The Odyssey Gold Ltd (ASX: ODY) share worth has been an unbelievable performer on Tuesday.
In morning commerce, the gold explorer’s shares have been up a whopping 118% to a report excessive of 15.5 cents.
The Odyssey Gold share worth has now given again a few of these positive factors however stays 69% larger at 12 cents on the time of writing.
Why is the Odyssey Gold share worth rocketing larger?
As you may need guessed from the efficiency of the Odyssey Gold share worth, the replace was a really constructive one.
In keeping with the discharge, Odyssey has intersected vital seen gold in its maiden diamond gap. This was a 70 metre step-out within the japanese extension of the growing Bottle Dump deposit at Tuckanarra.
Administration notes that that is the primary ever drilling in an untested space, with the seen gold mineralisation related to the close by basal quartz vein system.
It believes this means a second mineralised area, parallel to the mineralisation in the primary mine banded-iron formation sequence.
Odyssey Gold’s Government Director, Matt Syme, commented: “The spectacular seen gold intersected at Bottle Dump confirms the robust potential of the Bottle Dump pattern to host high-grade gold mineralisation. The seen gold in TCKDD0003 and the 13m at 3.9g/t in TKRC0014 have prolonged recognized gold mineralisation over 100m to the east of the Bottle Dump pit.”
“The potential extent of the Bottle Dump pattern is as much as 3km and the recognized gold mineralisation is open to the east and west and at depth. Odyssey has consolidated a few of the greatest gold exploration floor within the Western Australian Goldfields and we’re trying ahead to making use of fashionable exploration strategies to uncover the world’s excellent potential,” he concluded.
The Odyssey Gold share worth is now up nearly 400% since its re-listing at 2.5 cents per share in January.
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