Corazon Mining Ltd (ASX:CZN) is drilling at the Mt Gilmore Cobalt-Copper-Gold Project in northern New South Wales with the initial focus on priority targets at Cobalt Ridge deposit.
This phase will comprise 14 reverse circulation and core holes for 2,000 metres and is expected to be completed this quarter.
As well as the priority targets within and around Cobalt Ridge, the drilling will also target features generated by a recent 3D induced polarisation (IP) geophysical survey.
READ: Corazon Mining discovers new cobalt copper gold targets, drilling this month
Corazon also aims to include new, priority targets within the wider project area generated by ongoing regional soil sampling.
This work is being done on a 200x200 metre pattern with about 3,000 samples to be collected over a strike of more than 18 kilometres along the trend hosting Cobalt Ridge.
A regional geological interpretation map showing the Mt Gilmore trend.
The sampling is designed to systematically test favourable basement lithologies for cobalt, copper and gold mineralisation along strike from Cobalt Ridge.
Soil sampling proves successful
Corazon’s soil sampling has been successful to date as it has resulted in the discovery of six high-tenor cobalt-copper-gold anomalies within 10 kilometres of strike around Cobalt Ridge.
It has also identified three high tenor anomalies at the Lantana Downs prospect, a further 2 kilometres to the north.
Potential for more discoveries
The company believes these anomalies provide the potential for the discovery of multiple Cobalt Ridge ‘lookalike’ deposits.
If exploration proves fruitful, these would expand Mt Gilmore’s cobalt-copper-gold sulphide endowment.
The anomalies will be further defined via infill sampling on a 50x50 metre pattern, before being ranked and prioritised for drilling.