Corazon Mining Launches Maiden RC Drilling at Feather Cap to Test Historic Wembley Gold Mine
Key Takeaways
- β’Corazon Mining has begun a 2,000-metre, 20-hole reverse circulation drilling program at the Feather Cap project, marking its first systematic drilling campaign at the Western Australian tenement.
- β’Historical production records from the Wembley mine show approximately 1,050 ounces of gold were extracted at an average head grade of 21.6 grams per tonne between 1926 and 1935.
- β’The Feather Cap project covers roughly 154 square kilometres and is situated near Westgold Resources' Fortnum operations within an established gold-producing district of the Gascoyne-Murchison region.
- β’Feather Cap serves as Corazon's third Western Australian gold growth platform, complementing the company's existing Two Pools and Chalice projects.
- β’Prior to market open, Corazon shares were steady at 9.4 cents, giving the company a market capitalisation of $21.4 million.

Corazon Mining (ASX:CZN) has commenced a maiden reverse circulation (RC) drilling program at the Feather Cap project in Western Australia, targeting the historic Wembley gold mine.
The 2,000-metre, 20-hole RC program represents Corazon's first systematic drilling campaign at Feather Cap. The program is designed to assess the continuity and geometry of known gold mineralisation at Wembley, with drilling concentrated on extensions beneath and along strike from the historic workings, as well as the broader regional Wembley structural corridor.
Historical records show that the Wembley mine produced approximately 1,050 ounces of gold from 1,510 tonnes of ore between 1926 and 1935, equating to an average head grade of roughly 21.6 grams per tonne β a grade that, if replicated across a larger system, would rank among the higher-grade deposits in the region. The historic workings were never systematically explored with modern drilling techniques.
Managing Director Simon Coyle said the program follows a detailed review of historical exploration data at Feather Cap and marks an important step in systematically validating past mineralisation findings.
"The commencement of drilling at Wembley is an important milestone for Corazon and the Feather Cap gold project," Coyle said.
"Our technical review has identified a compelling combination of shallow, high-grade historical gold results and a broader structural setting that remains significantly under-tested. We are not drilling simply to confirm what is already known. We are drilling to find out how big this is, and whether those high-grade hits are isolated pods or the surface expression of a much larger, structurally controlled system.
"The historical results provide an excellent starting point, with multiple high-grade intersections at shallow depths. What excites us is the opportunity to test the extensions of this mineralisation along strike and at depth, as well as the broader Wembley structure which has received limited systematic drilling.
"Feather Cap gives Corazon a third Western Australian gold growth platform alongside Two Pools and Chalice, and Wembley is the first of several targets we intend to test. Positive results would provide a strong platform for follow-up drilling and future resource definition, while the broader Feather Cap landholding provides substantial additional exploration upside."
The Feather Cap project covers approximately 154 square kilometres and is strategically located near Westgold Resources' Fortnum operations, positioning the tenement within an established gold-producing district of the Gascoyne-Murchison region where multiple companies are actively exploring and mining. Proximity to an operating gold operation suggests existing infrastructure, including roads and processing facilities, could potentially support future development scenarios if exploration is successful.
Prior to market open, CZN shares were steady at 9.4 cents, with a market capitalisation of $21.4 million. For a company at that valuation, confirmation of a continuous mineralised system at Wembley could represent a material re-rating catalyst, though exploration outcomes are inherently uncertain and maiden drilling programs frequently require multiple phases before any resource estimate can be attempted.