ASX-listed junior explorer Coziron Resources is closing in on a drilling program at its Croydon Top Camp multi-element project in WA’s Pilbara region with further work being carried out to fine-tune its targeting.
The company identified an electromagnetic conductor down-dip of the Martin copper-gold prospect as a priority target after updating its exploration database to include conductive targets and results from a 2017 drilling program.
Coziron is now reprocessing data from the 2016 electromagnetic program to determine if any additional conductive anomalies are present in the greenstone sequence at the Martin prospect Anomaly A.
Any conductive targets with coincident geochemistry will be prioritised for drilling under the 500m program.
Last year, rock chip sampling returned up to 12% copper, 2 grams per tonne gold, 118g/t silver, 6% zinc, 0.34% cobalt and anomalous tin and indium from Martin, centred on two shallow historical pits over an iron-oxide rich gossan.
Soil sampling indicated the gossan was located within a zone that is at least 40m wide in the mafic rocks, where copper ranges from 500 to 1000 ppm and zinc from 400 to 3000 ppm.
Coziron has also identified additional electromagnetic conductors within the greenstone sequence on the eastern part of Top Camp Project that represent exploration targets for surface geochemistry and RC drilling.
These targets add to the existing structural targets at Croydon Top Camp gold prospect where the first stage 2000m RC drill program is proposed.
Chairman Adam Sierakowski said: “The company now has a number of advanced, compelling and drill ready targets across gold, copper, vanadium and iron ore.”
“Its immediate ambition is to sequence these drill programs in the most efficient manner across the balance of the 2019 year, with the continued support of the company’s major shareholder Mark Creasy.”
The western block of the 317 square kilometre tenement has a long history of gold prospecting and small-scale mining activity.
