| Announcement Date: | 2022-02-14 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Codrus Minerals Ltd. |
| Project name: | Red Gate |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 23m @ 3.82g/t Au from 14m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Codrus Minerals (ASX: CDR, Codrus or the Company) is pleased to report highly encouraging initial assay results from the maiden Reverse Circulation (RC) drilling program at its highly-prospective, 100%- owned Red Gate Gold Project in Western Australia. The Red Gate Project is located 140km north of Kalgoorlie in WA’s Edjudina mining district, which hosts numerous operating mines. The Project is located immediately along strike from Northern Star Resources Porphyry Mining Centre (see Figure 1). Approximately sixty percent of the assays from the drill program have been returned so far with the remainder expected in the coming weeks. Codrus Managing Director Shannan Bamforth said: “We are pleased to announce the results of our maiden drill program at Red Gate. The results not only confirm the style and tenor of mineralisation at the Porphyry West prospect but have also identified additional new areas for the Company to pursue. |
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