Coda Minerals to Commence High-Impact Drilling at Elizabeth Creek

THE DRILL SERGEANT: Coda Minerals (ASX: COD) is on the march in readiness for a high-impact exploration drilling program at the company’s 100 per cent-owned Elizabeth Creek copper-cobalt project (ECCCP) in South Australia.

Coda Minerals anticipates commencing drilling in the coming weeks targeting extensions of the project’s cornerstone Emmie Bluff copper cobalt-silver deposit.

The first round of drilling will consist of up to 2,000m of drilling, comprising four Reverse Circulation pre-collars with diamond tails.

The program will target repeats of the Emmie Bluff mineralisation immediately to the east and south-east of the main Mineral Resource (collectively the “Emmie East” prospect), which comprises 40.2 million tonnes at 1.87 per cent copper equivalent.

Coda has identified a geophysical response to the east of Emmie Bluff similar to whathas previously been seen in the core of the deposit, which the company thinks could offer potential for the discovery of a secondary sub-basin.

“Drilling at the Emmie East prospect area will test several high-confidence geophysical targets which exhibit many distinct similarities to the area which covers the main Emmie Bluff Mineral Resource,” Coda Minerals CEO Chris Stevens said in the company’s ASX announcement.

“This similarity extends across not just the electrical properties of the rock as seen through MT, but also the acoustic properties of the rock as assessed by 2D seismic.

“We define success at Emmie East as being able to replicate the intercepts which we have reported within the bounds of the Emmie Bluff Resource – which typically comprise mineralised horizons 2-6m thick with copper equivalent grades in excess of one per cent copper equivalent.

“These intersections, while less thick than those encountered further down at Emmie Deeps, can extend for kilometres in multiple directions, as they do at Emmie Bluff.

“Put together, these intercepts can result in a very large accumulations of metal.

“Although rare in Australia, deposits of this type represent around 20 per cent of global copper production.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE