How Are Corazon Mining (ASX:CZN), Antares Metals (ASX:AM5) and Lunnon Metals (ASX:LM8) Advancing Their Gold Projects?

Sonal Goyal

05 November 2026 11:40 AM AEDT

How Are Corazon Mining (ASX:CZN), Antares Metals (ASX:AM5) and Lunnon Metals (ASX:LM8) Advancing Their Gold Projects?

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Key Highlights

Corazon Mining (ASX:CZN) intersected gold about 450 metres south of the Chalice pit, with 8 metres at 3.15 grams per tonne from 110 metres.
Antares Metals (ASX:AM5) reported gold in every hole drilled south of historic Enterprise workings at Quinns.
Lunnon Metals (ASX:LM8) reported overall gold recovery above 95% from Hustler composite samples over 24 hours.
Corazon and Antares both have assays pending, while Lunnon is preparing resource updates for a scoping study.

Three ASX-listed gold explorers provided updates on 5 November 2026, covering drilling in Western Australia and metallurgical testing for a development project. The announcements show different stages of progress, from exploration drilling through to processing studies.

Corazon Mining (ASX:CZN)

Corazon Mining (ASX:CZN) reported assays from 27 holes in its maiden reverse circulation program at the Chalice Gold Project. The results show gold along about 450 metres of strike south of the historical Chalice pit. The highest-grade results were at the southern pit margin, where all four holes intersected gold. Five holes remain pending, including step-outs toward 800 metres south of the pit, and the 7,500 metre program is scheduled for completion in November 2026.

Antares Metals (ASX:AM5)

Antares Metals (ASX:AM5) reported the first 16 holes from a 52-hole aircore program at Quinns in the Murchison region. Every hole south of historic Enterprise drilling intersected gold from surface, led by 6 metres at 3.11 grams per tonne. Assays for 36 further holes testing the Venture anomaly are pending, and the company plans airborne magnetics, gravity and induced polarisation work for copper exploration.

Lunnon Metals (ASX:LM8)

Lunnon Metals (ASX:LM8) reported completed metallurgical test work on Hustler samples, which were designed to simulate the nearby Lefroy plant. Overall recovery across the composites was above 95% at 24 hours, and gravity recovery averaged over 30%. The company said the results mirror the metallurgy of the adjacent Lady Herial pit. Resource updates for Lady Herial and Hustler will feed into a Scoping Study.

Final Word

The three companies sit at different points in their project cycles. Corazon and Antares are expanding exploration footprints with assays still pending, while Lunnon has moved to metallurgical confirmation ahead of a scoping study. The next results from each company will determine whether the current drilling and test work support the planned work programs.

How far south of the Chalice pit has Corazon intersected gold?

Corazon has intersected gold about 450 metres south of the historical Chalice open pit.

What did Antares report at Quinns?

Gold was intersected from surface in every hole south of the historic Enterprise workings, with the first 16 holes assayed.

What recovery did Lunnon report?

Overall recovery across Hustler composite samples was above 95% at a 24-hour residence time.

What are the next steps for Lunnon?

Mineral Resource updates for Lady Herial and Hustler will feed into a Scoping Study.

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