Corazon Mining (ASX:CZN) expands Two Pools Gold Project with 99km² tenement application

Corazon Mining Limited (ASX:CZN) has applied for an additional 99 square kilometres of ground at the Two Pools Gold Project in Western Australia’s Murchison region.

If granted, the new tenement will expand the project to 292 square kilometres, consolidating the company’s position in a highly prospective gold district.

The ground is strategically located along the interpreted northwest plunge of a mineralised corridor identified by recent geophysical work and remains largely underexplored, with significant potential for discovery at depth.

To provide further detail on this development, Simon Coyle, Managing Director of Corazon Mining, addressed several questions commonly raised by investors.

Why did Corazon apply for the new tenement at Two Pools?

The decision to lodge the application followed technical work that identified a mineralised corridor plunging northwest beyond the company’s existing tenure.

By moving quickly, Corazon has secured this prospective extension at a time when no competing applications exist.

“The new application, which covers 32 sub blocks, was lodged to secure this potential extension and ensure Corazon controls the entire length of this target area rather than leaving a highly prospective section outside our reach.”

This approach is consistent with the company’s strategy of consolidating landholdings in areas where data indicates the presence of high-quality mineralised systems.

How much additional ground does this tenement add to the project?

The application covers 32 sub blocks across 99 square kilometres.

Once granted, it will expand the overall Two Pools Gold Project to 292 square kilometres. This is a meaningful increase that provides the continuity required to undertake project-wide exploration programs along strike and at depth.

The larger landholding ensures Corazon has control over the entire corridor, enabling exploration without restrictions from tenure boundaries and giving the company greater flexibility in planning systematic work.

What makes this new area prospective for gold?

The new ground is considered highly prospective because it has not been effectively explored.

Historical activity was limited to shallow Rotary Air Blast drilling averaging only 40 metres in depth, which did not adequately test for mineralisation beneath cover.

By contrast, drilling on the adjoining Two Pools ground has already confirmed mineralisation at depth. One example is hole MRC691, which intersected 5 metres at 3.61 grams per tonne gold from 236 metres.

“These results demonstrate that the system is mineralised at depth and provide confidence that the trend could extend into the new ground.”

This evidence supports the potential for the mineralised system to continue into the application area, which has never been systematically tested with deeper drilling.

How does this move fit into Corazon’s broader exploration strategy?

Corazon’s strategy focuses on securing tenure in regions with clear geological indications of large mineralised systems, then applying systematic exploration to unlock their potential.

At Two Pools, geophysics has highlighted extensions of the system and drilling has demonstrated gold beneath cover.

“By applying for this additional ground, we are consolidating control of the mineralised corridor and protecting future exploration upside for our shareholders.”

The application strengthens the company’s control, allowing a coordinated exploration approach across the entire project area.

This reduces the risk of leaving gaps along the mineralised trend and ensures continuity in advancing the project.

What are the next steps following this application?

The company will incorporate the new ground into its geological review of the Two Pools Project.

This includes continuing detailed geophysical interpretation across the existing tenure and re-examining public domain data that covers the new area.

Once the tenement is granted, Corazon intends to commence systematic on-ground exploration programs to test the most prospective targets.

These programs will build on confidence gained from earlier drilling, where mineralisation has already been intersected at depth.

This approach ensures exploration momentum is maintained as soon as approvals are finalised.

Strengthening the Two Pools Growth Platform

The expansion of the Two Pools Gold Project represents a logical and strategic step that secures long-term exploration opportunities in a proven gold district.

By enlarging its landholding, Corazon has consolidated control of a mineralised corridor with demonstrated potential and prepared the ground for systematic exploration on a broader scale.

As Simon Coyle, Managing Director of Corazon Mining, explained in this Q&A, the company is committed to ensuring shareholders are positioned to benefit from the full discovery potential of the project as exploration advances.

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