Corazon Mining has identified several high-priority gold drill targets at its newly acquired Feather Cap Gold Project in Western Australia, based on a comprehensive review of historical data. The project’s strategic location near established deposits and promising historical intercepts set the stage for an imminent maiden drilling campaign.
- Multiple walk-up drill targets identified across 154km² Feather Cap project
- High-grade historical gold intercepts near Westgold’s Durack deposit
- Wembley target offers potential for early-stage production with granted mining lease
- Systematic exploration and maiden drill program planned to unlock value
- Project located in prolific Bryah-Padbury Basin, near major gold operations
Strategic Acquisition and Data Review
Corazon Mining Ltd (ASX – CZN) has revealed promising exploration prospects at its recently acquired Feather Cap Gold Project in Western Australia’s Bryah-Padbury Basin. A detailed review of historical drilling data has spotlighted multiple high-priority gold targets ripe for immediate follow-up. This low-cost, data-driven exercise underscores the potential of the 154 square kilometre tenement package, which lies adjacent to significant gold deposits.
Key Target Areas and Historical Highlights
The company has identified three main target zones – Jigsaw/Durack East, Wembley, and Feather Cap. The Jigsaw/Durack East area is particularly compelling, positioned directly along strike from Westgold Resources’ Durack deposit, which boasts a measured resource of 2.4 million tonnes at 1.2 grams per tonne gold. Historical drill results here include standout intercepts such as 20 metres at 3.01 g/t gold and 5 metres at 5.13 g/t gold, indicating robust mineralisation.
The Wembley target, which benefits from a granted mining lease, offers shallow, high-grade mineralisation with intercepts like 7 metres at 6.21 g/t gold from just 6 metres depth. This proximity to surface mineralisation could pave the way for early-stage, low-cost production opportunities. The Feather Cap area, while less explored, also shows encouraging historical intercepts warranting further investigation.
Exploration Strategy and Regional Context
Corazon’s Managing Director, Simon Coyle, emphasised the significance of these findings, noting the limited modern exploration despite strong historical results. The company plans a systematic exploration program, including heritage surveys and a maiden drill campaign, to rigorously test these targets. The project’s location within the Capricorn Orogen, a proven mineral province hosting major operations like Westgold’s Fortnum Gold Mine and Sandfire Resources’ DeGrussa deposit, further enhances its prospectivity.
Recent successes nearby, such as Tambourah Metals’ high-grade gold assays at the Beatty Park South Project, validate the geological model and highlight the potential for significant discoveries within the same geological setting.
Unlocking Value Through Modern Exploration
Corazon’s approach leverages modern exploration techniques to revisit and expand upon historical mineralised zones that were previously underexplored or inconsistently drilled. The company’s strategic option to acquire an 80% interest in Feather Cap aligns with its broader ambition to consolidate a significant gold portfolio in Western Australia’s Gascoyne and Bryah Basin regions.
With a clear pathway to drill testing and potential early production at Wembley, Corazon is positioning itself to unlock substantial shareholder value. The upcoming phases of exploration will be critical in defining the extent and economic viability of the mineralisation.
Bottom Line?
As Corazon prepares to drill, the market will watch closely to see if Feather Cap’s historical promise translates into a new gold discovery.
Questions in the middle?
- How will Corazon prioritise drilling across the three target areas?
- What are the timelines and expected costs for the maiden drill program?
- Could early production at Wembley accelerate project valuation and funding?