Two Pools Project Secures Drilling Go-Ahead After Heritage Survey Begins
Corazon Mining has initiated a heritage survey and secured government approval to begin drilling at its promising Two Pools Gold Project in Western Australia, targeting a significant gold anomaly with high-grade historical intercepts.
- Heritage survey underway in collaboration with native title holders
- Program of Work approval received for Reverse Circulation and Diamond drilling
- Focus on Target Area 1’s 1.8km x 1.2km gold surface anomaly
- Historical drill results show high-grade gold intercepts up to 34.25 g/t
- Drilling campaign set to test mineralisation depth and strike extension
Heritage Survey and Regulatory Milestones
Corazon Mining Limited (ASX:CZN) has taken a significant step forward at its Two Pools Gold Project in Western Australia by commencing a heritage survey and receiving the necessary government approvals to proceed with drilling. The heritage survey, conducted in partnership with the Gingirana people through the Marputu Aboriginal Corporation, respects the cultural significance of the land and is a prerequisite for exploration activities.
Simultaneously, Corazon secured Program of Work (PoW) approval from the Department of Mines, Petroleum and Exploration, authorising both Reverse Circulation and Diamond drilling methods. These approvals clear the way for the company’s maiden drilling campaign, a critical phase in advancing the project.
Targeting a High-Grade Gold Anomaly
The drilling program will focus on Target Area 1, a substantial gold-in-soil anomaly spanning approximately 1.8 kilometres by 1.2 kilometres. This area has been highlighted by recent geochemical analysis and a review of historical drilling data, revealing a significant gold footprint that has yet to be fully explored.
Historical drill intercepts from Target Area 1 are particularly compelling, featuring high-grade gold mineralisation such as 18 metres at 3.89 grams per tonne (g/t) gold, including 4 metres at 15.96 g/t, and other intervals with grades exceeding 20 g/t. These results suggest the potential for a valuable deposit that warrants thorough investigation.
Next Steps and Market Implications
With the heritage survey expected to conclude shortly and no anticipated issues, Corazon plans to prepare the site and mobilise drilling rigs promptly. The upcoming drilling will test both the depth and lateral extent of the mineralisation, providing critical data to assess the project’s economic potential.
Corazon’s Managing Director, Simon Coyle, emphasised the significance of these developments, noting the clear potential presented by the historical intercepts and the sizeable surface anomaly. The company’s progress at Two Pools aligns with its broader strategy of advancing high-grade gold projects in Western Australia’s prolific Gascoyne region.
Investors and industry watchers will be keenly awaiting the results of the drilling campaign, which could unlock new value and position Corazon as a notable player in the WA gold exploration landscape.
Bottom Line?
Completion of the heritage survey and drilling results will be pivotal in defining Two Pools’ future and Corazon’s growth trajectory.
Questions in the middle?
- Will the upcoming drilling confirm and extend the high-grade gold mineralisation at Target Area 1?
- How might the heritage survey findings influence the timing and scope of exploration activities?
- What are Corazon’s plans for advancing its other projects alongside Two Pools?
