Eight target areas are identified and are undergoing further geologic interpretation. The five most significant anomalies appear to be:
1. A north-northwest trend just west of the historic Red Top Pit,
2. A strong northwest structural trend on strike from the Phelan shaft in the northern portion of the land holdings,
3. An apparent northwest zone to the west of the Florence and Little Florence workings,
4. An area immediately to the west of the high grade Church discovery area (see ICN News Release May 17, 2011: http://www.corazongold.com/s/NewsReleasesICN.asp?ReportID=546437&_Type=ICN-News-Releases&_Title=ICN-Reports-Initial-Drill-Results-from-Goldfield-Project), and
5. Intersecting northwest and northeast anomalies above the Newmont Lode (http://www.corazongold.com/i/maps/goldfield_bonanza/GF_GT_Bio_CSAMT_ltr.pdf).
Large anomalies in the southeastern portion of the claim block require further evaluation in order to properly interpret, and two smaller but open-ended anomalies occur in the virtually untested southern portion of the Lode Star patented claims. Both of these anomalies coincide with significant CSAMT geophysical features. Clearly, new exploration target areas have been identified from this work that may not otherwise have been highlighted given the post mineral cover in the areas.
In addition to this work, Corazon personnel have completed an exhaustive GIS compilation of all available historic data. Drill holes were re-logged to tighten up the geologic model, old underground maps were scanned so that information could be added to the database and all available data was registered and incorporated into a 3-D model for identification of priority target areas. More recently, an underground mapping and sampling program was conducted on the 300-level workings utilizing access from the February Premier shaft. Over 200 underground chip samples were collected and have been submitted for analysis. Results from these samples will be reported upon receipt. Corazon geologists will cross reference bio-geochemical anomalies and CSAMT geophysical anomalies with the detailed geologic and structural 3-D model to identify highest priority exploration targets for future drill testing.
Tom Temkin, CPG, and a Qualified Person as defined by NI 43-101 and consultant for the Company, has reviewed and approved the technical information contained in this news release.
On behalf of the Company, Corazon Gold Corp.
Patrick Brauckmann, President and CEO
Disclaimer for Forward-Looking Statements
Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those currently anticipated. These forward-looking statements are made as of the date of this news release and, except as required by applicable laws, the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The Company is awaiting TSX approval for the revised option agreement with Lodestar Gold Inc.
Corazon Gold Corp.
President and CEO
Corazon Gold Corp.
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