THE DRILL SERGEANT: Corazon Mining (ASX: CZN) released new assay results from the current phase of drilling underway at the Cobalt Ridge deposit within the company’s Mt Gilmore project in New South Wales.
Results have now been returned for 12 of the 15 holes completed to date, which the company said have continued to deliver highly encouraging results, with 10 holes intersecting notable mineralisation.
Source: Company announcement
Corazon Mining explained results are currently pending for an additional three completed holes which targeted the high- grade Cobalt Ridge Main Lode.
The company anticipates these results to be ready soon, and drilling remains ongoing.
“The current phase of exploration at Mt Gilmore has focused on the Cobalt Ridge prospect area and includes drilling and surface sampling,” Corazon Mining said in its ASX announcement.
“Drilling for the program at Cobalt Ridge has to date focused on stepping out and testing new areas of potential mineralisation.
“Results have been extremely encouraging with multiple of sulphidic lodes identified in addition to the Main Cobalt Ridge Lode.
“Drilling at the Main Lode has intersected strong mineralisation in line with Corazon’s previous drilling results, and the maiden holes into the Flintoff’s target, has supported the presence of cobalt-copper-gold sulphide mineralisation.
“The results to date provide encouragement for the potential extension of the project’s target area.”