Corazon Mining initiated drilling at the May Queen copper-gold porphyry target within the Mt Gilmore Project in northern New South Wales.
This follows advanced mineral chemistry studies which marked May Queen as a high-priority exploration target.
The program comprises two diamond core holes totalling 1000m.
Managing Director Brett Smith highlighted the significance of this development. "May Queen is a particularly exciting target. The entire twenty-kilometre strike of the Mt Gilmore Project displays many characteristics typical of large porphyry copper-gold systems."
The target area at May Queen is identified based on outcropping sulphide mineralisation, favourable hydrothermal alteration, high copper-in-soil signatures, and geophysical anomalies.
Previous rock chip samples from 2019 support this potential, returning notable copper, gold, and silver values, including 9.29% Cu, 0.11g/t Au, and 74.7g/t Ag.
The Mt Gilmore Project presents a significant exploration challenge due to its extensive hydrothermal system, covering more than 20km.
The May Queen target, a notable feature with a 2km strike, is positioned northwest of the Gordonbrook Hill and Cobalt Ridge prospects.
The current drilling program aims to test for a concealed copper-gold porphyry system, utilising advanced vectoring methodologies developed by CODES at the University of Tasmania.
Initial results from this drilling will provide crucial insights into the potential of this target.
Corazon Mining is a mineral resource and exploration company. The company is an explorer advancing the Lynn Lake Nickel-Copper-Cobalt Sulfide Project in Manitoba, Canada, as well as the Mt Gilmore cobalt-copper-gold (Mt Gilmore) and Miriam nickel Sulfide projects (Miriam) in Australia.
At the time of reporting, Corazon Mining’s share price was $0.006.