For thousands of other reports visit RSC's Mineral Intellingence Map
Corazon Mining Ltd.
Summary
| Project: | Mt Gilmore | |
|---|---|---|
| Deposit: | Cobalt Ridge | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 8/27/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 27-8-2018: Corazon Mining Ltd. announces an Exploration/Drilling Update report for its Cobalt Ridge deposit at the Mt Gilmore project. Drilling results incl. 27m @ 0.47% Co from 49m. Corazon Mining Limited (ASX: CZN) (Corazon or Company) is pleased to ann | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brett Smith (Internal) | |
| ABSTRACT: | Corazon Mining Limited (ASX: CZN) (Corazon or Company) is pleased to announce the first batch of assay results from its ongoing drilling program at the Mt Gilmore Cobalt-Copper-Gold Project (Project) in New South Wales. The Company has received assay results from five holes (MGRC041 – MGRC043 and MGRC045) at the priority Cobalt Ridge prospect. Assay results from three holes are highly encouraging, identifying multiple cobalt-rich lodes within a broader package of mineralisation that identifies the Main Lode at Cobalt Ridge. A highlight to date is the high-grade result of 5m @ 2.14% Cobalt (Co) within a broader intersection of 27m @ 0.47% Co from a down-hole depth of 49m, in drill hole MGRC042 (Table 1 and Figure 1). This hole appears to have identified the faulted-off western extension of the Main Lode and is highly representative of the main target at Cobalt ridge. Significant intersections are provided in Table 1 with drill hole locations provided in Figure 2. Commenting on the results Corazon Managing Director Brett Smith said; “We are very pleased with these results. Cobalt Ridge is an intensely altered, structurally complex system and every drill hole helps us gain a greater understanding of this deposit. It’s a hole by hole process, however the results continue to validate and strengthen the Company’s belief that Cobalt Ridge has the potential to host a significant sulphide-dominant cobalt deposit, the understanding of which can then be applied to the greater Mt Gilmore Project area.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report