Overview of Corazon Mining's recent drilling program

Corazon Mining Limited (ASX:CZN) has announced the completion of a maiden two-hole 798 metre drill program at the May Queen porphyry target within the Mt Gilmore Project in New South Wales. The drilling program targeted geochemical and geophysical anomalies indicative of porphyry copper-gold deposits, and the results have revealed the presence of altered porphyritic-intrusive rocks and copper sulphides, supporting the target model for a large-scale porphyry copper-gold deposit at May Queen.

Geological Observation Results Commentary

Within a porphyry alteration mineral assemblage, high-temperature minerals such as potassium-feldspar and actinolite tend to present closer to the core of the system, while low-temperature minerals such as epidote and chlorite are more prevalent in marginal areas. The observations show a typical intensive propylitic alteration environment for a mineralised porphyry. The presence of copper minerals in a porphyry related alteration and vein environment supports the target model for a large porphyry copper-gold deposit. The drilling program has identified intense alteration and widespread sulphide mineral assemblages within the targeted porphyritic intrusive rocks, indicating a promising outcome for Corazon Mining.

Summary of Exploration Results and Outlook

Corazon Mining's maiden drilling program at the May Queen porphyry target has delivered positive results, with the intersection of altered porphyritic-intrusive rocks and copper sulphides. The presence of copper minerals in a porphyry-related alteration and vein environment supports the target model for a large porphyry copper-gold deposit at May Queen. Ongoing exploration is under consideration, with a focus on more comprehensive geophysical coverage to further define drill targets within the +2km striking May Queen target area. The company's recognition of the surface expression of a large hydrothermal system and the extensive copper, cobalt, silver, and gold anomalism at Mt Gilmore presents a compelling exploration opportunity. Corazon Mining's ambitions to identify targets for the next phase of drilling and the potential for a significant porphyry copper-gold deposit at May Queen demonstrate the company's strategic focus on critical minerals projects in Australia.