Corazon Mining (ASX:CZN) expands Two Pools Gold Project footprint with new tenement application

Corazon Mining (ASX:CZN) has taken a further step in advancing its Western Australian gold strategy with the lodgement of a new tenement application adjoining the Two Pools Gold Project, located in the Gascoyne region.

The new ground covers approximately 50 square kilometres and targets a newly interpreted extension of the greenstone belt that hosts known gold mineralisation at the project.

The interpretation was developed following a geological and structural review conducted by Terra Resources, which analysed regional geophysical and geological datasets to map potential continuation of the prospective belt beneath shallow cover.

This expansion sits within the broader Plutonic Marymia geological terrain, a district known to host major gold deposits including the Trident deposit and the more than seven and a half million ounce Plutonic Gold Mine.

The region has a history of yielding long life, large scale gold systems, and Corazon’s recent work has identified multiple high priority exploration targets that have seen limited modern testing.

To provide further clarity for investors, Managing Director Simon Coyle addresses key questions regarding the scope and significance of the project.

What is the strategic importance of the new tenement application?

The new tenement area directly adjoins the existing Two Pools Project and covers a section of greenstone sequence that had not previously been recognised in this level of detail.

The geological review completed by Terra Resources highlighted that the same belt which hosts known mineralisation at Two Pools continues under shallow surface cover into the application area.

This means the additional ground expands our exposure to the same favourable lithologies and structural trends already known to be mineralised. It also provides a larger continuous footprint to plan and execute systematic exploration programs across.

“The application targets a newly interpreted, undercover extension of the same greenstone belt that hosts the known Two Pools mineralisation with elevated gold in surface geochemistry.”

This alignment between geological interpretation and surface sampling results provides a clear and technically supported basis for the expansion.

What evidence indicates gold mineralisation may extend into this new area?

Historical surface sampling has returned elevated gold values along the interpreted strike of the greenstone belt.

These results, combined with the mapped structural continuities, provide a factual geochemical and geological basis for continued exploration.

Importantly, the area has seen little to no modern drilling, meaning the potential mineralised system in this region has not yet been adequately tested.

“New tenement area has seen limited to no modern drilling, representing a significant, untested exploration opportunity.”

The presence of anomalous gold geochemistry across the interpreted continuation of the belt makes this a priority zone for targeted drilling and follow up field work.

How does the structural setting compare with other deposits in the region?

The project is located within the Plutonic Marymia terrain, where folded and thrusted greenstone sequences and later north north east trending faults are recognised as important controls on gold mineralisation.

This structural environment is comparable to those that host several large deposits in the belt.

While every project is unique, exploration in a region with proven geological fertility increases the likelihood that systematic investigation may result in the identification of new mineralised zones of interest.

What are the next steps planned for exploration?

The immediate focus is preparation for systematic on ground activity once the tenement is granted.

This includes compiling drilling data across the extended project area, planning initial drill holes to test strike extensions of known mineralisation, and undertaking a gravity survey.

The gravity survey is designed to better define the greenstone units beneath shallow granite and Proterozoic cover, improving target resolution and guiding drill placement.

The aim is to progress the project through a structured technical approach supported by data at each stage.

How does this expansion fit within Corazon’s broader company strategy?

The Two Pools Project is one of two key projects forming Corazon’s Western Australian gold strategy.

The goal is to advance high quality targets in regions that are both underexplored and geologically well endowed.

In parallel, the company holds the Lynn Lake nickel copper cobalt sulphide project in Canada, which provides longer term exposure to critical minerals.

This combination gives the company both near term exploration upside and sustained leverage to longer term market thematic opportunities.

Positioning for systematic advancement

“We are extremely pleased with the results of this historical data review and geological interpretation, which has confirmed our belief in the significant potential of the Two Pools project. This low cost exercise has immediately generated multiple high priority, walkup drill targets that have seen little to no modern exploration. The combination of high grade historical hits, the proximity to known deposits at Marymia and Plutonic demonstrate a clear potential for high impact exploration pathway for Corazon. We look forward to getting on the ground and systematically testing these exciting targets to unlock value for our shareholders.”

Corazon Mining is now preparing for the next stage of field work, with a focus on generating drill targets supported by geological interpretation, structural modelling, and geophysical data.

The work completed to date has strengthened the technical basis for expanding the project area and has positioned Two Pools for an active exploration phase once the tenement is granted.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.