THE DRILL SERGEANT: Corazon Mining (ASX: CZN) declared recent exploration work at the company’s Mt Gilmore copper-cobalt-gold project in New South Wales has confirmed confirmed the project’s porphyry potential.
Corazon Mining claimed identification of a copper-bearing diorite porphyry intrusion at the Gordonbrook Hill prospect, which has advanced the prospectivity of the Mt Gilmore project.
This intrusion is located coincidently on the margins of a high-grade copper and gold soil geochemical anomaly, and 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, which is now the priority target at Mt Gilmore,” Corazon Mining said in its ASX announcement.
“Detailed planning for drilling is underway, along with requisite New South Wales Government permitting and approvals for drilling.
“The porphyry intrusion outcropping at the Gordonbrook Hill is approximately 300 meters long, striking northeast-southwest and is semi-parallel with the strike of Gordonbrook Hill’s well-defined IP chargeability-high corridor.”
Corazon’s Mt Gilmore project is centred on an anomalous copper, gold, silver, cobalt and molybdenum trend, which is in excess of 20 kilometres in length.
The company has yet to determine the source of this metal anomalism, however the model being targeted is a copper-gold intrusive related system a style of mineralisation that is prevalent on the east coast of Australia.