Codrus Metals RC Drilling at Red Gate Gold Project

THE DRILL SERGEANT: Codrus Minerals (ASX: CDR) has commenced Reverse Circulation (RC) drilling at the company’s Red Gate gold project, just north of Kalgoorlie in Western Australia.

Codrus Minerals is focussing on targets identified by Blackstone Minerals and other previous tenement holders on the Porphyry North gold prospect.

The earlier work had provided Codrus with three chargeable bodies of interest, namely:

PN1 – a shallow, moderately chargeable body coincident with the known and well-drilled Porphyry North gold mineralisation;

PN2 – a moderately chargeable, resistive body partly coincident with the reconnaissance drilled Porphyry West prospect; and

PN3 – a deep, broad moderately chargeable, resistive body at a depth of 300–400m to the south-west and possibly loosely connected with Porphyry West. This poorly constrained anomaly is now referred to as the Arieta target.

“Historical work programs at the Red Gate project have indicated strong potential for the project to host significant mineralisation,” Codrus Minerals managing director Shannan Bamforth said in the company’s ASX announcement.

“We’re delighted to now have our maiden program of 2,500 metres of RC drilling underway, with the results expected to deliver an important insight into several of the key anomalies at Red Gate to assist with ongoing targeting.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: admin@codrusminerals.com.au

 

Web: www.codrusminerals.com.au