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- Coda Minerals (COD) reports its thickest copper intercept to date from its ongoing iron oxide copper gold (IOCG) drilling program at Emmie Bluff Deeps
- The prospect is part of the company’s Elisabeth Creek project in South Australia, which is 25 per cent owned by joint venture partner Torrens Mining (TRN)
- One wedge hole has intercepted copper-sulphide mineralisation and according to Coda it is the thickest encountered to date
- Assays for several previously released visual copper-sulphide intercepts remain on track for release in mid-December 2021.
- Shares last traded December 8 at 92 cents
Coda Minerals (COD) has reported its thickest copper intercept to date from its ongoing iron oxide copper gold (IOCG) drilling program at Emmie Bluff Deeps.
The prospect is part of the company’s Elisabeth Creek project in South Australia, which is 25 per cent owned by joint venture partner Torrens Mining (TRN)
According to Coda, mineralisation logged in wedge hole EBD2W4 materially extends the IOCG mineralisation to the South East.
The company has reported results consisting of 83 metres of chalcopyrite dominated mineralisation from 861 metres.
This discovery includes multiple narrow, but occasionally intense zones of mineralisation from 861 metres totalling 20m of chalcopyrite dominated mineralisation. Additionally, the company says it found 63 metres of chalcopyrite rich mineralisation from 924.5 metres.
The intercept in EBD2W4 is reportedly the thickest encountered at the project to date and occurs at a shallower depth than other intercepts in the area.
Coda says assays for several previously released visual copper-sulphide intercepts remain on track for release in mid-December 2021.
Coda’s CEO Chris Stevens said the EBD2W4 results were encouraging.
“Not only because of the sheer thickness of the intercept but also as it occurs towards the eastern side of previous drilling, materially extending the zone of interest across the south-east of the deposit,” he said.
Shares last traded December 8 at 92 cents as of 9.40 AEDT
