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Corazon Mining Ltd.
Summary
| Project: | Mt Gilmore | |
|---|---|---|
| Deposit: | Cobalt Ridge | |
| Location: | Australia | |
| Commodities: | Cobalt-Copper-Gold | |
| Date: | 10/6/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-10-2017: Corazon Mining Ltd. announces an Exploration/Drilling Update report for its Cobalt Ridge deposit at the Mt Gilmore project. Drilling results incl. 14m @ 0.27% Co, 0.16% Cu, 0.06g/t Au from 44m. Corazon Mining Limited (ASX: CZN) (“Corazon” or “t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Brett Smith (Internal) | |
| ABSTRACT: | Corazon Mining Limited (ASX: CZN) (“Corazon” or “the Company”) is pleased to announce results from the first batch of assays returned from its current phase of drilling at the Cobalt Ridge Deposit (“Cobalt Ridge”) within the Mt Gilmore Project (“Project”) in New South Wales. Initial assay results for two reverse circulation (RC) holes and one RC pre-collar hole have further validated the exploration model for Cobalt Ridge and its potential as a high-grade cobalt development opportunity. Drilling at Cobalt Ridge commenced on 22 August 2017, with the proposed program comprising 21 holes for approximately 3,300 metres to test priority targets at Cobalt Ridge. To date Corazon has completed eight RC holes, two with core extensions (tails) and one core metallurgical hole. Drilling at the Main Lode has intersected strong mineralisation in line with Corazon’s previous drilling results (ASX announcement 16 January 2017), and the maiden holes into the Flintoff’s target has visual mineralisation similar to that at the Main Lode, providing encouragement for the potential extension of the Project’s target area. Significant intercepts are presented in Table 1 and additional information regarding the drilling is provided in Table 2. Drill hole MGRC024 (Figure 1) is a resource definition infill hole within the Main Lode at Cobalt Ridge. Strong mineralisation and alteration was intersected over 34 metres. Significant intercepts are present in Table 1, with additional information provided in Table 2. The Main Lode has been previously drill tested over a strike of approximately 200 metres and supports high-grade cobalt sulphide mineralisation, as well as copper and gold credits. The best results from previous drilling of the ‘Main Lode’ are from MGRC002, with the closest previously drilled hole to MGRC024 being MGRC006 (results below - CZN ASX announcement 16th January 2017). | |
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