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Corazon Mining responds to ASX query after 67% intra-day rise in share price

The company’s shares closed at 0.4 cents after trading about 67% higher intra-day, at 0.5 cents.

Corazon Mining Ltd - Corazon Mining responds to ASX query after 67% intra-day rise in shares price
Corazon is expecting drill assays in the second half of January 2020

Corazon Mining Ltd (ASX:CZN) has responded to an ASX price query, following a rise in its share price from a low of 0.3 cents to a high of 0.5 cents today.

The ASX also noted the significant increase in the volume of Corazon’s securities traded today.

The company said it was unaware of any reason for the recent trading in its securities.

Lynn Lake drilling

Corazon confirmed that there is no material change to the information provided in the company’s recent announcements regarding drilling at the Lynn Lake Nickel-Copper-Cobalt Project in Canada.

Samples from drilling completed in 2019 have been submitted for analysis, with assays expected to be received in the second half of January 2020.

Corazon also noted several recent positive industry articles regarding the forecast future demand in the nickel sulphide.

Other than this, the company confirmed it has no other explanation for the recent trading in its securities.

Quick facts: Corazon Mining Ltd

Price: 0.0025 AUD

ASX:CZN
Market: ASX
Market Cap: $8.13 m
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Corazon Mining about to resume drilling at Lynn Lake in Canada

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on 22/7/20

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