Corazon Mining (ASX:CZN) identifies high-priority drill targets at Feather Cap Gold Project

Corazon Mining (ASX:CZN) identifies high-priority drill targets at Feather Cap Gold Project

October 23, 2025 Off By MarketOpen

Corazon Mining (ASX:CZN) has reviewed historical exploration data and has yielded a suite of high-priority drill targets at its recently acquired Feather Cap Gold Project in Western Australia’s Gascoyne region.

The findings underscore the project’s potential to emerge as a near-term exploration focus for the company as it consolidates its position within the Bryah–Padbury Basin, a proven mineral province hosting established gold and copper operations.

Highlights

  • Historical data review confirms multiple high-grade gold intercepts across three key target areas.

  • Jigsaw/Durack East target lies along strike from Westgold’s Durack deposit (2.4Mt @ 1.2g/t Au).

  • Wembley area contains shallow mineralisation within a granted Mining Lease, including 7m @ 6.21g/t Au from 6m.

  • Feather Cap area shows further mineralised zones requiring systematic follow-up.

  • Corazon to commence heritage surveys, complete drill design, and plan a maiden drilling campaign.

The Feather Cap Project spans 154 square kilometres within the Bryah–Padbury Basin, part of the broader Capricorn Orogen, a region well known for hosting Westgold Resources’ Fortnum operations and Sandfire Resources’ DeGrussa copper–gold mine.

Corazon has secured an option to acquire an 80% interest in the project as part of its strategy to establish a strong foothold across Western Australia’s underexplored gold corridors.

The company’s data review has highlighted three principal target zones: Jigsaw/Durack East, Wembley, and Feather Cap, each displaying robust mineralisation signatures that have seen limited or inconsistent exploration in earlier campaigns conducted several decades ago.

At Jigsaw/Durack East, drilling intersected 20 metres at 3.01 grams per tonne gold from 40 metres, including 4 metres at 10.7 g/t Au, and 35 metres at 1.47 g/t Au from 32 metres, including 5 metres at 5.13 g/t Au.

The area sits along strike from Westgold’s Durack deposit, providing what Corazon describes as a “de-risked exploration concept.”

The Wembley zone, located centrally within the tenement package, is of particular note due to its existing Mining Lease (M52/760).

Historical results include 7 metres at 6.21 g/t Au from 6 metres and 4 metres at 2.3 g/t Au from 19 metres, with several intercepts occurring close to surface.

This could offer future flexibility in evaluating low-cost, near-term production opportunities, though Corazon’s immediate focus remains on systematic exploration.

The Feather Cap target, in the northeastern section of the project, also returned mineralised intervals such as 2 metres at 3.58 g/t Au from 86 metres and 2 metres at 2.39 g/t Au from 50 metres.

These results support the company’s assessment that earlier explorers failed to properly define the extent of gold mineralisation across the tenement.

Managing Director Simon Coyle said the review had exceeded expectations.

“We are extremely pleased with the results of this historical data review, which has confirmed our belief in the significant potential of the Feather Cap project. This low-cost exercise has immediately generated multiple high-priority, walk-up drill targets that have seen little to no modern exploration.”

The project’s location is further reinforced by exploration success in neighbouring tenements, notably Tambourah Metals’ Beatty Park South project, which has reported assays up to 92.2 g/t Au within a similar geological setting.

This regional context enhances confidence in the exploration model being applied at Feather Cap.

Corazon Mining’s next steps will focus on heritage surveys, drill planning, and contractor engagement ahead of its maiden drilling campaign.

These programs will test priority targets and establish a clearer understanding of mineral continuity and structure within the identified zones.

The Feather Cap Gold Project adds scale and strategic depth to Corazon’s Western Australian gold portfolio, complementing its existing Two Pools project in the Plutonic–Marymia Belt.

With historic data pointing to multiple near-surface mineralised zones and proximity to established operations, Feather Cap offers a realistic opportunity for early discovery within an established mining district.

While the company continues to advance its gold exploration initiatives, its retained interests in nickel and copper at Lynn Lake in Canada provide broader commodity exposure.

For now, the focus at Feather Cap is on disciplined exploration, with results from upcoming drilling likely to define the project’s role in Corazon’s longer-term growth strategy.

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