https://www.miningweekly.com

Corizon readies for Pilbara exploration drive

25th June 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Junior Corizon Resources will raise A$5-million through a share placement to fund exploration work at its Croydon gold project, in the Pilbara.

Corizon will place an initial 358.1-million shares at a price of 1.2c a share under its existing placement capacity, while a further 58.5-million shares will be placed subject to shareholder approval.

Following the placement, the company would be able to fund an extensive exploration programme at its Croydon gold project, in the Pilbara, MD Rob Ramsay said.

“We are excited to follow up recent success at Croydon and have a large and highly prospective land position, demonstrated by our geochemical and drilling results, as well as analogues to the outstanding Hemi discovery just 50 km down the road.

“We are going to invest these proceeds in drilling to extend the known mineralisation below the established surface gold anomalism, which measures 1.5 km by 400 m. And we are gong to test new prospects that are supported by undrilled historical workings, rock chip sampling and other targets highlighted by soil sampling,” Ramsay said.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Sika South Africa
Sika South Africa

Sika South Africa is a trusted partner for the nation’s infrastructure, commercial, residential, and industrial sectors.

VISIT SHOWROOM 
ECG Engineering
ECG Engineering

ECG provides specialised electrical engineering services to the Mining, Utilities, Materials Handling and Industrial industries, with extensive and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.042 0.757s - 111pq - 2rq
Subscribe Now