Corona Minerals Projects
Corona Minerals is an unlisted public company with 700 shareholders. The company is actively reviewing, and where appropriate, looking to acquire, suitable projects both in
Australia and overseas, that have the potential to lead to a mining operation in the short to medium
term.
Over the past 12 months, Corona Minerals have looked at over a dozen projects, one of which (Mt Jukes in Tasmania) has developed into a joint venture with ASX-listed Jaguar Minerals Ltd to earn up to an 80% interest. The Mt Jukes tenements lie directly along strike for approximately 30km from the world-class My Lyell copper mine (historical production of over 300MT at 1% Cu, 0.3 g/t Au).
Corona Minerals has also made application for several other very prospective tenements in the same region in its own right. The Company has conducted a detailed VTEM survey (cost ~$270,000), and intends to conduct limited drilling in 2011 based on the VTEM results and/or other targets, while concurrently seeking a stock exchange listing if appropriate.
Active Corona Minerals Projects
Queenstown Project Area
Copper, gold and base metal exploration
Centred around the world class Mt Lyell copper-gold province near the west coast of Tasmania, the Queenstown Project Area is host to nine of Corona’s key prospects, covering 203km2 of contiguous tenure which are host to over 130 historical mines and mineral occurences. Significantly the tenure abuts Vedanta’s Mt Lyell Mine and is just 1.7km from the Mt Lyell open cut wall, covering some 30km of geological strike south of the mine.
Tenement ScheduleEL51/2008- 130 km2
- Corona has 51% with the right to earn 80%*
- Corona has 51% with the right to earn 80%*
- 100% Corona Minerals
* Corona can advance to 80% by expending a further $A300,000 and completing 1000m of drilling. Following Corona earning 80% Jaguar may elect to contribute pro-rata or dilute.
Granite Tor Project Area
Tin, Tungsten and Lithium exploration
The Granite Tor Project, located near Tullah on the west coast of Tasmania completely encompasses a Devonian “Tin” granite dome over an area of 166 km2.
The project boasts several large geochemical tin and tungsten soil anomalies, but importantly has never been drilled. Mineralisation at Granite Tor is of similar age to that seen at the Renison tin mine (MetalsX, 24.5 Mt @ 1.45% Sn) and Venture Minerals’ Mt Lindsay Project (43 Mt @ 0.47% Sn).
Key aspects of the project are listed below and more detailed project information is located under the Granite Tor Project tab.
- 166 km2 land holding covering an entire “tin” granite dome
- historic 3.5kmx1.5km tin in soil anomaly
- historic 1.5x0.5km low order tungsten in soil anomaly
- many exploration targets already generated
- no drilling ever conducted
