Bull Run Drilling Underway: Historical Hole Hit 20.5m at 3.53 g/t Gold
Codrus Minerals has initiated diamond drilling at its Bull Run Gold Project in Oregon, targeting multiple high-grade gold and polymetallic zones supported by strong historical and recent assay results.
- Drilling commenced at Bull Run Gold Project by Integri-Core US LLC
- Five high-priority gold targets identified for initial exploration
- Rock chip assays reveal up to 60 g/t gold and significant copper, molybdenum
- Historical drill hole intersected 20.5m at 3.53 g/t gold including 6.9m at 9.31 g/t
- Project covers 102 claims with a history of vein gold mining and porphyry-style mineralisation
Drilling Commences at Bull Run
Codrus Minerals (ASX, CDR) has officially kicked off its diamond drilling program at the Bull Run Gold Project in eastern Oregon, marking a significant step forward in its exploration campaign. The drilling is being conducted by Integri-Core US LLC and focuses initially on five high-priority gold targets identified through recent soil and rock sampling efforts.
High-Grade Assays Bolster Prospectivity
Recent rock chip assays have returned impressive grades, including up to 60 grams per tonne (g/t) gold at the Lady May Zone and 28 g/t gold with 1.5% copper at the Eldorado Zone. These results suggest a polymetallic system with significant potential beyond gold alone, incorporating valuable copper and molybdenum mineralisation. Such grades are compelling in the context of the Bull Run Project’s geological setting.
Historical Data Supports Exploration Targets
The current drilling program builds on a solid foundation of historical exploration. Notably, drill hole DDH34-82-1 intersected 20.5 meters at 3.53 g/t gold from a shallow depth of 7.9 meters, including a higher-grade interval of 6.9 meters at 9.31 g/t gold. These results, combined with modern geoscience techniques integrating geophysics, geochemistry, and structural analysis, have helped Codrus refine and expand its exploration targets.
Project Background and Strategic Importance
The Bull Run Gold Project spans 102 claims in Baker County, Oregon, with Codrus holding a 100% interest in 91 claims and an option agreement on the remainder. The area has a mining history dating back to 1929, primarily for vein gold. The project’s geology is complex, featuring ultramafic-mafic and sedimentary rocks intruded by granodiorite stocks, with extensive porphyry-style hydrothermal alteration known to host copper, molybdenum, gold, and silver mineralisation.
Looking Ahead
Executive Chairman Greg Bandy expressed optimism about the drilling commencement, highlighting the buoyant gold market and the compelling nature of the targets. As drilling progresses, the market will be watching closely for assay results that could validate the project’s potential and set the stage for resource definition.
Bottom Line?
Codrus’ drilling at Bull Run could unlock a polymetallic prize, but assay results will be the true test.
Questions in the middle?
- Will the current drilling confirm and expand on the high-grade zones identified?
- How might the polymetallic nature of the mineralisation influence project economics?
- What timeline can investors expect for resource estimation updates following drilling?
