Codrus Minerals Scores High-Grade Drill Results at Red Gate Gold Project

THE DRILL SERGEANT: On the eve of the 2022 RIU Explorers Conference, Codrus Minerals (ASX: CDR) reported encouraging initial assay results from a maiden Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Red Gate gold project in Western Australia.

Codrus Minerals’ Red Gate project is located just north of Kalgoorlie in WA’s Edjudina mining district, immediately along strike from Northern Star Resources’ Porphyry Mining Centre.

Approximately sixty percent of the assays from the drill program have been returned so far with the remainder expected in the coming weeks.

Results received to date, include:

RGRC002
23m at 3.82 grams per tonne gold from 14m down-hole, including 5m at 14.29g/t gold from 27m;

RGRC003
1m at 5.75g/t gold from 15m down-hole and 24m at 1.04g/t gold from 42m down-hole; and

RGRC011
1m at 21.35g/t gold from 80m down-hole.

“We are pleased to announce the results of our maiden drill program at Red Gate,” Codrus Minerals managing director Shannan Bamforth said in the company’s ASX announcement.

“The results not only confirm the style and tenor of mineralisation at the Porphyry West prospect but have also identified additional new areas for the company to pursue.

“We are pleased to be able to report such strong results from our first expansive gold drilling program in WA, and we are looking forward to getting back into the field to resume drilling once we finalised a comprehensive interpretation of our latest results for the full drill program.

“The results to date confirm that Red Gate is a project with significant potential.

“Given its location in a Tier-1 mining district close to several major operating mines, this is a project that is very much front and centre of our portfolio as a focus for follow-up exploration in 2022 and beyond.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@codrusminerals.com.au

 

Web: www.codrusminerals.com.au