Join our daily newsletter At The Bell to receive exclusive market insights
- Coziron Resources (CZR) has begun diamond drilling at its Top Camp prospect, which is situated within the Croydon Project in WA
- As previously announced, the aim of this program is to follow-up a previous hole that returned up to 66 grammes per tonne gold
- As well as collecting results, the diamond drill-core will be used to outline the style and thickness of the mineralisation as well as the geological setting
- All of these proposed drilling activities represent part of a strategic plan to speed up exploration at the Croydon Project
- Coziron is up an even five per cent and shares are trading for 1.1 cents each
Coziron Resources (CZR) has begun diamond drilling at its Top Camp prospect which is situated within the Croydon Project in WA.
As announced on April 24, the aim of this program is to follow-up on hole CRC007 which intersected eight metres at 10.2g/t gold including one metre at 66.1g/t gold from reverse circulation (RC) drilling in December 2019.
This result comes from the company’s maiden reverse circulation (RC) drilling program.
This diamond drilling program will help provide additional intersections across three areas of previously identified mineralisation.
It will also help assist Coziron to confirm the mineralogy and orientation of these areas ahead of a proposed RC drilling program.
As well as collecting results, the diamond drill-core will be used to outline the style and thickness of the mineralisation, the geological setting, and the orientation of hosting structures.
All of these proposed drilling activities represent part of a strategic plan to speed up exploration at the Croydon Project and evaluate the geological, geophysical and geochemical targets associated with the Tabba Tabba shear zone.
Coziron believes that the Tabba Tabba shear zone plays an important role in controlling the distribution of gold deposits in the Top Camp region.
Further, Coziron has begun follow-up mapping and sampling of priority targets at Top Camp, next to the previously drilled maiden RC holes.
This area hosts extensive historical activity, and other sites where there are emerging geochemical anomalies that could identify additional targets for follow-up drilling.
Results from this program will be released as soon as they become available.
Coziron is up an even five per cent and shares are trading for 1.1 cents each at 1:02 pm AEST.
