What's Happening?
Odyssey Gold has commenced a 5,000-meter reverse circulation drilling program at the Tuckanarra Gold Project in Western Australia. The program aims to define resources and extend drilling at the Highway
deposit, while also focusing on the Cable Hanging Wall vein discovered in previous drilling. The drilling is expected to conclude by the end of November 2025. This initiative follows Odyssey's announcement of a Scoping Study for the Tuckanarra Project, supported by a prior technical study advocating for open pit development. The project holds an indicated and inferred resource of 5.14 million tonnes at 2.5 grams per tonne gold, totaling 407,000 ounces.
Why It's Important?
The initiation of the drilling program at Tuckanarra is a critical step for Odyssey Gold in advancing its exploration efforts in the Murchison Goldfields. The program's outcomes could significantly impact the company's resource estimates and future mining operations. Successful drilling and resource definition may enhance Odyssey's position in the gold exploration sector, potentially attracting investment and partnerships. The Scoping Study, supported by technical findings, could pave the way for developing an open pit mine, influencing regional economic activity and employment. Stakeholders in the mining industry will be keenly observing the results and subsequent strategic decisions by Odyssey Gold.
What's Next?
Odyssey Gold plans to complete the drilling program by November 2025, after which it will update mineral resource estimates and finalize the Scoping Study. The study will guide the development of the Tuckanarra Project, potentially leading to open pit mining operations. The company will likely engage with investors and industry partners to discuss the project's progress and future opportunities. The outcomes of the drilling program and Scoping Study will be crucial in determining the project's viability and strategic direction, impacting Odyssey's growth and exploration activities in the region.
