Corazon Mining Ltd (ASX:CZN) has discovered four new, large cobalt-copper-gold soil anomalies within the Mt Gilmore project in New South Wales.
The company expects to commence its next phase of reverse circulation (RC) drilling in early July with an initial 14-hole, 2000-metre program focused on the Cobalt Ridge deposit.
Notably, the four new targets are immediately along strike from Cobalt Ridge.
READ: Corazon Mining continues to make steady progress at Mt Gilmore Project
Current exploration is focused on identifying new cobalt-copper-gold sulphide targets within the wider Mt Gilmore Project area, as well as defining extensions to the priority Cobalt Ridge deposit.
The four new targets result in a total of six areas requiring further testing within a contiguous 10-kilometre strike around the Cobalt Ridge.
Drilling to also test priority targets
Corazon will now conduct infill soil sampling to a 50x50 metre pattern to further define and refine potential drill targets.
Drilling will also provide a first-pass test of priority features generated by the recently completed 3D induced polarisation (IP) geophysical survey.
Mt Gilmore’s 18-kilometre trend
Corazon has defined the prospective 18 kilometre Mt Gilmore trend within the project area which includes more than 25 historical workings including significant shafts, adits and drives.
These workings include high-grade copper and gold mineralisation confirmed by rock chips grading up to 26.8% copper and 9.2 g/t gold in addition to the cobalt mineralisation.
A geochemical soil-sampling program of 3,000 samples along the 18-kilometre trend is underway with 1,375 samples collected to date.
Results from the soil sampling will be incorporated into the drill program as necessary.