Corazon Mining Ltd (ASX:CZN) has completed the current phase of drilling at the Fraser Lake Complex (FLC) within its Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba province, Canada.
Drilling focused on priority exploration targets at the FLC, five kilometres south of the Lynn Lake Mining Centre, where Corazon is targeting significant, new nickel-sulphide discoveries.
In addition, the company has completed a 430 line-kilometre MobileMT airborne geophysical survey over Lynn Lake to further define targets for the next phase of drilling.
Lynn Lake Project Area outline, MobileMT survey flight lines, drill holes reported and prospects over a regional aeromagnetic image
Corazon chairman Terry Streeter said: “The recent drill hole at the FLC has opened up a whole new region of opportunity and genetically linked the FLC to prospective ultramafic intrusions further to the west.
“The geophysics and drilling completed to date have identified where we need to explore, but it’s a big area and we’ve lacked the ability to geophysically directly detect nickel massive sulphide.
“We’re hoping this new method, MobileMT, enables us to do this across the whole project area.”
Next phase of drilling
Preliminary results from this geophysical survey support the potential for the direct detection of massive sulphide mineralisation.
The final data from this survey is expected this month and will be used to define targets for the next phase of drilling.
Drilling equipment will remain at Lynn Lake, enabling the rapid recommencement of the next phase of drilling.
