REVIEW OF OPERATIONS
Corazon’s strategy throughout the December 2013 half-year period was to progress its exploration activities at its Australian and Canadian projects in a cost effective manner whilst implementing measures to preserve cash. I am pleased to report the Company experienced encouraging success at its Top Up Rise Project (TUR), and closed the period in a sound financial position.
The half year highlights were derived from the Company’s activities at TUR, located in the Gibson Desert of Western Australia. The September quarter delivered the completion and results of the inaugural drilling programme at the TUR, which confirmed the project area to be a fertile environment for mineral deposits, and the subsequent successful capital raise of $3 million dollars to further advance exploration activities at TUR. In the December quarter, the Company focused on the completion of geophysics and phase two drilling at TUR to further test the source of the project’s gravity anomaly and define future drilling targets. Corazon also made a first in line application for the Kiwi North geochemical/geophysical anomaly, located in the same region as TUR.
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