Odyssey Gold Limited announced results of reverse circulation drilling and the completion of an aircore program at the Highway Zone within the
Company's Tuckanarra JV Project in the Murchison Goldfields of Western Australia. Highway Zone: Odyssey's Tuckanarra Project is part of the prolific Murchison Goldfields (Figure 8). The Murchison Goldfields are host to a +35Moz gold endowment (historic production plus current resources) with
7.5Mtpa of processing capacity within 120km of the Tuckanarra Project. Odyssey's 2022 RC drilling campaign identified a mineralised shoot at the Highway Zone with significant scale potential. Drilling in the second half of 2022 defined a 300m long mineralised shoot open along strike and down dip. A program of 18 holes for 1,882m RC drilling was recently completed. The program added three lines of 80x40m spaced drilling east of previous RC drilling, drilled the hanging wall oxide mineralisation and potential extensions of the Highway Zone mineralisation to the east towards the Bottle Dump Pit. RC Drilling Results: The most western hole CBRC0152 was drilled to intersect hanging wall oxide mineralisation and then continue on to intersect the Highway Zone. Mineralisation was successfully intersected in both positions. The hole demonstrates continuity of oxide mineralisation 80m into the hanging wall of the Highway Zone with a result of: 19m @ 0.5g/t Au from 44m (CBRC0152). The main Highway Zone structure was intersected with quartz veining, pyrite, galena and visible gold hosted in high Mg basalt. The Highway Zone here is comprised of three intervals: 2m @ 8.2g/t Au from 124m; 11m @ 8.4g/t Au from 133m including 6m @ 13.9g/t Au from 135m; 4m @ 1.7g/t Au from 156m. The CBRC0152 intervals are adjacent to previous results including 11m @ 7.8g/t Au (CBRC0056) and 12m @ 6.5g/t Au (TCKRC0101). The predictable high grade zone extends for approximately 140m of strike and shows strong plunge continuity coincident with the hinge of a regional anticline. A second hole (CBRC0151) targeting hanging wall oxide mineralisation to the east of CBRC0152 and 13m @ 3.5g/t Au (CBRC0150) intersected narrower intervals and is interpreted to be east of the higher grade hinge: 1m @ 0.9g/t Au from 81m (CBRC0151); 3m @ 0.6g/t Au from 111m (CBRC0151). Three lines of 80x40m spaced RC holes were drilled aiming to infill the previous eastern section and extend the Highway Zone oxide mineralisation to the east. A number of intervals were intersected including: 13m @ 0.9g/t Au from 30m including 5m @1.2g/t Au from 30m (CBRC0153); 3m @ 1.0g/t Au from 99m (CBRC0153); 4m @ 1.6g/t Au from 124m (CBRC0153); 4m @ 1.1g/t Au from 25m (CBRC0154); 6m @ 1.2 g/t Au from 39m (CBRC0154); 3m @ 1.1g/t Au from 48m (CBRC0154); 4m @ 1.3g/t Au from 85m (CBRC0154); 2m @ 1.1g/t Au from 119m (CBRC0154); 15m @ 1.2g/t Au from 128m (CBRC0154); 12m @ 1.0g/t Au from 24m including 4m @ 2.3g/t Au from 30m (CBRC0155); 17m @ 0.9g/t Au from 37m including 4m @ 2.4g/t Au from 45m (CBRC0156). These results represent a 150m extension of oxide mineralisation to the east of December 2022 RC results which included 21m @ 3.3g/t Au from 65m . A dramatic change of strike resulted in the eastern line of drilling intersecting predominantly footwall stratigraphy. The target position has now been drilled with AC as part of a larger program. Two RC holes were drilled targeting historic workings and aircore anomalism. Hole CBRC0068 was drilled 400m to the east of previous RC intersections at the Highway Zone. single line of historic rotary air blast ("RAB") drilling ineffectively tested the target in 1994, including 3 @ 0.7g/t Au from 5m within a 12m wide anomalous interval. CBRC0068 intersected: 2m @ 1.1g/t Au from 24m and 3m @ 1.5g/t Au from 41m. These intervals are a subset of broader 7m and 9m wide respectively zones of anomalism below the reporting cut-off. It is notable the mineralisation is in the same stratigraphic position, on the tholeiitic basalt/ultramafic contact as the Highway Zone with veining that contained visible gold. This is the first RC hole into a potential additional mineralised shoot. Four AC lines have been drilled to define anomalism in this area prior to further RC drilling. Hole CBRC0166 drilled beneath soil anomalism and historic RAB results of 3m @ 3.0g/t Au from 9m (TPH0150) intersected: 2m @ 0.6g/t Au from 59m. Localised veining was intersected in thoelitic basalt and banded iron formation before the hole ended in a regional granite. Subsequent AC drilling will define the scale of anomalism in this area. AC Drilling Program: A 54 hole aircore program was completed to expedite the extension of the ultramafic rocks to the east and target mineralisation in future RC drilling. The AC program has successfully intersected the continuation of the ultramafic rocks 650m to the east of 2022 RC drilling. In this area, this represents a substantial increase in the strike length defined of the rocks that host mineralisation. The return of anomalous assays in aircore will warrant additional RC drilling along the additional 600m of strike. Future Work. Drilling planned at the Tuckanarra Project is focussed on the Highway Zone: Targeting strike extensions to the structure in the oxide zone to add shallow mineralisation to support open pit evaluation; and Diamond drilling to drill >5g/t Au mineralisation down dip to demonstrate the scale of underground mining potential. Underground mines in the area extend to over 1km depth. The deepest intersection at the Highway Zone intersected the structure 180m below surface. The structure is open down dip. The Company has a portfolio of advanced open pit and underground targets being actively explored.