Codrus Minerals Uncovers High-Grade Molybdenum at Bull Run, Plans Follow-Up Exploration

Codrus Minerals Ltd ( (AU:CDR) ) has shared an update.

Codrus Minerals has identified high-grade molybdenum mineralisation of up to 4.2% at its Bull Run Gold Project in Oregon, associated with porphyry-style alteration typical of Cu-Au-Mo systems. The mineralisation occurs in the historic Record Mine area, particularly in the Lady May and Whited zones, and is supported by coincident soil anomalies and IP chargeability data indicating potential extensions beyond currently defined targets.

The company is now designing a follow-up field program to advance the molybdenum targets toward drilling, while three of five priority gold targets along a roughly 2km strike remain untested. Codrus is also negotiating a new agreement over 11 Record Mine claims while retaining full ownership of 91 surrounding claims, positioning the project as a potentially significant polymetallic and critical metals opportunity with multiple avenues for future value creation.

The most recent analyst rating on (AU:CDR) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Codrus Minerals Ltd stock, see the AU:CDR Stock Forecast page.

More about Codrus Minerals Ltd

Codrus Minerals Ltd is an ASX-listed exploration company focused on precious and base metals, including gold and critical minerals, with its Bull Run Gold Project located in Oregon, U.S.A. The company is targeting both gold and polymetallic mineral systems, aiming to expand its resource base through drilling and follow-up field programs across a large claim package in the region.

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