Corazon Mining (ASX:CZN) is preparing to commence its first diamond drilling program at the Two Pools Gold Project in Western Australia, a significant step forward for the company to advance exploration at the property.
In an interview with Investing News Network, managing director Simon Coyle said Corazon is “highly, fully funded for drilling” as the company enters a period of increased exploration activity. Corazon Mining plans to mobilize a diamond drill rig for the Two Pools project within the next few weeks, which will consist of four diamond holes averaging approximately 200 meters per hole.
“There’s a hole to the north-west that we’re actually drilling down to about 400 meters to test, it’s a down-punch extension of the main mineralization zone. It’s an exciting time for us … there’s going to be some really cool change in terms of who we are as a company going forward,” he said.
Following the diamond drilling program, Corazon plans to conduct a larger reverse-circulation (RC) campaign in April, producing “perhaps a 3,000 meter RC package”.
“So drilling starts, let’s say, (in two weeks). Those first few holes are going right in the middle of the known area. And it’s all about structure and understanding … Then we’ll move into the 3,000 meter RC package, which will be at the end of April. So from now until the remainder of this year, we’ll be drilling in two pools.”
Watch the full interview with Simon Coyle, Managing Director of Corazon Mining, above.
