Two Pools Project Area to Grow 50% with New 99km² Tenement Application
Corazon Mining has lodged a significant tenement application to nearly double its Two Pools Gold Project area in Western Australia, targeting a promising mineralised corridor identified through geophysical analysis.
- New tenement application covers 99km², expanding Two Pools Project to 296km²
- Targeting a high-priority mineralised trend extending northwest under cover
- Historical drilling shallow and limited, with strong potential for deeper gold discoveries
- No competing applications over the new area at time of lodgement
- Plans underway to integrate new ground into ongoing exploration programs
Strategic Expansion in a Proven Gold District
Corazon Mining Ltd (ASX, CZN) has taken a decisive step to broaden its footprint in the Murchison region of Western Australia by submitting a new tenement application covering approximately 99 square kilometres. This move would increase the total area of its Two Pools Gold Project to 296 square kilometres, consolidating its position in a region known for significant gold mineralisation.
The newly applied-for tenement, designated E52/5407, strategically targets an interpreted northwest-plunging mineralised trend identified through Corazon’s ongoing geophysical studies. This corridor extends beyond the boundaries of the company’s current tenure, which it is in the process of acquiring pending shareholder approval. Notably, there were no competing applications over this area at the time of lodgement, underscoring Corazon’s proactive approach to securing prospective ground.
Untapped Potential Beneath the Surface
Historical exploration in the new tenement area has been limited to shallow rotary air blast drilling averaging just 40 metres in depth. This leaves considerable scope for discovering deeper, concealed gold mineralisation. Supporting this optimism is previous drilling on adjacent ground within the Two Pools Project, which intersected high-grade gold at depth, including a notable intercept of 5 metres at 3.61 grams per tonne from 236 metres down.
Corazon’s Managing Director, Simon Coyle, highlighted the rationale behind the expansion, “Our technical work has revealed a compelling, untested target extending beyond our current landholding. Securing this corridor allows us to leverage the full discovery potential of this mineralised system for our shareholders.”
Next Steps and Exploration Outlook
Upon granting of the tenement, Corazon plans to immediately incorporate the new area into its comprehensive geological review. This will involve detailed geophysical reinterpretation and planning for systematic on-ground exploration programs. The company’s approach reflects a methodical strategy to unlock value by combining advanced geophysical techniques with targeted drilling campaigns.
Corazon’s dual focus on high-impact gold exploration and critical minerals projects positions it well within evolving market dynamics, balancing near-term discovery potential with longer-term strategic assets.
Bottom Line?
Corazon’s expansion signals growing confidence in Two Pools’ deep gold potential, setting the stage for a pivotal exploration phase.
Questions in the middle?
- When will the new tenement application be granted and exploration commence?
- What are the specific geophysical indicators driving the targeting of the northwest-plunging trend?
- How might deeper drilling results impact Corazon’s resource estimates and project valuation?
