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Corazon Mining Limited (ASX:CZN)

ALERT: Price-sensitive ASX Announcement for CZN
Current share price for CZN : $0.120 0.041 (51.90%)+
Announcement
Release
3 Aug 2026 8:27AM
Price at Release
$0.079
Full Release
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Summary
Corazon Mining Limited (ASX: CZN) announced a significant tenure acquisition to expand its Chalice Gold Project, enhancing its strategic land position in Western Australia's productive greenstone belt. The acquisition includes 100% ownership of one tenement and exclusive gold rights over two others, covering a total of 170 km². This move aims to consolidate Corazon's control over high-potential areas, extending its exploration footprint beyond the existing Chalice Mining Lease. The transaction is valued at up to A$3.5 million, with a combination of cash, shares, and milestone-linked payments. Corazon plans to implement a district-scale exploration strategy, with Phase 1 drilling targeted to commence in Q3 2026. The acquired tenure provides opportunities for new gold discoveries and extensions of known mineralisation, aligning with Corazon's goal to become an emerging gold developer in the region.
Key Points
  • Corazon secures strategic tenure in Western Australia's gold belt.
  • Acquisition extends footprint beyond the existing Chalice Mining Lease.
  • Transaction valued at up to A$3.5 million with milestone-linked payments.
  • District-scale exploration strategy planned across new tenure.
  • Phase 1 drilling at Chalice to begin in Q3 2026.
  • Opportunity for new gold discoveries and resource growth.
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.