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Corazon Mining Ltd.
Summary
| Project: | Mt Gilmore | |
|---|---|---|
| Deposit: | Cobalt Ridge | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 12/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-12-2017: Corazon Mining Ltd. announces an Exploration/Drilling Update report for its Cobalt Ridge deposit at the Mt Gilmore project. Drilling results incl. 2m @ 1.37% Co, 1.02% Cu, .036g/t Au from 147m. Corazon Mining Limited (ASX: CZN) (Corazon or Com | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brett Smith (Internal) | |
| ABSTRACT: | Corazon Mining Limited (ASX: CZN) (Corazon or Company) is pleased to announce additional high- grade assay results from its recently completed drilling program at the Cobalt Ridge Deposit (Cobalt Ridge), located within the Company’s Mt Gilmore Project (Project) in New South Wales. Results from a further four holes have been returned and are reported in this announcement, with another two holes pending receipt. Best results from these latest assays were from holes MGRC038 and MGRC039, which tested geologically complex areas within the Cobalt Ridge Main Lode. Table 1 includes significant drill intercepts from the current drilling campaign, with the better results from the new assays received including n total, the completed drilling program included 18 holes for 3,189m, for 2,426m of RC and 763m of core. Drilling has highlighted multiple cobalt, copper and gold mineralised trends in what is interpreted by the Company as a long-lived multiphase alteration and mineralising event (Figure 1, Table 1). High-grade, narrow zones of cobalt mineralisation are a common feature within the broad anomalous areas outcropping at Cobalt Ridge. The best individual sample from these recent results was 1 metre at 2.5% cobalt. In addition to the high-grade results, the value of the lower- grade background mineralisation at Cobalt Ridge has been highlighted by the latest metallurgical testwork (ASX announcement 6th December, 2017). The testwork indicates the potential for easy beneficial separation and capture of more than 90% of the cobalt, copper and gold, very early in the processing route. | |
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