Corazon Mining (ASX:CZN) clears final approvals for maiden drilling at Two Pools
February 27, 2026Corazon Mining has moved to the cusp of first drilling at its 100%-owned Two Pools Gold Project in Western Australia, with the commencement of a heritage survey and receipt of Program of Work approval marking the final regulatory steps before rigs can mobilise.
The approvals bring operational clarity to a project centred on a substantial gold-in-soil anomaly that has already delivered notable historical intercepts but remains underexplored.
Highlights
- Heritage survey underway ahead of maiden drilling at the Two Pools Gold Project, Western Australia.
- Program of Work approval (ID 206639) received for Reverse Circulation and Diamond drilling from the Department of Mines, Petroleum and Exploration.
- Target Area 1 hosts a 1.8km x 1.2km gold-in-soil anomaly and will be the focus of initial drill testing.
- Historical intercepts at Target Area 1 include 18m @ 3.89g/t Au from 83m incl. 4m @ 15.96g/t Au from 95m (MRC693), 8m @ 7.83g/t Au from 68m incl. 3m @ 20.12g/t Au from 69m (MRC701), 12m @ 8.89g/t Au from 79m incl. 3m @ 34.25g/t Au from 80m (MRC703), and 2m @ 10.82g/t Au from 76m (MRC574).
- Completion of the survey will enable drill access preparation and rig mobilisation.
The survey has commenced following advice from the relevant Aboriginal representative body and is being undertaken in collaboration with the Gingirana people through Marputu Aboriginal Corporation RNTBC, the registered native title holders for the area.
Concurrently, the Company has secured PoW approval from the Department of Mines, Petroleum and Exploration, removing the remaining regulatory impediments to drilling.
Target Area 1, located in the north and northeast of the project area, contains a primary gold surface anomaly extending over 1.8km x 1.2km, as defined by recent geochemical analysis and a review of historical drilling data.
This footprint represents a significant gold anomaly that has not been systematically tested at depth or along strike.
The forthcoming programme is designed to test the depth and strike extension of known mineralisation at the project.
Managing Director Simon Coyle framed the approvals as a transition point for the project, stating,
“The commencement of the heritage survey and the approval of our PoW are key steps for the Two Pools Project. With a significant 1.8km x 1.2km surface anomaly at Target Area 1 and historical high-grade gold intercepts that have never been followed up, we see clear potential here. We look forward to completing the survey and moving the rigs onto the ground to test these high-priority areas.”
The heritage clearing survey is expected to conclude in coming days, with the Company not anticipating any issues, and upon completion and receipt of the final report, site preparation and drill rig mobilisation are intended to commence shortly thereafter.
Two Pools forms part of Corazon’s broader Western Australian gold strategy, which focuses on rapid exploration and advancement of its gold portfolio in the Gascoyne Region.
The project is located within the Plutonic-Marymia Greenstone Belt and is complemented by the Feather Cap Gold Project in the Bryah-Padbury Basin, while the Company also holds the 100%-owned Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada.
With regulatory approvals now secured and field access imminent, the immediate focus shifts from permitting to execution.
The maiden drilling campaign at Target Area 1 will provide the first modern test of a sizeable surface anomaly supported by historical high-grade results, positioning the next phase of exploration as a defined operational milestone for the Company’s WA gold portfolio.
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