Enova Mining Ltd (ASX: ENV) has commenced its maiden drilling programme at the CODA rare earth (REE) project in Brazil.
The projects consists of a combined strategic and dominant land area of 153.3 sq.km of high grade and highly prospective IAC REE tenements situated on the Patos formation, Minas Gerais Brazil.
The CODA project tenements include extensive historical drilling with continuous mineralised structures that could support a district-scale sized IAC REE system across all tenements.
Significant results received for the Coda project pave the way forward to commence exploration drilling and resource definition, expected to commence in May.
The maiden campaign plans at least 6,000 metres of air-core drilling, with an exploration team at proposed drill sites meeting with landowners, contractors and preparing for the campaign.
“The CODA Phase 1 maiden drilling campaign provides an incredible opportunity to rapidly build resources,” Managing Director Eric Vesel said.
“Exceptional historic drilling identified thick intersections of high-grade mineralisation with results consistently above cut-off grade with higher grade zones in between, this is especially remarkable given that some the holes are broadly spaced and even in different tenements.
“The Phase 1 drilling campaign expects this consistency to continue, and closer spaced drilling is likely to amalgamate these holes into potential resources. Enova is well positioned; having identified prospective drilling areas, gaining access to these drill sites, coordinated an experienced on-ground team and gained funding to commence drilling. The campaign will be rapid and effective, providing impetus for a Phase 2 follow up programme.”
