Codrus Minerals Ramps Up Bull Run Exploration
THE DRILL SERGEANT: Codrus Minerals (ASX: CDR) is picking up speed on exploration activities at the company’s Bull Run gold project, located in Baker County, eastern Oregon, USA.
Codrus Minerals has commenced a ground-based geophysical exploration program to assist with drill target definition having secured additional strategic mineral claims and identifying prospective new anomalous zones via soil sampling programs.
The Bull Run project forms part of Codrus’ global exploration portfolio, which also includes three projects in Tier-1 locations in Western Australia.
The most recent exploration work was completed by Blackstone Minerals prior to the spin-out and listing of Codrus Minerals on the ASX last year.
This consisted of soil geochemistry sampling over the claims which identified two gold-in-soil trends.
The first of these is a north trend running approximately parallel to the serpentinite-Bull Run granodiorite contact and the dominant dyke strike through the Bull Run project area.
The second, a North-east to north-northeast trend parallel to the dominant vein set within the Bull Run granodiorite, highlighted by the Whited, Payton and Sunrise veins.
In the last quarter of 2021, Codrus pegged an additional 12 mineral claims, covering the prospective zone to the south that are 100 per cent-owned by the company.
“This is the first significant modern exploration to be undertaken at Bull Run in several decades and is an exciting time for the company,” Codrus Minerals managing director Shannan Bamforth said in the company’s ASX announcement.
“We have long regarded Bull Run as a high-potential opportunity for significant gold and copper discoveries and we are really pleased to have teams on the ground actively working to unlock this potential.
“The strategic additions to our tenure secured last year have already led to the identification of a significant new gold-in-soil anomaly and we are really excited to have a major 3D DCIP IP survey now underway.
“We believe that this is the most appropriate geophysical technique to advance the Project, and we are really looking forward to seeing the results.
“The results will be combined with our other supporting datasets to help us define drill targets.
“In anticipation of drilling this year, we have already commenced the permitting process in-country and we are looking forward to what should be a big year for Codrus at our key US asset.
“We are also looking forward to receiving assay results from the recently completed drilling at the Red Gate Project in WA.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: admin@codrusminerals.com.au
Web: www.codrusminerals.com.au