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Corazon Mining Ltd, Quarterly Activities Report for Period Ending 30 September 2013

Highlights:

Phase 1 exploration programme completed at Top Up Rise (TUR).

Drilling intersected extensive sulphide mineralisation, including massive sulphides:
-  Low tenors of sulphide mineralisation intersected in all holes –copper, lead and zinc sulphides identified;
-  Precious and base metal association between copper, lead, zinc, silver, cadmium and gold;
-  More than one style of mineralisation is apparent at TUR.

Intersection of mineralised gabbro has opened up the possibility of nickel-copper sulphide deposits:
-  Gabbro identified as a Troctolite, prospective for magmatic nickel-copper mineralisation;
-  Nickel sulphide (pentlandite) identified in petrology, suggest fertile Troctolite.

$3 million raised to further advance exploration at TUR:
-  Phase 2 Drilling commenced at TUR (post quarter);
-  Multiple targets identified;
-  First assay results expected in November;
-  VTEM survey commissioned to cover gravity anomaly commenced (post quarter) to test for conductive units, including massive sulphides.


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