Corazon Mining gets wheels in motion for next phase of porphyry copper exploration at Mt Gilmore
This next stage sees Corazon embarking on geochemical targeting to follow up on the first phase of mineral geochemical studies completed by Centre of Ore Deposit and Earth Sciences (CODES) at the University of Tasmania.
With the initial phase of work having identified key characteristics of large porphyry copper-gold deposits at the Mt Gilmore Project in New South Wales, this next phase will outline a more detailed study of the characteristics– resulting in the delineation of precise drill targets.
To date, approximately 55 sites have been sampled, covering the area from Cobalt Ridge to May Queen.
But according to Corazon Mining (ASX:CZN), detailed mineral geochemical analysis will now be undertaken over a much broader area with a specific focus on the Gordonbrook Hill prospect, where a mineralised porphyry was identified in surface mapping and sampling back in October 2020.
“We believe that through this mineral geochemical targeting program, the prospectivity for copper, cobalt and other metals at Mt Gilmore has been significantly increased,” managing director Brett Smith said.
“If the next round of studies by CODES are successful, we will have saved an enormous amount of capital and time on exploration drilling and be in a good position to effectively drill test this exciting, potentially district-scale exploration opportunity.”
This article was developed in collaboration with Corazon Mining (ASX:CZN), a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.