Corazon Mining Ltd (ASX:CZN) (OTCMKTS:CRZNF) has started drilling at Mt Gilmore Copper-Cobalt-Gold Project in New South Wales, targeting the 8-kilometre long Gordonbrook Hill-May Queen copper-cobalt-silver-gold anomaly within the 20-kilometre long Mt Gilmore Trend.
This is the maiden drill program at the Gordonbrook Hill target and is designed to test the area near the Gordonbrook Hill mineralised porphyry, coincident with a large multi-metal geochemical anomaly and an IP chargeability geophysical anomaly.
The initial program will include two core holes for an estimated 900 metres.
First holes into high priority target
Corazon managing director Brett Smith said: “We are excited about the very first drill holes into the high priority Gordonbrook Hill target at Mt Gilmore.
“The drilling will test new concepts, targeting one area of what looks to be a very large mineralised hydrothermal system.
“This phase of drilling is expected to be completed over the next two months, with results released as they become available.”
Gordonbrook Hill porphyry target
The identification of a copper-bearing diorite porphyry intrusion at the Gordonbrook Hill Prospect in 2020 significantly advanced the prospectivity of the Mt Gilmore Project.
This intrusion is on the margin of a strong copper, cobalt, silver and gold soil geochemical anomaly, which is coincident with the surface projection of a concealed, high-value, Induced Polarisation (IP) geophysical anomaly.
These coincident geochemical and geophysical anomalies at Gordonbrook Hill represent a significant mineralised porphyry target and are the priority targets at Mt Gilmore.
Mt Gilmore Project location plan.
Lynn Lake exploration activities
Meanwhile, exploration activities at the Lynn Lake Nickel Sulphide Project in Canada are continuing as a priority, with the company aiming to recommence drilling as soon as practicable.
Recent work has focused on regional exploration, in particular drill testing geophysical anomalies at the Fraser Lake Complex (FLC), around 10 kilometres south of the Lynn Lake Mining Centre.
Drill testing of the conductor plates defined by the recent down-hole electromagnetic (DHEM) surveys and the new more discrete anomalies defined by recent reprocessing of the aerial MobleMT geophysical survey data are a priority for the company.
Drilling is expected to be undertaken once ground conditions improve, subsequent to the spring melt, which is currently in progress.
Both Lynn Lake and Mt Gilmore place Corazon in a strong position to take advantage of the growing demand for commodities critically required for the booming rechargeable battery sector.