Chalice Exploration Target shows Resource growth potential

Chalice maiden Exploration Target totals 9.7Mt to 12.3Mt at 1.9g/t to 2.1g/t Au, with 7,500m RC drilling planned.

Corazon Mining has defined a maiden Exploration Target at its 100%-owned Chalice Gold Project, reinforcing the project’s scale and potential to support the Company’s transition toward WA gold development.

<ul><li>Defined a maiden Exploration Target at Chalice of 9.7Mt to 12.3Mt at 1.9g/t to 2.1g/t Au, representing approximately 600,000oz to 830,000oz contained gold.</li><li>The Exploration Target is inclusive of the existing 191,000oz JORC Mineral Resource and highlights conceptual mineralisation beyond the current Resource.</li><li>The target is supported by approximately 370 historical drillholes and extensive underground sampling, outlining mineralisation over 1.7km of strike and 700m vertical extent.</li><li>Near-surface mineralisation has been captured for the first time, supporting the potential for a future open pit cutback scenario, subject to further drilling and studies.</li><li>Planning is underway for an initial 7,500m RC drilling program to test geological and grade continuity assumptions over the next six months, subject to funding, access and approvals.</li><li>The update strengthens Corazon’s WA gold development pipeline, alongside the Two Pools and Feather Cap projects.</li></ul>

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Chalice Exploration Target shows Resource growth potential