Corazon identifies copper sulphide at Top Up Rise

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THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has commenced exploration drilling at the company’s Top Up Rise project (TUR) in the Gibson Desert region of Western Australia.

The drilling program is testing a large gravity anomaly of approximately 10 kilometres by 6 kilometres in size.

Corazon has reported that copper sulphide (chalcopyrite) mineralisation has been intersected in the first diamond core exploration hole (TUR13DD001) at between 228.8m and 275m down hole.

“We are in the very early stages of this exploration program and possibly drilling the margins of our primary target, which is the main part of the gravity anomaly,” Corazon Mining managing director Brett Smith said in the company’s announcement to the Australian Securities Exchange.

“However, we are already seeing evidence of multiple intrusive, hydrothermal and alteration events.

“The existence of copper sulphide as an alteration mineral is very encouraging.”

Corazon explained the source of the large and very dense TUR gravity anomaly has not yet been determined and drilling is continuing to test for its source.

 

Drill hole location plan – residual gravity image (colour) over
aeromagnetic image (grey-scale shadow). Source: Company announcement

 

Geological information the company has acquired from drilling to date is being used to reprioritize and adjust target ranking and drill hole locations.

Despite encouraging signs of copper sulphide mineralisation in the first diamond core hole (TUR13DD001), drilling was suspended and the rig relocated to the ‘priority one’ target (hole TUR13DD002), 3km to the southeast.

The company has interpreted the results so far to suggest the gravity anomaly at TUR13DD002 is closer to the surface than at the first core hole (TUR13DD001) and could provide a quicker test of the main part of the anomaly.

Target TUR13DD001 has the highest gravity reading in the southern area of the anomaly.

Corazon indicated TUR13DD001 will be maintained for possible re-entry at a later date.

The latest information the company has received from site is that the RC drilling pre-collar for TUR13DD002 has been completed to 283m, in preparation for core drilling.

The proposed hole depth is 350m.

 

Disclaimer: The Roadhouse holds shares in Corazon Mining