Gold and copper explorer Torrens Mining (ASX: TRN) has drawn the attention of investors to an announcement made today by Coda Minerals (ASX: COD), and cross released to Torrens, which relates to the Elizabeth Creek Copper Project in South Australia, in which Torrens holds a 30% joint venture interest.
- Torrens’ Elizabeth Creek Copper Project joint venture partner, Coda Minerals Limited, has today released assays for two wedge holes drilled off parent hole DD21EB0018, at Emmie Bluff Deeps IOCG Prospect.
- Mineralised zones intersected include high grade copper and gold.
- Diamond drilling is continuing, with two surface drillholes now in progress, targeting additional Emmie Bluff IOCG mineralisation.
Today’s announcement details the results of assays received for two wedge holes drilled from parent drillhole DD21EB0018, and of continuing drilling operations at Emmie Bluff. The announcement is available on the ASX market announcements platform under the ticker code “COD.”
Torrens’ Managing Director Steve Shedden commented:
“The high grade copper and gold assay results, announced today by Coda on behalf of the Elizabeth Creek Joint Venture, are very exciting because they continue to point the way to the potential discovery of economic IOCG mineralisation at Emmie Bluff Deeps.
“These excellent results are yet another step in an unfolding scenario for a project which is wholly remarkable, in that it is host to both IOCG-style copper-gold mineralisation and Zambian-style copper-cobalt mineralisation, and enjoys a central location in Australia’s premier copper-producing region, the Olympic Copper Province, with all the infrastructure benefits that brings.
“I don’t know of any other copper project in the world so endowed with these two distinct types of copper mineralisation, which at Emmie Bluff are in relatively close proximity to each other, which, as I have said before, is very promising for the future of the project.
“Torrens continues to closely track project progress through our place on the Elizabeth Creek Joint Venture Management Committee.”