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02/03 - Napoleon prospect discovered 20km north of Dargues Reef

New Gold Occurrence and Company Presentation

Napoleon prospect discovered 20km north of Dargues Reef

Cortona Resources Limited (ASX: CRC) has released an update of
its Company Presentation, which can also be viewed  on the
Company’s website.

The presentation introduces a new gold occurrence that Cortona
has discovered ~20km north of its flagship Dargues  Reef Gold
Project in NSW. 

The Napoleon prospect is the first such occurrence in the area and
confirms Cortona’s belief that the district has the potential to
become a significant long-term gold-producing region.

At this stage, the discovery comprises rock chips taken from
exposed ‘epithermal’ quartz veins along 50m of strike. Assays have
returned gold grades up to 6.2g/t and silver grades up to 77.0g/t.

A soil program will soon be undertaken to identify the extent of the
anomaly and define drill targets. This will form part of a broader
exploration program that is currently being planned in parallel with
final preparations for the development of the Dargues Reef gold
mine.

Cortona recently received approval for the Dargues  Reef Project
from the NSW Land and Environment Court following key approvals
last year. Development is anticipated to commence this year.

http://www.cortonaresources.com.au/files/announcements/273%20-%20New%20Gold%20Occurrence%20and%20Company%20Presentation%2002.03.2012.pdf?PHPSESSID=85e1f49e3198c291b56a55efa88cd115

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