viewCorazon Mining Ltd

Corazon Mining to test near-surface expansion targets in new drilling at Canadian nickel sulphide project

Several prospective areas have been identified for drill testing, including extensions to historic mines and geophysical targets analogous to known mined mineralisation.

Corazon Mining Ltd - Corazon Mining to test near surface expansion targets in new drilling program at Lynn Lake
Lynn Lake’s JORC-compliant resource is 110,300 tonnes of nickel, 51,400 tonnes of copper and 5,200 tonnes of cobalt

Corazon Mining Ltd (ASX:CZN) intends to begin drilling this month at Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada, after completing a targeting program focusing on areas surrounding historic mines.  

Targeting work incorporated the analysis and integration of multiple historical exploration datasets combined with modern geophysical processing technologies.

Several high-priority drill targets have been defined and preparations for drilling these targets is underway.

Permits for drilling have been granted by the provincial government of Manitoba and a drilling contractor has been engaged with the company intending to begin the program as soon as possible.

Priority drill targets at the Lynn Lake mine area include:

  • Near-surface mineralisation;
  • Areas on-trend from historical mines; and
  • Areas adjacent to the company’s existing resources.

In addition, several new high-potential areas that are geophysically analogous to previously mined areas have also been defined within the Lynn Lake mining centre.

Lynn Lake Nickel camp focus

The recent recovery of nickel has led the company to undertake a strategic review of the project.

Corazon has consolidated the entire Lynn Lake nickel camp and its extensive historical datasets, which includes more than 75 years of exploration and 24 years of mining information.

The company is the first to gain control of the entire Lynn Lake nickel camp since mine closure in 1976 and in doing so has created the opportunity to complete detailed interrogation and targeting within the mine area and across the wider project area.

Previous work

Recent mining studies at Lynn Lake have centred on nickel deposits at depths of more than 400 metres below surface.

Corazon’s drilling to date has highlighted the potential to define additional resources closer to the surface, adjacent to the historically mined area.

These areas will be the initial focus for the upcoming drilling.

Quick facts: Corazon Mining Ltd

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Market: ASX
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