Enova Mining (ASX: ENV) has obtained positive assay results from six additional high-grade drillhole which have strengthened the company’s confidence in the geological continuity, supporting future exploration, resource classification and development plans,
These assay results highlight significant thickness of mineralisation and confirm the presence of extensive high-grade zones in the tenement. The new data enhances our insight into the scale, continuity of mineralisation and grade of the resource, supporting our strategy for further exploration and reinforcing our optimistic outlook for CODA North's future developments.
Recent drilling at the CODA North tenements has delivered outstanding results, confirming widespread high-grade rare earth element (REE) mineralisation. The drilling campaign, incorporating both diamond (DD) and reverse circulation (RC) methods, has completed 21 diamond drill (DD) holes comprising 1,107m of drilling and 32 reverse circulation (RC) holes comprising 1,445m of drilling.
Over 1,500 samples from these holes have been sent to SGS Geosol laboratory in Vespasiano, MG, for assay analysis. Preliminary data indicates the presence of substantial mineralised zones, potentially significantly expanding the project's resource base.
"Our recent drilling results at CODA North again reinforce our belief in the project's exceptional potential. The mineralised zone thickness and high-grade REE intercepts we've encountered not only validate our exploration strategy but also highlight the significant resource potential across the tenement area,” CEO, Eric Vesel, said.
“After my recent visit to our project sites, it is apparent the CODA tenements are uniquely situated on sparsely populated and low yield agricultural areas, ideal for rapid project development. These conditions underscore the strategic value of CODA North and our commitment to continuing exploration on the project.
“With ongoing work we are confident that additional results will continue to strengthen the resource potential. Our team's dedication and the high-quality of their work are pivotal to the campaign, as we further work to unlock the full potential of CODA North and deliver substantial value to our shareholders."
As Enova continues its exploration program, the high-grade discoveries at CODA North are set to be a cornerstone in shaping the company’s future growth. The consistent REE mineralisation confirms the project's strong potential and positions it as a flagship asset within Enova’s portfolio. With additional assay results pending from the ongoing drilling, Enova remains focused on unlocking the full value of CODA North, paving the way for significant resource expansion and long-term economic extraction opportunities.
Enova plans to continue its exploration efforts at the CODA North project, leveraging the successful high-grade drilling intercepts to guide further investigations. The company aims to expand its understanding of the mineralised zones and identify additional high-value targets within the Patos formation.
Enova’s team is ensuring meticulous sample preparation, employing industry standard techniques and protocols to maintain the integrity of the samples and maximise the accuracy of their results.
The collaborative effort of Enova's geologists, technicians, and field staff is pivotal in this process, with each member playing a key role in the thorough analysis and interpretation of data. Their combined expertise and commitment to precision drive the exploration efforts forward, supporting the company's goal of uncovering significant mineral resources at the CODA North project.
