Commenting on the progress of the drilling, Coda’s CEO Chris Stevens said: “The preliminary results from these wedge holes, based on logging by our experienced team in the field have exceeded our expectations.“They have not only provided us with very clear visual indications of a significant increase in copper mineralisation intensity, but they have also demonstrably achieved their primary objective of assisting us with exploration vectoring. With multiple geological and geochemical indicators all pointing in the same direction, we are increasingly confident in our exploration model, and of the presence and location of a large-scale mineralising structure to the east of DD21EB0018.
We still have much work to do but with our strong cash position and highly skilled team working on the project, exploration continues at a rapid pace. We have more wedge holes and additional holes from surface planned in the coming weeks, the first of which is already materially advanced, and anticipate significant news flow as we progress our search for a world-class IOCG deposit.
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