- Corazon Mining (CZN) secures government funding to advance its Mt Gilmore copper-gold-cobalt project in New South Wales
- Through the Australian Government Innovation Connections Grant, the company was awarded $50,000 to advance the exploration of the project and complete geochemical studies
- Corazon is currently undertaking a geochemical testwork program with the University of Tasmania’s (UTAS) Centre of Ore Deposit and Earth Sciences (CODES)
- As such, CODES has now received a total of $100,000, made up of $50,000 from the Government grant and $50,000 provided by Corazon
- Corazon Mining is trading at 2.3 cents at 11:04 am AEDT
Corazon Mining (CZN) has secured government funding to advance its Mt Gilmore copper-gold-cobalt project in New South Wales.
The company was awarded an Australian Government Innovation Connections Grant worth $50,000 to help advance the exploration and assessment of Mt Gilmore and complete geochemical studies at the project.
Corazon is currently undertaking a geochemical testwork program with the University of Tasmania’s (UTAS) Centre of Ore Deposit and Earth Sciences (CODES). The initial phase of the program was deemed successful, confirming Mt Gilmore hosts key geochemical characteristics specific to large porphyry copper-gold deposits.
As such, the cash was awarded on a co-funding basis, with CODES receiving a total of $100,000, made up of $50,000 from the Government grant and $50,000 provided by Corazon.
The second phase of the program is now underway to expand on the first phase studies and deliver more precise targeting for exploration drilling.
Corazon Mining was trading at 2.3 cents at 11:04 am AEDT.