How good could CODA be?, page-92

Word is that drilling at the mighty CODA commences this week, bloody exciting!



What do we know about CODA so far:-

CODA NORTH

• we know that past drilling campaigns have uncovered something very special here - I can't help thinking that if ENV had run the diamond drilling here themselves, the MC would already be $50M+ MC - the market seems to have attributed no/little value to what was discovered because it was in the past and was conducted by previous owners - it is in the ground no matter who discovered it.
• 

CODA EAST and CODA XN

We know that Equinox Resources ASX:EQN encountered some sensational grades just from their surface sampling, heaven knows how good these grades will be once they start drilling - these fantastic grades were encountered where you see the 4 red rectangles in the diagram below - just look at how damned close they are to both CODA EAST and CODA XN





CODA XS

Very little to go by here but close enough to both CODA XN and CODA South to think that it may have the goods

CODA SOUTH

We had auger drilling samples provided for CODA South with the CODA acquisition ann
Only 11 holes drilled but the important thing to note here is that mineralisation remains open in ALL directions and at depth with grades increasing significantly at depth and don't forget that it's only app. 15kms away from the mighty Bemisa Bambui project -resource size 1Bt at 4500ppm TREO
and CODA South is larger than Bambui




And just for good measure, it's only 20-25kms away from mighty Resouro Tiros project - these guys are due to list on the ASX in a week or so.


Lots to look forward to!