Hi people,
Just doing some research here on various anns by companies in Minas Gervais and can't help but be even more excited about CODA now.
EQN put out a terrific ann 3 weeks ago on the excellent grades they found just from surface sampling at Mata da Corda which happens to be where CODA is located.
Now they have a LOT of territory there so I wanted to see exactly where these good hits were and found that they were in close vicinity to where ENV holds tenements and these are all outside CODA North and CODA South which we all know about!
As you can see from the above diagram, I'd estimate that close to 75% of EQNs tenements won't be drilled, the areas above the red lines returned disappointing results, and as the legend states, there are those few areas under the red lines which are potential drill targets.
Now this is where it gets interesting, look at the ground that CODA holds there, outlined in the blue, EQN holds the orange tenements:-
I've transposed that red line from the above diagram, and as you can see our tenements for the most part are below the red line.
I've also put a red rectangle around the areas where EQN had those great samples returned and have been identified as drilling sites. We are so close to those areas, and as I said, this is apart from Coda North and South which we've been told about already.
Management has made no secret of the fact that they're looking to acquire more land here, let's hope it's below the red line!
