Latest Corazon Mining (ASX:CZN) News

Corazon Mining has made a decisive pivot to high-grade gold exploration in Western Australia, acquiring the Two Pools Gold Project and securing an option on Feather Cap, backed by a A$2 million capital raise.

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.

Corazon Mining has completed its acquisition of the Two Pools Gold Project, alongside a $2 million capital raise and a significant share consolidation, positioning itself for accelerated exploration in Western Australia’s prolific Gascoyne region.

Corazon Mining has secured an exclusive 12-month option to acquire an 80% stake in the Feather Cap Gold Project, expanding its footprint in Western Australia's prolific Gascoyne region. The project boasts significant historical gold mineralisation and offers promising exploration upside near Corazon’s Two Pools Project.

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.

Corazon Mining has secured a transformative deal to acquire the Two Pools Gold Project in Western Australia, backed by a A$2 million capital raise and the appointment of Simon Coyle as Managing Director.

Corazon Mining has completed the sale of its remaining interest in the Miriam Project, appointed Simon Coyle to its board, and continues to push exploration in Canada and Australia amid a strategic review.

Corazon Mining has finalized the sale of its remaining 15% stake in the Miriam Project to Future Battery Minerals, securing A$350,000 in cash and streamlining its asset portfolio.

Corazon Mining has completed a comprehensive VTEM™ geophysical survey over its MacBride Base and Precious Metals Project in Canada, revealing multiple conductive anomalies that could signal new massive sulphide deposits. The company is now prioritising drill targets with plans to commence drilling in late Q1 2025.

Corazon Mining's December 2024 quarterly report reveals promising exploration progress at its MacBride and Lynn Lake projects in Canada, alongside encouraging drilling results at Mt Gilmore in NSW. A recent capital raise aims to accelerate drilling in early 2025.

Corazon Mining Limited posted a $755,000 net cash outflow for the December 2024 quarter, ending with $1.13 million in cash. The company plans to continue exploration at a reduced expenditure level while monitoring its funding position closely.