Corazon Mining (ASX: CZN) is nearing the start of on-ground work at its Top Up Rise Project in Western Australia following the completion of a land access agreement, with first exploration slated for early 2013.
The company has executed an agreement with the Tjamu Tjamu (Aboriginal Corporation) RNTBC and Ngaanyatjarra Land Council (Aboriginal Corporation) which paves the way for Corazon to seek a Ministerial Access Permit.
The permit provides authorisation for Corazon to begin exploration within the Top Up Rise Project area.
The project is located in the Gibson Desert region of north-eastern Western Australia and is prospective for large gold-copper intrusive related deposits, similar in style to Olympic Dam, Prominent Hill and Carapateena.
Ground geophysics is scheduled to be completed in the March 2013 quarter with drilling to follow late in the March quarter/early in the June quarter 2013.
The primary target within the project is an unexplored gravity anomaly, which presents one of the largest amplitude residual gravity anomalies in Australia.
The core of the anomaly is 8 kilometres by 4 kilometres in area, similar in size to the gravity anomaly attributed to the Olympic Dam Deposit.
The closest outcrops, around 20 kilometres away, are anomalous in iron-oxide copper gold (IOCG) pathfinder minerals – including rare-earths, haematite, magnetite, copper, gold and uranium – and are adjacent to a large Proterozoic age intrusive alteration system with geochemical characteristics common to known world class copper-gold deposits.
Corazon has secured an option to earn up to 75% of Border Exploration, which owns 100% of the Top Up Rise Project.
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