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Corazon Mining Limited (ASX:CZN)

ALERT: Price-sensitive ASX Announcement for CZN
Current share price for CZN : $0.099 0.012 (13.14%)+
Announcement
Release
15 Jul 2026 8:19AM
Price at Release
$0.088
Full Release
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Summary
Corazon Mining Limited (ASX:CZN) has conducted a systematic review of historical drilling data at its Chalice Gold Project in Western Australia, revealing significant high-grade gold mineralisation beyond the currently reported 191,000 ounces at 2.7 g/t Au according to the JORC 2012 standard. The results suggest potential for expanding the gold resource both laterally and at depth, with numerous high-grade intercepts identified outside existing resources. This includes near-surface mineralisation and deeper intercepts that support the interpretation of resource growth potential. Preparations for a significant Phase 1 drilling program are underway, targeting to commence in Q3 CY2026. The company's broader portfolio also includes other gold projects in Australia and a nickel-copper-cobalt project in Canada.
Key Points
  • Significant gold intercepts identified outside current resources.
  • Potential for resource growth at Chalice Gold Project.
  • Phase 1 drilling program of ~10,000 meters planned for Q3 CY2026.
  • Chalice Mineral Resource comprises 191,000 ounces at 2.7 g/t Au.
  • Historical drill data indicates mineralisation open in multiple directions.
  • Corazon holds a strategic position with proximity to existing processing facilities.
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.