Coda Minerals Extends Copper-Cobalt Mineralisation at Emmie Bluff

THE DRILL SERGEANT: Coda Minerals (ASX: COD) reported the final round of assay results from its two-phase, 17-hole diamond drill program at the Emmie Bluff prospect, part of the company’s Elizabeth Creek project located in the Olympic Copper Province in South Australia.

Coda Minerals is the operator and majority owner of the Elizabeth Creek project, holding a 70 per cent interest alongside Torrens Mining (ASX: TRN) with 30 per cent.

The company declared the most recent round of assays as some of the highest-grade intercepts it has encountered at Emmie Bluff to date.

The best assays from the most recent round include:

2.24 metres at 3.19 per cent copper equivalent (CuEq) (1.82% copper, 1,139ppm cobalt and 24g/t silver);

3m at 4.71 per cent CuEq (2.85% copper, 1,545ppm cobalt and 27g/t silver); and

2.13m at 3.53 per cent CuEq (2.08% copper, 1,212ppm cobalt and 28g/t silver).

Coad Minerals said the new assays, together with previously announced results, continue to strongly validate the Emmie Bluff Exploration Target and support the company’s goal of completing a maiden JORC 2012 Mineral Resource Estimate for the deposit in Q3 2021.

“The consistent drilling results generated within the Exploration Target area have further reinforced our confidence in the scale and robustness of the mineralisation at Emmie Bluff,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“In particular, the strong results from hole DD21EB0012 confirm the potential both to extend the mineralised envelope beyond the bounds of the Exploration Target and show the potential for excellent grades in these extensions.

“With our final assays now received, our focus is firmly on our third phase of drilling, which will commence next month – paving the way for a maiden Inferred Mineral Resource Estimate by late next quarter.”