Odyssey Gold Limited announced progress drill results from Reverse Circulation ("RC") drilling recently completed at the Maybelle Deposit, part of the Tuckanarra Project in the Murchison Goldfields of Western Australia. Odyssey's Tuckanarra Project is part of the prolific Murchison Goldfields. The Murchison Goldfields are host to a +35Moz gold endowment (historic production plus current resources).

Recent drilling by Odyssey has focussed on defining high grade shoots extending below the Bottle Dump, Bollard and Cable Pits, along with extending the system to the north and to the east at the highly prospective Highway Zone structure. Several other advanced targets have also been RC drilled, including Maybelle, Maybelle North, Lucknow, Douglas and Cable North. Maybelle Background Gold mineralisation at Maybelle is associated with steeply dipping sheared sediment that extends for over 1.5km along a line of historical workings.

A shallow oxide pit, on the southern 450m of sediment, was predominantly mined in the mid 1990's. Total bedrock drilling at Maybelle since discovery includes 56 RC holes and 7 diamond drillholes with most holes less than 60m in depth and only one hole deeper than 100m below surface. Mining was to a maximum of 26m below surface. Ore treated from mining at Maybelle up to 1904 is reported as ~554t @ 5.7g/t Au for 103oz produced.

Subsequent open pit mining to a depth of 30m in the early 1990's produced 52kt @ 3.6g/t Au for 6,020oz before mining was halted as the ores started to transition to primary sulphides. Details are available in WAMEX Report A44359ii. Metallurgical testwork completed in 1994 on composites from fresh sulphide mineralisation recovered over 98% of gold in fresh rockiii.

Odyssey recognised the potential for down plunge extensions for mineralisation. The compilation of historic drilling data missing from the acquisition database further supported this interpretation. Drilling by Odyssey in 2021 successfully intersected 8m @ 3.9g/t Au (TCKRC0052) adjacent to a historic result of 10m @ 4.8g/t Au (MYD100) supporting a southerly plunge to mineralisation.

Flexures in the strike of the sheared sediment hosting mineralisation correlate with thicker, higher grade parts of the structure. The current program was planned to target the structure adjacent to the strike flexure and drill down plunge extensions below the southern end of the Maybelle Pit. Five holes have been drilled at Maybelle as a part of this program.