Corazon Mining Chasing New Discovery at Mt Gilmore

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) is currently conducting exploration activities that are focused on the discovery of a large, concealed suphide system within newly identified zones of mineralisation at the company’s Mt Gilmore copper-cobalt-gold project in New South Wales.

Corazon Mining is carrying out field activities at Mt Gilmore testing newly identified copper-cobalt-silver geochemical anomalies, to define priority targets for the company’s next phase of drilling.

The company believes these large geochemical anomalies represent alteration zones associated with intrusive-related copper-sulphide systems, located at favourable structural dilatant zones within the Mt Gilmore trend.

Ground preparation for an Induced Polarisation (IP) ground geophysical survey is currently underway, which is expected to commence this month and be completed by the end of July.

Testing will consist an initial reconnaissance survey of 20 line-kilometres, with provision for follow-up based on results.

“Geological mapping of the large copper-cobalt-silver soil anomalies is ongoing and continues to identify extensive favourable alteration and outcropping sulphide mineralisation,” Corazon Mining said in its ASX announcement.

“Alteration includes the quartz-tourmaline breccia-styles typical of the Cobalt Ridge sulphide deposit at Mt Gilmore, along with extensive propylitic and skarn style hydrothermal alteration assemblages, including the minerals epidote, calcite, garnet, magnetite and sulphide (pyrite-pyrrhotitechalcopyrite) typical of the intrusion related sulphide deposits being explored for.”