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Corazon Mining Ltd

Corazon Mining discovers major copper cobalt silver gold trend at Mt Gilmore

A 2019 work program to advance these new targets is now being compiled.

project location on map
The Mt Gilmore Project also hosts the Cobalt Ridge prospect

Corazon Mining Ltd (ASX:CZN) has discovered a major 11+ kilometre long copper-cobalt-silver-gold trend at the Mt Gilmore Project in New South Wales.

Exploration has discovered multiple, large 1+ kilometre priority targets within the trend, which forms part of the defined 22 kilometre-long, mineralised Mt Gilmore Trend.

READ: Corazon Mining to advance knowledge of Mt Gilmore, Cobalt Ridge this quarter

The trend represents a district-scale exploration play for large intrusive-related copper-cobalt-gold deposits.

Importantly, the region has had little or no modern exploration or drill testing within the priority areas defined.

Rock chip and grab sampling within these soil anomalies have returned up to 21.6% copper, 1,795 ppm cobalt, 1.29 g/t gold, 361 ppm silver and 885 ppm molybdenum.

Planning for 2019 exploration underway

Planning of Mt Gilmore’s 2019 exploration program is underway.

Work will include further testing of new priority geochemical targets and known copper deposits within the Mt Gilmore Trend.

It will also include drill testing of prospective areas for extensions to mineralisation defined at the Cobalt Ridge prospect.

Work currently underway is expected to propose geophysical programs that will provide an initial test of priority areas within the new geochemical anomalies of the Mt Gilmore Trend.

This work, along with detail mapping and sampling, is expected to identify targets for an initial phase of drilling, testing prospective areas.

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