Corazon Mining Prepares for Maiden Drilling at Two Pools Gold Project in Western Australia
Corazon Mining is advancing through the final regulatory stages as it gears up for its inaugural drilling program at the Two Pools gold project, located in the scenic Upper Gascoyne region of Western Australia. With drilling approvals secured from the Mines Department, the company is now conducting a heritage survey in collaboration with the Gingirana people through the Marputu Aboriginal Corporation, the native title holders for the area.
Project Details and Historical Significance
The Two Pools project, acquired by Corazon late last year, is situated within Western Australia's prolific Plutonic–Marymia greenstone belt. This district is renowned for its substantial gold operations, including the $2 billion market-capped Catalyst's Plutonic gold operations and its high-grade Trident deposit. The project features a 4-kilometre-long gold prospect with multiple high-grade historical intercepts that have never been systematically explored, presenting a significant opportunity for discovery.
Historical drilling results at Two Pools include standout intercepts such as 18 metres grading 3.89 grams per tonne (g/t) gold from 83 metres, with a richer four-metre interval at 15.96 g/t. Additional holes have yielded higher-grade hits, including 8 metres at 7.83 g/t gold from 68 metres and 12 metres at 8.89 g/t from 79 metres. These results underscore the project's potential for substantial gold deposits.
Upcoming Drilling and Strategic Focus
Once the heritage survey is completed, Corazon will mobilise drilling rigs to begin operations, with initial efforts concentrated on Target Area 1. This area boasts a substantial gold-in-soil anomaly measuring approximately 1.8 kilometres by 1.2 kilometres, identified through recent work. The company believes that the combination of strong historical gold hits, a large surface anomaly, and limited modern exploration offers considerable upside for discovery as drilling tests strike and depth extensions.
Simon Coyle, Managing Director of Corazon Mining, emphasised the importance of these developments, stating, "The commencement of the heritage survey and the approval of our PoW are key steps for the Two Pools Project. With a significant 1.8km x 1.2km surface anomaly at Target Area 1 and historical high-grade gold intercepts that have never been followed up, we see clear potential here. We look forward to completing the survey and moving the rigs onto the ground to test these high-priority areas."
Broader Corporate Strategy and Market Context
From a strategic perspective, the Two Pools project is central to Corazon's initiative to build value through high-grade gold exploration in Western Australia. It complements the company's Feather Cap gold asset in the Bryah–Padbury Basin to the southwest, providing near-term exploration momentum. Additionally, Corazon maintains exposure to base and battery metals via its Lynn Lake nickel-copper-cobalt project in Canada.
For investors focused on gold, the immediate narrative revolves around Two Pools, characterised by a large, coherent gold anomaly, high-grade historical results, and imminent drilling. With gold prices trending upward and the Western Australian mining sector experiencing robust activity, Corazon's timing appears well-aligned with market conditions. The upcoming drilling campaign will be critical in determining whether the project can yield a modern discovery or if attention will shift to other areas within the Two Pools tenure.
