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Corazon Mining (ASX: CZN) has received the go-ahead to commence drilling at the Two Pools gold project in Western Australia.
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The company’s maiden diamond drilling is being undertaken to unlock the true structural complexity of the Two Pools system, a high-grade gold project that has seen limited systematic testing to depth.
Corazon’s managing director, Simon Coyle, said the receipt of heritage approvals removes a key milestone risk from the program timeline and places Corazon on track to receive initial assay results in the coming weeks.
“This program is strategically designed to resolve the structural complexities of the mineralised system, providing the technical foundation required for long-term exploration success,” he explained today.
“We are testing the high-grade core and the significant down-plunge extensions of the system, which remain open and largely untested. We believe this program offers substantial upside, with the potential to materially expand the known mineralised footprint and unlock the true scale of the Two Pools project.”
Mr Coyle said the four-hole, 1,000-metre program is designed to fill a critical knowledge gap in the geological understanding of the deposit.
“Previous explorers conducted only shallow RAB and RC drilling, averaging less than 75 metres depth – insufficient to define the geometry of the multiple high-grade lodes or test deeper extensions of the system,” Mr Coyle said.
The program includes two structural holes drilled into the core of the mineralised area to define the geometry of the primary high-grade lodes. Historical gold intercepts in this area include 12 metres at 8.9 grams per tonne (g/t) from 79 metres, 18m at 3.9 g/t from 83m and 8.0m at 7.8 g/t from 68m.
Corazon is drilling one deep hole to a minimum of 400m to test a north-west trending down-plunge extension of the system. It is targeting the vicinity of a historical intercept of 5.0m at 3.6 g/t from 236m, located approximately 300m from the main mineralised area – a zone that remains largely untested.
The diamond drilling program will also feature a hole to test the structural orientation of shallow high-grade mineralisation on the south-eastern side of the drill area, which currently remains open in multiple directions.
Corazon plans to use structural data from this program to guide the design of a follow-up reverse circulation campaign, which will focus on expanding the mineralised footprint and testing strike and plunge extensions.
Earlier, in February, Corazon discovered a four-kilometre gold anomaly through systematic analysis of historical drilling, soil sampling and rock chip assays at Two Pools.
CZN is steady at 15cps today.
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