Coda Minerals (ASX: COD) has completed final preparations for a high-impact exploration drill programme targeting extensions of the cornerstone Emmie Bluff copper- cobalt-silver deposit at its 100%-owned Elizabeth Creek Copper-Cobalt Project (ECCCP) in South Australia.
Drill contractors are expected to mobilise in the second week of February with drilling commencing shortly thereafter.
The first round of drilling will consist of up to 2,000m of drilling, comprising four Reverse Circulation pre-collars with diamond tails. The programme will target repeats of the Emmie Bluff mineralisation immediately to the east and south-east of the main Mineral Resource, which comprises 40.2Mt @1.87% CuEq.
CEO, Chris Stevens, said additional holes may be drilled, subject to results.
“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,” Mr Stevens said.
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.
“Emmie East represents a material anomaly which extends over an area comprising approximately half of the existing Emmie Bluff Resource based on the extensive geophysics we have completed.
“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 1% CuEq.
“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% of global copper production. All necessary preparations are now complete with our drilling contractor targeting mobilisation to site during the second week of February.”
