Sumary of Coda unlocking copper potential at SA IOCG project:
- Camera IconCoda Minerals now has a fourth drill rig turning at the exciting Emmie Bluff copper-gold project in South Australia.
- The new intercepts are reportedly dominated by high-tenor copper sulphides including bornite and covellite suggesting Coda is closing in on a large-scale mineralised structure.
- The first two of three planned wedges holes from Coda Mineral’s recent IOCG discovery hole have now been completed with the company saying preliminary results have “exceeded expectations”.
- Interestingly, Coda reported both completed holes intersected broad copper sulphide zones 36m-to-82m away and comparable to the spectacular 50m mineralised intercept from the maiden drill hole.
- A fourth rig recently arrived on site to commence a second diamond hole from surface over Emmie Bluff Deeps, with at least one wedge hole planned and additional wedges to be undertaken depending on results.
- They have not only provided us with very clear visualisation indications of a significant increase in copper mineralisation intensity but they have also demonstrably achieved their primary objective of assisting us with exploration vectoring.
- Coda Minerals CEO Chris StevensCoda recently swelled its bank coffers to $21 million after raising $14.4 million via an oversubscribed capital raising.
- The company said funds would be channelled towards a comprehensive program of deep holes at Emmie Bluff, resource drilling and an aggressive regional exploration program.