THE DRILL SERGEANT: Corazon Mining (ASX: CZN) claimed discovery of four new cobalt-copper-gold anomalies at the Cobalt Ridge prospect, located within the company’s Mt Gilmore project in New South Wales.
Corazon Mining said the new geochemical anomalies have extended the known cobalt-mineralised system at Cobalt Ridge to an area of approximately three kilometres in strike and one kilometre in width, which remains open in all directions.
The company said the newly-identified cobalt-copper-gold anomalies strengthen its exploration model for the entire project area to potentially host cobalt dominant sulphide deposits, in addition to the known mineralisation at the Cobalt Ridge prospect.
The new anomalies were identified via results from a recently completed geochemical soil-sampling program at Cobalt Ridge testing for extensions to previously defined mineralisation.
Corazon is continuing its exploration activities at the project, including additional sampling, mapping and geophysics, which it will use to define specific targets for the next phase of drilling.
“To date, the results of Corazon’s exploration work at Cobalt Ridge suggests the geochemical dispersion of metals within the soil profile is restricted due to the carbonate rich nature of the host rocks,” Corazon Mining said in its ASX announcement.
“As such soil sampling has proven to be a good indicator of mineralised basement.
“Four new areas of interest have been identified from this latest soil-sampling program.
“The generated anomalies are of lower tenor than that discovered over the Cobalt Ridge outcrop areas, where mineralisation outcrops.
“However, they are not closed off and may represent the margins of much larger soil anomalies.
“Field validation, infill and extension soil sampling is currently underway to further test these features.”