logo-loader
viewCorazon Mining Ltd

Corazon Mining commences drilling at Lynn Lake Nickel Sulphide Project

The company believes the Lynn Lake Nickel Copper Cobalt Mining Centre in Manitoba, Canada, presents a major development opportunity with large JORC Resources and brown-fields exploration potential.

Corazon Mining Ltd - Corazon Mining commences drilling at Lynn Lake Nickel sulphide Project
The program includes around 1,500 metres of diamond core drilling

Corazon Mining Ltd (ASX:CZN) has commenced the next phase of drilling at the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Canada.

The company plans to complete around 1,500 metres of diamond core drilling at high priority targets within the historical Lynn Lake Mining Centre, as well as at regional targets at the Fraser Lake Complex, five kilometres south of Lynn Lake.

All personnel are on site and the drill rig is setup on its initial hole, in final preparations for drilling which will commence this week and is expected to be completed in April.

Lynn Lake Mining Centre

The program within the Lynn Lake Mining Centre is designed to define additional areas of mineralisation that have the potential to add to Lynn Lake’s resource base.

Corazon’s recent exploration drilling at Lynn Lake has focused on testing the near surface expressions of historic underground mines, which operated continuously for 24 years until 1976.

The company’s drilling in December 2019 delivered multiple high-grade nickel sulphide intersections, including:

  • A Orebody: 37.8 metres at 1.68% nickel, 0.67% copper, 0.050% cobalt from 10 metres including 22.6 metres at 2.30% nickel, 0.82% copper, 0.068% cobalt from 24.4 metres.
  • E Orebody: 4.5 metres at 1.17% nickel, 0.22% copper, 0.029% cobalt from 25 metres and 4.1 metres at 2.09% nickel, 0.57% copper, 0.073% cobalt from 26.9 metres.

The current phase of drilling will test both the A Orebody and E Orebody areas and further define the near-surface resource potential of these targets.

Fraser Lake Complex

Corazon believes the Fraser Lake Complex (FLC) has the potential to host significant nickel-copper-cobalt sulphide deposits and has been systematically exploring since 2016.

The best drilling results returned to date include:

  • 22.6 metres at 0.70% nickel, and 0.35% copper from 258 metres, and
  • 27 metres at 0.37% nickel and 0.16% copper from 30 metres

The recent exploration within the Lynn Lake Mining Centre has refined targeting methodologies, particularly with respect to the processing and interpretation of geophysical datasets.

These new processes have been applied to the FLC, resulting in a much more complete understanding of the framework of the mafic intrusion and generating new geophysical features for testing in this phase of drilling.

Quick facts: Corazon Mining Ltd

Price: 0.0025 AUD

ASX:CZN
Market: ASX
Market Cap: $6.02 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...

1 week, 1 day ago

2 min read