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Coda Minerals (ASX:COD) - CEO, Chris Stevens
CEO, Chris Stevens
Source: Business News
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  • Coda Minerals (COD) has defined major extensions to the mineralisation at the Emmie Bluff deposit in South Australia
  • Drilling began late last year with aims to increase confidence in the continuity of copper-cobalt mineralisation and to extend the known mineralised envelope
  • Results have been received for 14 holes with grades peaking at 1.76 per cent copper, 1936 parts per million cobalt and 43.81g/t silver
  • These results confirm the continuity of mineralisation and establish significant mineralised extensions
  • Coda is up a healthy 13.3 per cent and shares are trading at 34 cents

Coda Minerals (COD) has defined major extensions to the mineralisation at the Emmie Bluff deposit.

Emmie Bluff is part of the Elizabeth Creek Copper Project which lies in the eastern Gawler Craton of South Australia.

Drilling began late last year with aims to increase confidence in the continuity of copper-cobalt mineralisation and to extend the known mineralised envelope.

To date, 14 holes have been drilled with a best result of 2.05 metres at 4.09 per cent copper equivalent returned. This includes 1.76 per cent copper, 1936 parts per million cobalt and 16.89g/t silver.

Additionally, silver grades peaked at 43.81g/t silver from hole DD20EB0004.

These results confirm the continuity of mineralisation and establish significant mineralised extensions.

“Our program was designed to improve confidence and coverage within the bounds of the exploration target itself and we have achieved that goal,” CEO Chris Stevens commented.

“We deliberately took some big swings, placing holes hundreds of metres away from known mineralisation, and we got the results we wanted, extending the mineralisation in multiple directions,” he said.

“We are thrilled with the results to date and we still have some of our most exciting drillholes ahead of us, from an exploration and expansion perspective,” he added.

An additional 17 holes are expected to be completed by early March with results to be announced shortly after.

Coda is up a healthy 13.3 per cent and shares are trading at 34 cents at 1:54 pm AEDT.

COD by the numbers
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