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Corazon Mining Limited (ASX:CZN)

ALERT: Price-sensitive ASX Announcement for CZN
Current share price for CZN : $0.080 -0.12 (-60%)+
Announcement
Release
19 May 2026 11:10AM
Price at Release
$0.200
Full Release
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Summary
Corazon Mining Limited announced results from their maiden diamond drilling program at the Two Pools Gold Project, situated in the Plutonic-Marymia Greenstone Belt, Western Australia. The program successfully intersected gold mineralisation in all four drill holes, confirming an active and spatially consistent gold system with a coherent structural and lithological framework akin to high-grade orogenic systems. These findings, including the discovery of a 25-40m pegmatite dyke, suggest significant exploration potential. Alongside the recent granting of Exploration Licence E52/4521, Corazon plans to advance with a follow-up reverse circulation drilling program targeting extensions of confirmed mineralised corridors.
Key Points
  • Corazon Mining Limited conducted a maiden diamond drilling program at the Two Pools Gold Project.
  • Gold mineralisation was intersected in all four diamond drill holes.
  • The drilling confirmed a coherent structural framework consistent with high-grade orogenic gold systems.
  • The mineralisation is shear-controlled and associated with mafic-ultramafic host rocks.
  • A substantial pegmatite dyke was discovered, potentially indicating additional mineral potential.
  • Exploration Licence for the adjacent Two Pools tenement, E52/4521, has been granted.
  • Follow-up RC drilling is planned to target down-dip and along-strike extensions of mineralised corridors.
  • The structural reinterpretation suggests gold-bearing veins trend east-west, improving drilling accuracy.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.