Corazon Mining Limited (ASX:CZN) | Chalice Data Review Identifies further Gold Mineralisation
MarketOpen Trading Titan Podcast Episode: Corazon Mining Limited (ASX: CZN) – Chalice Gold Project Historical Drilling Review
In this episode, we examine the latest announcement from Corazon Mining Limited (ASX: CZN), where a systematic review of historical drilling at the Chalice Gold Project identified multiple high-grade gold intercepts outside the current JORC 2012 Mineral Resource.
The current Mineral Resource stands at 2.181 million tonnes at 2.74 grams per tonne gold, containing 191,000 ounces of gold. The review identified two key target areas: near-surface mineralisation adjacent to the existing open pit and deeper mineralisation beneath the current underground resource limits. Standout historical intercepts include 4 metres at 8.84 grams per tonne gold from 55 metres and 6.9 metres at 2.36 grams per tonne from 581.9 metres. According to the company, these historical intercepts had not previously been incorporated into the reported Mineral Resource.
The episode discusses how the historical data review will guide the design of an approximately 10,000 metre Phase One drilling program scheduled to commence in the third quarter of calendar year 2026. It also covers the company's plans to update the geological model and open pit interpretation, along with progressing cut-off grade optimisation and pit shell re-optimisation studies.
Key topics include the identification of mineralisation outside the current Mineral Resource, the planned Phase One drilling program, the recalibration of historical wireframes that previously used a 0.8 grams per tonne cut-off, and ongoing exploration activities at the Feather Cap and Two Pools gold projects.
Key milestones to watch include finalisation of the drill design, mobilisation ahead of the Phase One drilling program, commencement of drilling in the third quarter of calendar year 2026, and further technical updates as the program progresses.
Everything in this episode is for information purposes only. Nothing constitutes financial advice. Listeners should do their own research and consider their own financial circumstances before making any investment decision.