19/07/2013 - 13:30

Corazon shares soar after discovery

19/07/2013 - 13:30


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Corazon shares soar after discovery
Corazon Mining has discovered sulphide in its copper gold project Top Up Rise

Subiaco based explorer Corazon Mining's share price soared today following an announcement regarding its exploration activities in the Gibson Desert.

Corazon said that drilling at its 75 per cent owned Top Up Rise copper-gold project had intersected a broad zone of sulphide mineralisation - including massive sulphide.

The company's share price soared in response to the news, trading at 5.8 cents at 1.00pm local time.

This was a 114 per cent increase from the company's closing share price yesterday of 2.7 cents.

Corazon said the primary target of the project is a 10 kilometre by 6 kilometre gravity anomaly.

It also said tests are underway to determine the extent of defined sulphide mineralisation with the results expected in August. 


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