Corazon Mining Limited (AU:CZN) has released an update.
Corazon Mining Limited has secured A$340,000 through a placement to sophisticated investors and seeks to raise an additional A$1 million via a Share Purchase Plan (SPP) to fund accelerated drilling at the high-potential May Queen porphyry copper-gold target in their Mt Gilmore Project. The company has already received the necessary exploration permits and plans to commence drilling in July. The funds are expected to bolster Corazon’s exploration capabilities in a promising mining region.
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