Coda Minerals has advised that final assays from Phase 1 drilling at the Emmie IOCG prospect, part of the Elizabeth Creek Project in South Australia, have been received, with results significantly enhancing the Company's understanding of the geological structure and providing strong targets for followup exploration. Assays have now been received for drillholes EBD7W1 and EBD8 at Emmie IOCG, which represent the final holes of the Phase 1 programme.The programme was completed safely, on time and on budget, with nine parent holes and 12 wedges completed. All but three of the holes returned mineralised intercepts, as confirmed by independent laboratory assay.The programme, which comprised over 23,000m of diamond drilling, identified three major conduits at Emmie IOCG, including two geochemically and geologically distinct bornite zones, and also demonstrated lateral continuity of the deposit with classic IOCG sulphide zonation beyond these zones.Assay results clearly demonstrate significant thicknesses at excellent grades, with highlights including 42m at 1.2% Cu and 27m at 2.0% Cu for a total 69m of mineralisation in hole EBD3W21, as well as 24m at 2.2% Cu and 12.9m @ 3.5% Cu for a total of 36.9m of mineralisation in 18W22 3.The updated geological model provides Coda with three key opportunities to target additional mineralisation1. Extension of bornite zone and associated mineralisation along strike at the three known major conduits2. Discovery of additional conduits and mineralised zones in areas where they have been inferred or within the bounds of the Emmie IOCG geophysical signature, which covers approximately 3 square kilometres3. Additional discoveries through the examination of nearby gravity anomalies within the broader Emmie Bluff mineralised footprint, which extends several kilometres in multiple directions
Coda Minerals has advised that final assays from Phase 1 drilling at the Emmie IOCG prospect, part of the Elizabeth Creek Project in South Australia, have been received, with results significantly enhancing the Company's understanding of the geological structure and providing strong targets for followup exploration. Assays have now been received for drillholes EBD7W1 and EBD8 at Emmie IOCG, which represent the final holes of the Phase 1 programme.The programme was completed safely, on time and on budget, with nine parent holes and 12 wedges completed. All but three of the holes returned mineralised intercepts, as confirmed by independent laboratory assay.The programme, which comprised over 23,000m of diamond drilling, identified three major conduits at Emmie IOCG, including two geochemically and geologically distinct bornite zones, and also demonstrated lateral continuity of the deposit with classic IOCG sulphide zonation beyond these zones.Assay results clearly demonstrate significant thicknesses at excellent grades, with highlights including 42m at 1.2% Cu and 27m at 2.0% Cu for a total 69m of mineralisation in hole EBD3W21, as well as 24m at 2.2% Cu and 12.9m @ 3.5% Cu for a total of 36.9m of mineralisation in 18W22 3.The updated geological model provides Coda with three key opportunities to target additional mineralisation1. Extension of bornite zone and associated mineralisation along strike at the three known major conduits2. Discovery of additional conduits and mineralised zones in areas where they have been inferred or within the bounds of the Emmie IOCG geophysical signature, which covers approximately 3 square kilometres3. Additional discoveries through the examination of nearby gravity anomalies within the broader Emmie Bluff mineralised footprint, which extends several kilometres in multiple directions
