Corazon Mining has identified two high-priority gold targets at its Feather Cap project in WA’s Eastern Gascoyne region following a systematic review of historical exploration data.
Desktop studies have revealed a 3.5-kilometre-long anomaly and an additional drill-ready prospect along strike from an established deposit, immediately expanding the company’s exploration pipeline ahead of upcoming field programs.
Corazon’s new lag anomaly runs across its Trudgeon Hill prospect and looks to be a coherent stretch of anomalous gold concentrated in surface gravels. Notably, the target has never been kissed by the drill bit.
Soil sampling by Western Mining in 1991 showed multiple peaks exceeding 100 parts per billion(ppb) of gold across the entire strike length. One outstanding sample in the south of the anomaly topped out at a mouthwatering 760 ppb of gold – the sort of early reading that tends to get the geos’ pulses racing.
This big new find appears to have handed Corazon a compelling walk-up target, ripe for the rotary truth-teller when the inevitable maiden drill campaign gets underway.
At Corazon’s Murphy’s Creek prospect, another standout target within Feather Cap, the story gets even more compelling. The prospect lines up directly along strike from Westgold’s nearby Durack gold deposit, which hosts 112,000 ounces, giving Murphy’s Creek some serious geological pedigree.
A 1998 aircore drilling campaign by Troy Resources ran across a one-kilometre by 1km grid, delivering a standout hit of 10 metres grading 0.6 grams per tonne(g/t) gold from 20m, which featured a solid 5-metre section grading 1.0g/t gold from 25m.
Additional surface work by Troy identified outcropping vein material grading 1.13 g/t gold, with samples reaching 39ppb of gold.
Notably, the historic campaign didn’t test below 40 metres despite several holes ending in meaningful gold shows. Corazon says the mineralisation appears to remain open at depth and along strike, suggesting something more significant could be lurking below.
The Feather Cap project sits strategically in the Gascoyne’s Bryah-Padbury Basin, within the Capricorn Orogen of Western Australia.
The basin has a long history of endowment. Regional mining centres at Fortnum, Peak Hill, Horseshoe and Labouchere have collectively produced two million ounces of gold. Feather Cap’s proximity to Westgold’s Fortnum processing plant - flagged to be upgraded to 1.5 million tonnes per annum - may also give Corazon toll treatment options.
Corazon Mining managing director Simon Coyle said: "This low-cost exercise has immediately generated multiple high priority, walk-up drill targets that have seen little to no modern exploration."
The company's Western Australian portfolio also features the Two Pools gold project, positioned within the Plutonic-Marymia Greenstone Belt. The project hosts high-grade historical gold intercepts, including 12m grading 8.9g/t and 8m grading 7.8g/t gold.
Corazon is currently conducting a first-ever deep diamond drilling campaign across Two Pools to test the depths of some tantalising sub-surface finds, with assays already fast-tracked for release in the next few weeks.
Beyond gold, Corazon maintains its wholly owned Lynn Lake nickel-copper-cobalt sulphide play in Canada. The project hosts a significant JORC resource of 116,000 tonnes of nickel, 54,300 tonnes of copper and 5300 tonnes of cobalt, offering the company valuable critical minerals exposure.
With some compelling evidence now emerging from desktop studies, Corazon says it's keen to get boots on the ground at Trudgeon Well and Murphy’s Creek with planned site reconnaissance on the cards. Work will initially focus on assessing ground conditions and the geological setting to refine drill targeting.
Surface mapping and follow-up sampling at Trudgeon Well is also being prioritised to rank specific areas within the big anomaly. The data will then be integrated into a maiden drilling program. Drill program planning is also progressing for Murphy’s Creek to test the depth and strike potential of historical drill hits.
Corazon Mining appears to be gaining significant momentum at its Feather Cap gold project, headlined by the revelation of a significant 3.5-kilometre gold target.
With drilling programs on the horizon and assay results pending from the maiden Two Pools program, Corazon is positioned to deliver a steady stream of news.
The company’s "clever gold strategy" is likely to put it on the radar for punters as the junior explorer looks to systematically unlock value in the Bryah Basin
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
By Murray Ward
