THE BOURSE WHISPERER: Corazon Mining (ASX: CZN) has completed a Heritage Survey and clearance for ground geophysical work programs at the company’s Top Up Rise project in Western Australia.
The company signed a land access agreement in December 2012 with the Tjamu Tjamu (Aboriginal Corporation) RNTBC and Ngaanyatjarra Land Council (Aboriginal Corporation) on the TUR project.
Corazon then submitted work programs for detailed ground geophysics over the target area.
Earlier this month, the Tjamu Tjamu visited the site proposed for exploration and subsequently provided clearances for the commencement of exploration.
Corazon indicated arrangements are underway for a ground gravity survey to occur in the next few weeks.
Corazon secured the option to earn up to 75 per cent of Border Exploration last year, which owns 100 per cent of the TUR project.
Project and anomaly location. Source: Company announcement
Top Up Rise contains a gravity anomaly that has been defined from multiple stations on a 2.5 kilometre spaced grid pattern, upon which Corazon proposes to conduct a detailed gravity survey over the existing gravity high and surrounds.
The proposed gravity survey will take between two and three weeks to complete.
The company anticipates it will provide sufficient detail from which drill targets can be defined and hopefully be ready for drilling, which is planned for April-May.
The TUR project is located in the Gibson Desert region of north-eastern Western Australia and is considered to be prospective for large gold-copper intrusive related and iron-oxide copper gold (IOCG) deposits, similar in style to Olympic Dam, Prominent Hill and Carapateena.