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Corazon Mining (ASX: $CZN) commences next phase of drilling at Lynn Lake project

Corazon Mining (ASX: $CZN) commences next phase of drilling at Lynn Lake project


Corazon Mining Limited (ASX: $CZN) has initiated the next phase of exploration drilling at the Fraser Lake Complex (FLC), within the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada. The drilling aims to test the highest priority nickel sulphide targets defined by innovative geophysical methods, specifically the 3D Induced Polarisation (IP) and Magnetotelluric (MT) survey. The current drilling includes two core holes as an initial test of the highest priority anomaly, with completion expected in April and follow-up drilling planned subject to results.

Executive Commentary


The FLC hosts a large magmatic sulphide system, and the Company has progressively refined its drill targeting approach, adopting new and innovative geophysical techniques that have substantially enhanced its exploration model at the FLC. The recent 3D IP and MT geophysical survey has defined three high-priority conductive anomalies, which represent immediate drill targets. The drilling at the Fraser Lake Complex is a crucial step in our exploration efforts to identify significant nickel sulphide deposits, and we are optimistic about the potential of the current drilling program. We look forward to the results and the possibility of follow-up drilling based on the outcomes.

Summary


Corazon Mining Limited (ASX: $CZN) has commenced the next phase of exploration drilling at the Fraser Lake Complex (FLC) within the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada. The drilling aims to test the highest priority nickel sulphide targets defined by innovative geophysical methods, specifically the 3D Induced Polarisation (IP) and Magnetotelluric (MT) survey. The Company's adoption of new and innovative geophysical techniques has substantially enhanced its exploration model at the FLC. The drilling program, including two core holes as an initial test of the highest priority anomaly, is expected to be completed in April, with follow-up drilling planned subject to results. Corazon Mining remains optimistic about the potential of the current drilling program and is focused on identifying significant nickel sulphide deposits as part of its exploration efforts at the Lynn Lake Project.

CORAZON MINING LIMITED
CZN | ASX | Materials
0.0050(+0%)
At close 05/07 (AEDT)
Market cap
$3.3M
Volume
0
DY Yield
0
PE Ratio
0
52 Week Range
0 - 0.03
1YR Return
-64.286%

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