Corazon Mining Ltd (ASX:CZN) has discovered fresh sulphide mineralisation at surface in several areas of the Mt Gilmore Copper-Cobalt-Gold Project in New South Wales.
Notably, these newly identified areas of mineralisation are believed to support the potential for a large concealed sulphide system.
Sulphides include chalcopyrite, pyrite and pyrrhotite and have been taken to the lab, results are pending.
The geochemical targets occurs over an 8-kilometre strike and geophysical surveys are planned to support defining priority drill targets.
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Corazon’s managing Director Brett Smith said: “We are greatly encouraged by the discovery of extensive sulphide mineralisation in fresh rock at Mount Gilmore, which further confirms our exploration model for this metal rich area.
“This style of mineralisation is well documented and prevalent in eastern Australia.
“Regionally, the closest analogy is the major Mount Morgan Copper- Gold-Silver deposit in Queensland, which was a long-life mining camp with metal zonation and relationships similar in nature to what we are seeing at Mt Gilmore.”
Proactive caught up with the company two weeks ago for an update following their recent successful capital raising.