NEW PROJECT FOR CORAZON CZN acquired Mt Gilmore in July 2016 Earning up to 80% - currently CZN has 51% equity $2M earn-in over 3 years (+1yr extension option) Small periodic payments on milestones All costs covered by CZN until decision to mine
HIGH GRADE COBALT AND MORE Very little modern exploration across the project Extensive 1800’s-1900’s copper-gold workings Current focus is on the Cobalt Ridge Deposit High grade, cobalt-dominant sulphide deposit Also prospective for large intrusive-related copper-gold systems Analogous toCadiaand Mt Morgans projects
8
MT GILMORE TREND Large hydrothermal alteration footprint Extensive evidence of targeted models - tourmaline breccia hosted Cu-Au deposits, Cu-Au-Fe skarns and quartz-sulphide vein system (such as porphyry Cu-Au deposits) Historically Cu has been the focus of exploration Cobalt Ridge – Corazon’s initial focus– is one small prospect in a large system
Sedimentary Basin Cover
Felsic Intrusive
Mafic Intrusive
VolcanoSedimentary Basement
COBALT RIDGE DEPOSITMagmatic –Hydrothermal Tourmaline-Chalcopyrite-Pyrite Breccia's
District Scale Opportunity
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RARE COBALT DOMINANT SULPHIDE DEPOSIT CZN’s 2016 drilling identified excellent grade Multiple parallel Co-Cu-Au sulphide lodes
Main Cobalt Lode: Drilled over 200m strike and open in every direction Average true width ~12m Grade range: 0.23% to 0.65% Co Best high grade zone: 6m @ 1.48% Co (+14% CuEq) Best individual 1m assay: 2.79% Co
Looks like we have something great going at Mt Gilmore. So far all results are encouraging. As soon as the announcement is out many would like to get hold of them. Better get them now before the rush, I think.
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Mkt cap ! $3.339M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $250 | 50K |
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No. | Vol. | Price($) |
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3 | 530000 | 0.5¢ |
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Price($) | Vol. | No. |
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0.6¢ | 2904530 | 8 |
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No. | Vol. | Price($) |
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3 | 530000 | 0.005 |
22 | 6166060 | 0.004 |
13 | 7303668 | 0.003 |
6 | 7801000 | 0.002 |
8 | 14800024 | 0.001 |
Price($) | Vol. | No. |
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0.006 | 2904530 | 8 |
0.007 | 2615297 | 9 |
0.008 | 1709480 | 7 |
0.009 | 500000 | 1 |
0.010 | 149999 | 1 |
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