Send PM
Followers 35
Posts 12489
Boards Moderated 8
Alias Born 12/17/2002

Re: None

Tuesday, 03/09/2004 10:15:21 AM

Tuesday, March 09, 2004 10:15:21 AM

Post# of 25
Odyssey Extends Oxide Gold Zone At Tavsan, Turkey

TORONTO, ONTARIO--Avrom E. Howard, President and CEO of Odyssey
Resources Limited (ODX:TSXV) reports that the Company has
received additional results from its ongoing 10,000 meter
trenching program at the Tavsan Gold property in western Turkey.
Tavsan hosts an historic gold resource (that Company management
views as reliable but will continue to refer to as an Inferred
Resource until independently confirmed in accordance with the
provisions of National Instrument 43-101) of 280,000 ounces (0.5
gram per tonne cutoff, specific gravity of 2.5) within a surface
area of roughly 325 by 400 meters. The current trenching program,
based to a large extent upon the known distribution of gold on
surface from historic sampling, is aimed at extending this zone
by up to 1,000 meters in length and from 100 to 500 meters in

Current results cover portions of trenches A, B and C, and extend
the strike length of the main known zone of mineralization (the
"Main Zone") by at least 400 meters. Additionally, the trenches
span a vertical range of more than 60 meters, thus extending
mineralization vertically below the depth tested by previous
drilling. Company management views the combination of an
expanding surface area and greater vertical extent of
mineralization as offering excellent potential for significantly
increasing the gold resource at Tavsan.

The chart below summarizes highlights from trenches A, B and C,
and restates those from trenches D and E. A complete log of all
sample intervals for which results have been obtained, to date,
will be posted on the Company's website and updated as additional
results are received.


Trench Interval Length Gold
(meters) (meters) (grams per
A 235-245 10 1.54
285-295 10 0.48
B 35-40 5 3.03
182-188 6 0.96
278-288 10 0.99
310-317 7 0.92
416-465 49 0.82
C 210-322 112 0.66
497-573 76 0.31
D 220-224 4 6.94
239-523 284 0.96
535-573 38 2.85
587-593 6 3.85
E 372-626 254 0.88
635-673 38 1.11


Tavsan hosts oxidized, leachable, sediment-hosted epithermal gold
in silicified rocks found within a widespread zone of
disseminated and structurally controlled mineralization exposed
at surface. Results from trenches F, G and H, up to 600 meters
along strike from the main zone of mineralization, are pending.
Historic sampling has already defined gold mineralization at
surface over a large part of this area. Sampling of these
trenches is currently underway, and results will be reported as
they become available.

A 2,000-meter, wide diameter core diamond drilling program is
planned, has recently been permitted, and is scheduled to begin.
This program is intended to confirm the historic gold resource,
then extend it in all directions and at depth.

A quality control program consisting of randomly inserted
duplicate and standard check samples will continue to ensure
accurate and reliable results in this program. Samples are being
analyzed by ISO9002 certified ALS Chemex in Vancouver, Canada,
with sample preparation completed by ALS's laboratory in Turkey.
Odyssey President and CEO, Avrom E. Howard, MSc, FGA, PGeo is the
Company's Qualified Person responsible for the preparation of
this news release and for the supervision of, and reporting on
this project.

The statements made in this Press Release may contain
forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially
from the Company's expectations and projections. The TSX Venture
Exchange has neither approved nor disapproved the information
contained in this press release.


John Buckle,
Vice President for Marketing and Investor Relations


Day Range:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ODX News