Corazon Mining Limited (‘Corazon’, ‘CZN’, ‘Company’) has intersected copper sulphide mineralisation (chalcopyrite) in the first diamond hole drilled into the Top Up Rise (TUR) gravity anomaly, Gibson Desert, WA.
The copper exists in form of disseminated sulphide blebs over a drill interval from ~229m to 275m (~46m). The presence of copper mineralisation is potentially significant given the drill hole is located on the margin of the primary target (main part of the gravity anomaly). However, the copper mineralisation intersected (to date) makes up less than 1% of the overall rock mass (visual estimate), which implies generally low grade mineralisation.
The mineralisation is hosted in highly altered and deformed rocks (potentially mafic sediments) or volcanic origin. The gravity anomaly (high) is still yet to be explained and more priority targets are now being drilltested. On current timing we would expect assays in late July 2013.
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