Codrus Minerals Unveils High-Grade Targets at Bull Run Ahead of Drilling
Codrus Minerals has identified multiple high-priority gold, copper, and molybdenum targets at its Bull Run Gold Project in Oregon through integrated geophysical and geochemical analysis, setting the stage for imminent drilling campaigns.
- Integrated 3D IP resistivity survey reveals large chargeability anomalies
- High-grade rock chip samples up to 60g/t gold and 2.5% molybdenum
- Multiple new exploration targets defined for near-term drilling
- Rig contract nearly finalized with preferred drilling company
- Historical drilling supports significant mineralisation potential
Integrated Exploration Advances Bull Run Project
Codrus Minerals (ASX: CDR) has taken a significant step forward at its 100% owned Bull Run Gold Project in Oregon, USA, by completing an integrated interpretation of recent geophysical and geochemical data. The company combined a 3D Induced Polarisation (IP) resistivity survey with rock chip sampling results to identify multiple large-scale chargeability anomalies that align with high-priority copper and gold geochemical targets.
The IP survey delineated chargeability anomalies measuring up to 400 by 400 metres with values reaching 50 millivolts per volt, a strong geophysical signature often associated with mineralisation. These anomalies coincide with surface rock chip samples exhibiting impressive grades, including up to 28 grams per tonne (g/t) gold and 1.5% copper at the Eldorado Zone, and up to 60 g/t gold with 2.5% molybdenum at the Lady May Zone.
Historical Context and Geological Setting
The Bull Run Project, located in Baker County near the town of Unity, has a rich mining history dating back to the early 20th century. The area is geologically complex, featuring ultramafic-mafic and sedimentary rocks intruded by granodiorite stocks, with known porphyry-style hydrothermal alteration hosting copper, molybdenum, gold, and silver mineralisation. Historical drilling has returned notable intercepts, such as 20.5 metres at 3.53 g/t gold, underscoring the project's potential.
Codrus’ geological team has integrated these datasets into a unified model that refines drill targeting. This approach enhances confidence in the presence of a robust mineralising system and guides the selection of high-priority targets for upcoming drilling campaigns.
Drilling Plans and Next Steps
With a rig contract imminent and a preferred drilling company identified, Codrus is poised to commence drilling shortly. The company aims to test the newly defined targets to validate the mineralisation indicated by surface sampling and geophysical anomalies. These drilling programs will be critical in advancing the project towards defining a JORC-compliant resource.
Executive Chairman Greg Bandy highlighted the significance of the integrated work, stating that the combined geophysical and geochemical results represent a major step forward in unlocking Bull Run’s potential. The company’s methodical approach and near-term drilling plans position it well to build momentum and deliver value to shareholders.
As exploration progresses, Codrus will continue to update the market on drilling results and further developments at Bull Run.
Bottom Line?
Codrus Minerals’ integrated targeting at Bull Run sets the stage for a pivotal drilling campaign that could redefine the project’s value.
Questions in the middle?
- Will the upcoming drilling confirm the high-grade mineralisation suggested by surface samples and IP anomalies?
- How extensive and continuous are the mineralised zones beneath the surface at Bull Run?
- What timeline and budget has Codrus allocated for the drilling and subsequent resource evaluation?
