Corazon Mining (ASX:CZN) completes maiden drilling at Two Pools, assays fast-tracked

Corazon Mining has completed its maiden diamond drilling program at the 100% owned Two Pools gold project in Western Australia, with the final hole of the four-hole campaign reaching total depth on 9 April 2026.

The program was designed to test structural targets and zones hosting historical high-grade intercepts, while addressing the limited depth of previous exploration, which averaged less than 75m.

Highlights

• Four-hole maiden diamond drilling program completed at Two Pools
• Total metreage of 995m, exceeding the planned 920m
• Visual logging confirms the mineralised system at depth and validates the structural thesis underpinning the program design
• Program targeted zones with historical intercepts including 12m @ 8.9g/t Au and 8m @ 7.8g/t Au
• One hole reached 400m targeting the NW-trending down-plunge extension of the system
• Assays fast-tracked, with first results expected in the coming weeks
• Structural data to guide follow-up RC drilling campaign in Q2 CY2026

The four-hole program totalled 995m, exceeding the original 920m plan as holes were extended where core warranted further investigation.

Drilling included two structural holes into the core of the mineralised area to define the geometry of primary high-grade lodes, one deep hole of at least 400m targeting the NW-trending down-plunge extension of the system, and one hole testing structural orientation on the south eastern side of the drill area.

Historical drilling within the project area returned intercepts including 12m @ 8.9g/t Au from 79m, 18m @ 3.9g/t Au from 83m, and 8m @ 7.8g/t Au from 68m, with a deeper intercept of 5m @ 3.6g/t Au from 236m located approximately 300m from the main mineralised area.

These zones were incorporated into the targeting strategy for the maiden program.

Core from the program was transported to Kalgoorlie during drilling for cutting and preparation before being dispatched to Bureau Veritas for assaying, with assays fast-tracked and first results anticipated over the coming weeks to be released to the ASX following QAQC review.

Corazon Managing Director Simon Coyle said

“What we’ve seen visually in the core has met and exceeded our geological expectations; the structure and mineralisation we were targeting is clearly present, and the system remains wide open at depth and along strike.”

Data from the program, including ongoing core logging and structural interpretation, will be incorporated into planning for a follow-up RC drilling campaign targeting strike and plunge extensions of the main mineralised system, expected in Q2 CY2026.

In addition, low-level exploration activities across the broader Two Pools tenement package are planned to define additional drill targets for follow-up drilling during H2 CY2026.

The completion of the maiden diamond drilling program represents the first systematic structural investigation of the Two Pools project at depth, with subsequent results from the fast-tracked assay program expected to provide further data for ongoing exploration planning.