Company has further holes planned in the eastern extension as it continues to test the dow-plunge and lateral extensions.

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