logo-loader
viewCorazon Mining Ltd

Corazon Mining intersects 21 metres at 2.47% nickel at Lynn Lake

Results highlight the presence of near-surface high-grade nickel-copper mineralisation around Lynn Lake’s existing resources and historical mines.

Corazon Mining Ltd - Corazon Mining intersects ‘exceptional’ high-grade nickel mineralisation at Lynn Lake in Canada
Remaining assay results are expected by the end of January

Corazon Mining Ltd (ASX:CZN) has intersected near-surface and high-grade mineralisation nickel in the first two drill holes at the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Canada.

Hole LL201902 intersected 37 metres at 1.71% nickel, 0.68% copper and 0.05% cobalt from 10 metres including 21.05 metres at 2.47% nickel, 0.66% copper and 0.07% cobalt.

Hole LL2019-01 intersected 7 metres at 0.62% nickel, 0.37% copper and 0.02% cobalt west of the main zone being targeted by LL2019-02.

A total of seven holes were completed for about 1,122 metres of diamond core drilling.

Further results from these holes and the remaining holes in the program will be released in due course.

Drill hole location plan over the satellite image

The company’s recent mining studies at Lynn Lake have centred on nickel deposits at depths of more than 400 metres and has highlighted the potential to define additional resources closer to the surface adjacent to Lynn Lake’s historically mined areas. 

Corazon's drilling predominantly targeted the A and E orebody areas with several other near-surface deposits within the large mining centre yet to be considered for drill testing.

Near-surface expressions tested 

Lynn Lake's style of mineralisation is typical of mafic/ultramafic intrusive magmatic sulphide systems hosting sulphides varying in concentrations from massive to weakly disseminated.

This latest phase of drilling tested near-surface expressions of mined areas that operated continuously for 24 years at an average grade of 1.02% nickel and 0.54% copper.

The A orebody was mined underground between 1953 and 1965, producing 4.8 million tonnes at 1.07% nickel and 0.55% copper.

While the massive sulphide crown-pillar was mined to surface, it was expected that ‘good’ mineralisation existed where historical infrastructure restricted surface mining.

Samples for all drilling with visible sulphides have been submitted for analysis, with results expected to be returned by the end of January 2020.

Quick facts: Corazon Mining Ltd

Price: 0.002 AUD

ASX:CZN
Market: ASX
Market Cap: $5.54 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Corazon Mining Ltd named herein, including the promotion by the Company of Corazon Mining Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Corazon Mining's Brett Smith details new technical report for Fraser Lake...

Corazon Mining Ltd's (ASX:CZN) Brett Smith speaks to Proactive's Andrew Scott following the release of its technical presentation on the Fraser Lake Complex which is five kilometres south of the Lynn Lake Mining Centre. ''We've reprocessed some of the geophysics and that's really unlocked a...

on 27/5/20

2 min read