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Coda primed for Cameron River resource

8 August 2022 14:24
ASX: COD
Coda Minerals Cameron River project

Coda Minerals are all set to fire up the rig at Cameron River and move on its copper-gold tenure at the heart of north Queensland’s world class Mt Isa mineral province.

Having produced a number of intriguing targets over the past six months of exploration, the explorer now hold final approval for a shallow, low-cost campaign of 30 holes for 3000 metres.

Comprised of 35 square kilometres of prospective territory in the renowned mining region, the company retains rights to acquire up to 80 per cent of the burgeoning project.

 

Map of Cameron River

Cameron River within the greater Mt Isa inlier and surrounding operations.

 

The company said the style of drilling lends itself to rapid outcomes, and expect first-pass results as soon as next month.

“We are looking forward to getting the rig turning as we continue our hunt for copper in the world’s best exploration jurisdictions,” chairman Chris Stevens said.

“We are also continuing to make excellent progress with exploration and scoping work at our flagship asset as we progress both the Scoping Study on the shallower copper-cobalt mineralisation and exploration of the deeper IOCG mineralisation discovery.”

COD’s Australian Stock Exchange-listed share price was trading at 32.5c today (1:30pm UTC+ 8 hours).

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