Enova Mining (ASX: ENV) has received high-grade drill results from CODA North strengthening a robust resource base across its CODA Tenements in Brazil.
CEO Eric Vesel said these results provide significant intercepts for previously unknown mineralised zones in the northern sector and add to the project’s significant resource potential across an extensive, unencumbered area
Mr Vesel said these assays confirm substantial mineralised thickness and the continuity of high-grade mineralisation, extending over a significant portion of the norther sector of CODA North project site. The latest data enhances our understanding of the resource's scale, continuity, and grade, bolstering Enova’s ongoing exploration efforts and strengthening the growth outlook for the CODA North Project.
Enova has completed a scout reverse circulation (RC) drilling programme at the CODA Central project, marking a key milestone in the ongoing exploration of the CODA project.
This strategy involved wide-area drilling and sampling which is critical for initial assessment of CODA Central's potential as the next rare earth element (REE) mineralisation project.
Mr Vesel said with encouraging early signs, Enova is confident in uncovering additional mineralisation and expanding its resource base within this promising new frontier. Enova will announce assay results from this programme when available.
CODA Central drilling campaign has been delayed due to the wet crop season and will resume with further funding.
“Our latest drilling results expand the CODA North mineralised domain northward,” Mr Vesel said.
"Recent drilling results confirm the discovery of mineralisation in the northern sector of CODA. This is a significant extension of the potential high-grade REE mineralisation at CODA North.
“This discovery, along with the data we've collected, is essential for refining our resource model and broadening our understanding of the deposit.
“Our exploration strategy, combining both wide-spaced and close grid drilling, ensures comprehensive coverage across the CODA North area. We will continue to keep the market informed as assay results are received and evaluated. We are confident these outstanding results can translate to significant resource, we also recognise the importance of confirming recovery and process parameters to commercialise CODA’s massive rare-earth potential.
“Our current priority is metallurgical testing of our CODA mineralisation samples and confident our findings from this work will quickly lead to a practical leach solution. Progress to date has far exceeded our expectations, and we are committed to building on this positive momentum."
