Enova Mining Ltd (ASX:ENV) has reported continued drilling success at CODA North, with high-grade intercepts further underscoring the project's robust potential. The company completed 24 diamond drill (DD) holes totalling 1,310m and 40 reverse circulation (RC) holes spanning 1,791m at the CODA North project. Over 1,000 samples are currently undergoing assay analysis at the SGS Geosol laboratory in Vespasiano, Minas Gerais, Brazil.
Enova CEO Eric Vesel expressed confidence in the substantial, high-grade REE deposit at CODA North, providing strong supporting data that will soon translate into a robust resource model. The company strategically covered the CODA North area with a combination of widely spaced holes and infill drilling, committed to reporting assay results as they become available. Additionally, Enova is focused on metallurgical testing of the mineralisation with several expert service providers preparing to process their samples.
Enova Mining Ltd's continued drilling success at CODA North has confirmed extensive high-grade rare earth element (REE) mineralisation, positioning the company for significant resource growth and enhanced project value. The high TREO grades discovered enhance confidence in geological continuity, bolstering future resource definition drilling, resource classification, and development strategies. Enova aims to capitalize on the increasing global demand for rare earth elements and is focused on maximizing the value of CODA North by expanding the understanding of the mineralised zones and identifying additional high-value targets. The company's next phase of drilling will focus on expanding and refining the high-grade REE mineralised zones discovered in recent assays, with a strategic combination of infill and step-out drilling to accurately define the lateral extent of mineralisation and continuity.