Corazon Mining Enlists University to Identify Porphyry Copper System

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has used a study by the University of Tasmania to identify a new target area it considers having potential as a porphyry copper deposit at the company’s Mt Gilmore project in New South Wales.

Corazon Mining explained the new porphyry copper target area has been generated from initial results of a mineral chemistry vectoring study conducted by the university and based on the results of this work, Corazon plans to undertake a new phase of targeted fieldwork at the Mt Gilmore project.

The Mt Gilmore project is located within the New England Orogen of northeastern NSW where Corazon has carried out geochemical and geophysical surveys that have indicated potential for concealed intrusion related or porphyry copper-gold hydrothermal systems.

However, identifying precise drill targets has proved difficult due to the size of the geochemical anomalies, poor surface exposure and lack of historical drilling.

Work by the Centre for Ore Deposit and Earth Sciences (CODES) at the University of Tasmania has included porphyry vectoring and fertility tools (PVFTs) to assist in the exploration for blind mineral deposits.

Corazon indicated its next plans will include a phase of exploration at the Mt Gilmore project next month.

This will include surface rock-chip sampling for detailed Mineral Chemistry Vectoring Studies and geophysical surveys (possibly gravity and IP), initially targeting the Gordonbrook Hill prospect.

This low impact exploration is expected to be completed over the next three to four months, subject to availability of geophysical contractors.

 

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au