Corazon Mining has officially pulled the trigger on a maiden diamond drilling campaign at the company’s Two Pools gold project in Western Australia. The promising ground sits just 60 kilometres north of the six-million-ounce Plutonic gold mine.
With the rods now spinning on site following receipt of final heritage approvals, the new 1,000-metre campaign marks a significant shift for the company from fieldwork to drilling high-impact targets.
In particular, the drill bit will focus on defining high-grade lodes and testing an unexplored northwest extension of the prolific Plutonic-Marymia belt.
The company is going big with its first program, aiming straight for the geological 'sweet spots' that have historically delivered high-grade hits, including a healthy 12 metres at 8.9 grams per tonne(g/t) gold from 75m,18m at 3.9g/t gold from 83m and 8m at 7.8 g/t gold from 68m.
By using diamond core, Corazon aims to get a high-fidelity look at the rock fabric, allowing geologists to pinpoint exactly where the gold is hiding within the complex shear zones.
Corazon is going deep to test the “roots” of the system, drilling to 400m – more than five times deeper than previous work – in a bid to prove a 5m hit at 3.6g/t from 236m is part of a much larger structure, not a one-off.
Corazon Mining managing director Simon Coyle said: “The completion of the heritage report and drill rig mobilisation is a pivotal step toward the commencement of our maiden drilling program at Two Pools. We believe this program offers substantial upside, with the potential to materially expand the known mineralised footprint and unlock the true scale of the Two Pools project.”
If this deep hole lands, it could confirm management’s long-held belief that mineralisation lurks below. This could completely change the potential scale and value of the Two Pools gold project.
The company says the results will directly guide a significant follow-up reverse circulation drilling campaign targeting strike and plunge extensions of the main system.
Whilst the diamond rig does the heavy lifting at Two Pools, Corazon is also keeping a close eye on its Feather Cap gold project, which is shaping up as a significant secondary front for the company.
Positioned in the Bryah-Padbury Basin 140 kilometres north of Meekatharra in Western Australia, the project hosts several "walk-up" drill targets. These include the Durack East and Wembley prospects.
Recent data reviews confirmed strong mineralisation at site, with shallow historical results such as 20m at 3.01g/t gold and 7m at 6.21g/t gold. Once defined, Corazon aims to integrate Feather Cap into a broader regional strategy to build a robust mineral resource.
It looks like "game on" for Corazon in Western Australia. By focusing on high-grade targets and structural complexity, the company is looking to build a significant gold inventory.
With core samples being packed for the laboratory and the diamond rig finally testing those promising high-grade targets at Two Pools, Corazon is finally putting its new-look strategy to the test.
Add in its Feather Cap project looming large as a high-value backup, the market will no doubt be watching closely to see if the drill bit can turn geological theory into hard reality.
If the lab results match the geological optimism, Corazon could be on the cusp of a very bright, very golden future.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
By Murray Ward
