Corazon Mining Ltd (ASX:CZN) has embarked on the next phase of porphyry copper exploration at its Mt Gilmore Project in northern New South Wales.
The Australian resources company has started geochemical studies and testing at the copper-cobalt-gold project, where the plan is to define drill targets across more than 20 kilometres of mineralised trend.
Initial sampling has already been completed, with geochemical analysis planned before year’s end — work that could define copper targets for drilling as soon as early 2023.
Building on past results
Corazon’s new work phase follows an initial batch of mineral geochemical studies, completed by Centre of Ore Deposit and Earth Sciences (CODES) at the University of Tasmania.
While the initial phase showed the explorer that key geochemical characteristics — coincident with large porphyry copper-gold deposits — are present at Mt Gilmore, the size and complexity of the soil anomalies make effective drill targeting difficult.
As a result, the new program is a more detailed study of these geochemical characteristics over a much broader area.
To date, roughly 55 sites have been sampled, covering ground from the Cobalt Ridge deposit to the May Queen prospect. Corazon will collect further samples throughout the study.
Moving ahead, analysis will kick off at the Gordonbrook Hill prospect, where a mineralised porphyry was identified in surface mapping/sampling and drilling.
Road to effective drill testing
Corazon managing director Brett Smith has endorsed the work programs at Mt Gilmore.
“We believe that through this mineral geochemical targeting program, the prospectivity for copper, cobalt and other metals at Mt Gilmore has been significantly increased,” he explained.
“If the next round of studies by CODES is successful, we will have saved an enormous amount of capital and time on exploration drilling and be in a good position to effectively drill test this exciting, potentially district-scale exploration opportunity.”
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