Coda Minerals has reported further significant assay results received from drilling at the Emmie IOCG1 prospect, part of its flagship 100%-owned Elizabeth Creek Copper Project in the Olympic Copper Province in South Australia. Coda CEO Mr Chris Stevens said “The assays for EBD7 have met our expectations, confirming the exciting new bornite zone in the southern part of the Emmie IOCG system discovered earlier this year and opening up intriguing new avenues of geological thought for our technical team. While the copper grades returned were excellent, the absence of gold is significant. Although ive will re-assay the relevant pulps just in cose there has been a lob error, we ore taking this as further proof that the mineralisation encountered in EBD7 is related to, but definitely distinct from, that which has previously been drilled at Emmie IOCG.”He said “The hydrothermal system here is clearly a complex one, with multiple mineralising conduits, each with a unique hydrothermal history. And with definitive proof now that ive have found more than one of these conduits, that of course begs the question: what else remains to be found within this expansive copper-rich system?”He added “Before we get the drill rigs turning again, it is now time to undertake a new phase of work at Emmie IOCG as we commence advanced geophysics with the objective of gaining a better understanding of the geometry and geology of the Emmie IOCG system. We know that between Emmie Bluff and Emmie IOCG this system contains an enormous endowment of copper, gold, silver and cobalt. We also know that, based on holes like EBD3W2 and EBD7, we have found bornite zones capable of delivering meaningful intercepts well above 2.5% copper. However, we are yet to find the major structure that is conveying mineralisation into the system. We are confident that the proposed geophysical work will greatly assist us in identifying these structures as well as further mineralised zones as we look to expand the scale of the deposit.”Coda Minerals Limited is a minerals exploration company focused on the discovery and development of base metals, precious metals, and battery minerals. Coda is primed to unlock the value of its highly prospective Elizabeth Creek Copper Project, which is located in the heart of the Olympic Copper, Province Australia's most productive copper belt. The Elizabeth Creek Copper Project is centred 100km south of BHP's Olympic Dam mine 15km from BHP's Oak Dam West Project and 50 km west of OZ Minerals' Carrapateena copper-gold project.
Coda Minerals has reported further significant assay results received from drilling at the Emmie IOCG1 prospect, part of its flagship 100%-owned Elizabeth Creek Copper Project in the Olympic Copper Province in South Australia. Coda CEO Mr Chris Stevens said “The assays for EBD7 have met our expectations, confirming the exciting new bornite zone in the southern part of the Emmie IOCG system discovered earlier this year and opening up intriguing new avenues of geological thought for our technical team. While the copper grades returned were excellent, the absence of gold is significant. Although ive will re-assay the relevant pulps just in cose there has been a lob error, we ore taking this as further proof that the mineralisation encountered in EBD7 is related to, but definitely distinct from, that which has previously been drilled at Emmie IOCG.”He said “The hydrothermal system here is clearly a complex one, with multiple mineralising conduits, each with a unique hydrothermal history. And with definitive proof now that ive have found more than one of these conduits, that of course begs the question: what else remains to be found within this expansive copper-rich system?”He added “Before we get the drill rigs turning again, it is now time to undertake a new phase of work at Emmie IOCG as we commence advanced geophysics with the objective of gaining a better understanding of the geometry and geology of the Emmie IOCG system. We know that between Emmie Bluff and Emmie IOCG this system contains an enormous endowment of copper, gold, silver and cobalt. We also know that, based on holes like EBD3W2 and EBD7, we have found bornite zones capable of delivering meaningful intercepts well above 2.5% copper. However, we are yet to find the major structure that is conveying mineralisation into the system. We are confident that the proposed geophysical work will greatly assist us in identifying these structures as well as further mineralised zones as we look to expand the scale of the deposit.”Coda Minerals Limited is a minerals exploration company focused on the discovery and development of base metals, precious metals, and battery minerals. Coda is primed to unlock the value of its highly prospective Elizabeth Creek Copper Project, which is located in the heart of the Olympic Copper, Province Australia's most productive copper belt. The Elizabeth Creek Copper Project is centred 100km south of BHP's Olympic Dam mine 15km from BHP's Oak Dam West Project and 50 km west of OZ Minerals' Carrapateena copper-gold project.
