Corazon Mining has lodged a strategic tenement application to expand its Two Pools gold project in Western Australia's Gascoyne region by 50 square kilometres. The new exploration licence lies immediately northeast of and is contiguous with the existing project area, targeting an interpreted undercover extension of the prospective greenstone belt that hosts the Two Pools mineralisation.
The expansion follows a detailed geological and structural review by consultants Terra Resources, which integrated regional geophysical and geological datasets to map geology beneath shallow surface cover. The analysis identified a significant potential northeasterly extension of the Two Pools greenstone sequence, supported by anomalous gold results from soil and rock chip sampling along strike.
The structural setting mirrors other major gold-hosting systems in the belt, including Catalyst Metals' nearby Trident deposit and its more than 7.5 million ounce Plutonic gold mine. The new application area has seen limited to no modern drilling, offering a substantial untested opportunity in the highly endowed terrain.
Corazon's managing director Simon Coyle said the historical data review confirmed the company's belief in the significant potential of the Two Pools project. The low-cost exercise has generated multiple high-priority, walk-up drill targets that have seen little to no modern exploration.
Next steps include compilation of previous data across the greater project area, planning drilling to probe potential extensions to the known Two Pools mineralisation, and a new gravity survey to better define local greenstones under shallow cover. Upon tenement grant, systematic exploration will be followed by the first drilling program in the project area.
