Post by MarketOpen

Corazon Mining ASX:CZN has identified multiple high grade gold intercepts outside the current 191,000 oz @ 2.7 g/t Au JORC 2012 Mineral Resource at the Chalice Gold Project. A systematic review of historical drilling supports the view that the Chalice Mineral Resource Estimate remains open for expansion both laterally and at depth and will directly inform the upcoming Phase 1 drilling campaign. Key Highlights: ⛏️ Historical review identified multiple high grade gold intercepts outside the current 191,000 oz @ 2.7 g/t Au JORC 2012 Mineral Resource. ⛏️ Near surface mineralisation outside the current JORC Resource includes 4.0 m @ 8.84 g/t Au from 55.0 m and 3.0 m @ 7.38 g/t Au from 28.0 m. ⛏️ Unmodelled intercepts at depth confirm underground extensions beneath and beyond existing workings, including 5.1 m @ 2.44 g/t Au from 578.6 m and 6.9 m @ 2.36 g/t Au from 581.9 m. ⛏️ The open pit interpretation is being updated to incorporate these results and optimise drill targeting for near surface expansion and infill. Next Steps: ➡️ Final drill designs are well advanced, with rig mobilisation planned ahead of a ~10,000 m Phase 1 programme scheduled to commence Q3 CY2026. ➡️ Progress cut off grade and pit shell reoptimisation studies. Read the full ASX announcement for further details: https://lnkd.in/gpKA6sHx Simon Coyle | Kristie Young | Scott Williamson | Madeline Howson #ASX #CZN #Gold #Exploration #Mining