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Corazon Mining Limited ( (AU:CZN) ) has provided an update.
Corazon Mining has identified two additional high-priority gold targets at its Feather Cap Gold Project in Western Australia, named Trudgeon Well and Murphy’s Creek, through a systematic review of historical drilling and surface geochemistry. Both prospects show strong surface gold anomalism, minimal prior exploration and are considered walk-up drill targets generated at low cost from legacy datasets.
At Trudgeon Well, regional sampling by Western Mining in 1991 outlined a coherent, untested 3.5km lag anomaly over prospective Narracoota Volcanics, with multiple gold peaks above 100ppb and a maximum of 760ppb. At Murphy’s Creek, historical RAB drilling and surface work have returned encouraging gold grades, and Corazon plans imminent site reconnaissance to refine targets ahead of a maiden drilling program, potentially enhancing its regional exploration pipeline and value proposition for shareholders.
More about Corazon Mining Limited
Corazon Mining Limited is an Australian exploration company focused on gold projects in Western Australia, particularly within the Bryah-Padbury Basin of the Capricorn Orogen. The company targets underexplored areas with historical geochemical anomalies and limited modern drilling, aiming to generate low-cost, high-impact discoveries that can be advanced rapidly along a potential development pathway.
Average Trading Volume: 176,873
Technical Sentiment Signal: Sell
Current Market Cap: A$14.34M
See more insights into CZN stock on TipRanks’ Stock Analysis page.