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- Review of historical drilling and surface geochemistry data defines two additional compelling follow up gold targets
- Program planned for untested 3.5km gold anomaly
- Compelling surface anomalism previously defined at Murphy’s Creek
- Review extends exploration pipeline at minimal cost
Corazon Mining (ASX:CZN) has identified two additional high-priority gold targets within its Feather Cap gold project in Western Australia.
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Uncovered via a desktop review of historical exploration data, the Trudgeon Well and Murphy’s Creek targets exhibit compelling surface geochemical anomalism.
MD, Simon Coyle, said the prospects have seen little to no modern exploration and represent walk-up drill opportunities generated at minimal cost from legacy datasets.
“We are extremely pleased with the results of this historical data review, which has confirmed our belief in the significant potential of the Feather Cap project,” Mr Coyle said.
“The combination of high-grade historical gold hits, the proximity to known deposits like Durack, and the clear potential for early-stage production opportunities at the Wembley target provides a compelling, high-impact exploration pathway for Corazon.
“We look forward to getting on the ground and systematically testing these exciting targets to unlock value for our shareholders.”
The review examined Western Mining’s regional surface sampling at Trudgeon Well in 1991 which define a coherent 3.5km long lag anomaly overlying interpreted and structurally complex highly prospective Narracoota Volcanics, a highly prospective lithological sequence within the Bryah-Padbury Basin in WA.
The anomaly returned multiple peaks over 100 parts per billion (ppb) gold across the strike length, including 760 ppb recorded in the southern portion of the anomaly.
Despite the scale and coherence of the anomaly, no drilling has ever been conducted at Trudgeon Well.
Corazon will now advance reconnaissance surface mapping and targeted follow-up sampling to prioritise high priority drill areas ahead of a maiden drill program.
The company also studied a surface soil geochemistry and rock chips program completed by Troy Resources with surface soil geochemistry and rock chips at Murphys Creek in 1998.
That work defining a one km by one km surface anomalism including outcropping vein material grading 1.13 grams per tonne (g/t) and a coherent soil anomaly peaking at 39 ppb.
Shallow, wide spaced RAB drilling tested the anomaly to less than 40m depth, with one hole returning significant mineralisation at end of hole 10m at 0.6 g/t from 20m, including 5.0m @ 1.0 g/t from 25m at EOH.
Despite that no deeper or along-strike drilling was completed.
Murphys Creek sits along strike from Westgold Resources’ 112,000 ounce Durack gold deposit.
The target area remains largely untested at depth and along strike, and Corazon considers it a high priority drill target requiring immediate follow-up.
CZN is up 2.50% to 20.5¢. Mkt cap $14.71M.
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