Corazon Mining Limited (ASX:CZN) has used results from a recent MobileMT geophysical survey to define new nickel sulphide drill targets for the next drilling phase at Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba Province, Canada.
Detailed planning is underway for drilling scheduled to commence by year-end, depending on the COVID-19 movement restrictions in Canada.
The Australian resource company is focusing its current exploration within the highly prospective Fraser Lake Complex (FLC) area within Lynn Lake.
Marrying the MobileMT’s resistivity/conductivity data sets with other geophysical data, has provided Corazon with a very powerful targeting tool in its search for massive nickel sulphide deposits.
The MobileMT geophysical survey has identified multiple new anomalies indicative of nickel-copper-cobalt sulphide mineralisation.
This new and innovative aerial geophysical process has the potential to be a ‘game-changer’ for Corazon’s exploration for massive nickel sulphide at Lynn Lake.
Magmatic nickel-copper-cobalt sulphide system
Initial interpretations of the geophysical data have focused on the FLC, where Corazon has identified mineralisation indicative of a large magmatic nickel-copper-cobalt sulphide system.
Several new conductors are located on trend from the Matrix Trend within the FLC.
The Matrix Trend is an induced polarisation (IP) high-chargeability geophysical trend that hosts extensive magmatic sulphide mineralisation.
Drilling within the Matrix Trend has returned widespread low-level disseminated nickel-copper-cobalt mineralisation and narrow zones of less than 1-metre, of semi-massive to massive nickel-copper-cobalt sulphide.
Mineralised areas previously drilled within the Matrix Trend are not conductive, as defined by the MobileMT survey and are outside the current areas of interest.
The new conductors identified are variable in form and the ‘conductors of interest’ have been defined and ranked on the basis of their intensity and coincidental anomalism with other geophysical characteristics.