Corazon Mining confirms cobalt with first Cobalt Ridge drilling program

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has completed of a first phase drilling program at the company’s Mt Gilmore cobalt-copper-gold project in north-eastern New South Wales.

Corazon Mining said the drilling had targeted the high-grade Cobalt Ridge prospect, with 18 holes of reverse circulation (RC) drilling, reaching a maximum hole-depth of 174 metres, testing mineralisation to a vertical depth of approximately 130m.

According to the company the drilling program intersected extensive sulphide mineralisation with initial assessment of RC drill chips by hand-held XRF instruments confirming both cobalt and copper to be associated with the sulphide mineralisation.

All samples have been sent for laboratory analysis and results are expected to be returned before the end of November.

Corazon said the maiden drill program at Mt Gilmore was designed to confirm the continuity, position and extent of the cobalt-copper-gold mineralisation within the Cobalt Ridge prospect area, identified from previous drilling.

The company said the drilling supported historical mining and drilling results and has confirmed the presence of multiple zones of sulphide mineralisation over a strike length of 300m.

“The mineralisation remains open along strike and at depth,” Corazon Mining said inits ASX announcement.

“Geological assessment of the mineralisation has been encouraging, with multiple phases of brecciation and sulphide mineralisation interpreted.

“To enhance the understanding of the Cobalt Ridge system, core drilling will commence immediately.

“This drilling is designed to provide additional information for interpretation and modelling of the mineralisation, as well as provide sample material for petrological and metallurgical test work.”

Email: info@corazon.com.au

Website: www.corazon.com.au