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Coda extends SA copper discovery

Coda Minerals looks to be riding at a winner at its Emmie Bluff Deeps IOCG-style copper discovery in South Australia after eyeing around 60 metres of chalcopyrite mineralisation in a recently completed step-out hole. The company says the cracking intercept that was drilled to the south and east of previous hits, has extended the strike length of the known mineralisation by nearly 60 per cent to 550m.

According to Coda, the parent drill hole plunged into Emmie Bluff Deeps was completed to a final depth of 958m, with visual estimations indicating a considerable broad zone of mineralisation was intersected.

The company says the chalcopyrite heavy mineralisation zone extends from 764m, with anomalous chalcopyrite persisting with varied strength over a 60m interval.

In addition to the discovery, Coda says it has received the assay results from four previously drilled holes with visual estimates from a program completed late last year. Some of the better results include a 9.7m section going 2.9 per cent copper, 0.39 grams per tonne gold and 37.3m at 1.04 per cent copper with 0.28 g/t gold from 907m.

Another hole struck 21m grading 0.87 per cent copper with 0.25 g/t gold from 895m and 10.2m at 1.13 per cent copper from 938.

A longer intersection from the previous campaign delivered 35m going 1 per cent copper from 922m.

The company is currently drilling a pair of holes to assist in its understanding of the geometry of the mineralisation as it follows the trend to the south and tests for additional extensions. Coda says drilling of the brace will be aimed at zoning in on previously struck bornite mineralisation and structures associated with it.

In conjunction with its work at Emmie Deeps, the Perth-based outfit is also advancing a scoping study for its nearby Emmie Bluff Copper-Cobalt deposit in the northern part of its Elizabeth Creek project tenure. The area is also home to the Emmie Bluff Deeps IOCG-style copper discovery.

The resource at Emmie Bluff clocks in at a cracking 43 million tonnes going 1.84 per cent copper equivalent.

It joins two other JORC-compliant resources in the southern section of Coda’s landholding, the Windabout and MG14 deposits.

The company has defined 17.67 million tonnes at Windabout, running at 0.77 per cent copper, 0.05 per cent cobalt and 8.0 g/t silver. At MG14, another 1.83 million tonnes have been identified at 1.24 per cent copper, 0.03 per cent cobalt and 14 g/t silver.

Remarkably, the combined contained copper equivalent of the three deposits totals 1.1 million tonnes.

With both the demand for and price of copper surging in recent times given its key status in electric vehicles, charging stations and other renewable energy products Coda has chosen the right time to home in on a copper discovery that appears to be making all the right noises.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

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