Corazon Applies for 50km Tenement, Revealing Promising Gold Anomalies in WA
Corazon Mining has lodged a new tenement application adjacent to its Two Pools Gold Project in WA, revealing promising surface gold anomalies and a compelling structural setting for further exploration.
- New 50km tenement application (E52/4521) contiguous with Two Pools Gold Project
- Surface geochemical anomalies indicate potential extension of gold-bearing greenstone belt
- Project located in prolific Plutonic-Marymia terrain near major gold deposits
- Limited modern drilling in new area presents significant exploration upside
- Systematic exploration including maiden drilling and gravity surveys planned
Strategic Expansion in a Proven Gold Region
Corazon Mining Ltd (ASX – CZN) has taken a decisive step to broaden its footprint in Western Australia's Gascoyne region by lodging a new tenement application (E52/4521) covering 50 kilometres contiguous to its existing Two Pools Gold Project. This move follows a detailed geological and structural review conducted by Terra Resources, which identified a previously unrecognised extension of the greenstone belt known to host gold mineralisation.
Compelling Geological and Geochemical Evidence
The newly applied-for tenement area has seen little to no modern exploration, making it a fresh frontier for Corazon. Surface geochemical sampling has revealed elevated gold anomalies, reinforcing the interpretation of an undercover extension of the mineralised greenstone belt. The structural setting, characterised by regional faults cross-cut by east-west thrust faults, mirrors the geology of major deposits in the region, such as Catalyst Metals’ Trident deposit and the Plutonic Gold Mine, which boasts over 7.5 million ounces of gold production.
Unlocking Value Through Systematic Exploration
Corazon’s Managing Director, Simon Coyle, emphasised the significance of the findings, noting that the low-cost data review has generated multiple high-priority drill targets ready for immediate follow-up. The company plans to undertake a systematic exploration program upon tenement grant, including compiling existing drill data, planning new drill holes to test extensions of known mineralisation, and conducting gravity surveys to better define the greenstone sequences beneath shallow granite and Proterozoic cover.
Positioned in a Highly Prospective Terrain
The Two Pools Gold Project sits within the Plutonic-Marymia geological terrain, a region renowned for its rich gold endowment. Corazon’s expansion strategy aligns with its broader focus on high-grade gold exploration in Western Australia, complemented by its portfolio of battery and base metal assets in Canada. This dual approach aims to balance near-term exploration upside with longer-term development potential in critical minerals.
Looking Ahead
With the tenement application lodged and promising geological indicators in hand, Corazon is poised to accelerate its exploration activities. The upcoming drill programs and geophysical surveys will be critical in testing the newly identified targets and potentially expanding the known mineralisation footprint at Two Pools.
Bottom Line?
Corazon’s strategic tenement expansion sets the stage for a potentially transformative phase in its WA gold exploration journey.
Questions in the middle?
- When will the new tenement application be granted and exploration commence?
- What initial results will the maiden drilling and gravity surveys yield?
- How might these findings impact Corazon’s resource estimates and valuation?
