The explorer has started the next phase of drilling at its historical Lynn Lake nickel project in Canada.

The focus is on the Fraser Lake Complex (FLC) – a large metal-rich mafic intrusive body just five kilometres from the historical Lynn Lake Mining Centre – where 3,000m of drilling will test four out of eight priority targets.

The targets are pipe-like intrusive bodies which are geophysically analogous to the massive sulphide deposits previously mined at Lynn Lake.

The company already has a significant 116,800t nickel, 54,300t copper, and 5,300t cobalt resource at the historic project – and if drilling is successful, it could get even bigger.

“Pending drilling results, this program may be extended to include these priority targets,” Corazon (ASX:CZN) says.

The drilling is expected to be completed by the end of the June quarter.

Targets similar to historic EL Deposit

An aerial gravity geophysical survey over the FLC in January identified the numerous dense pipe-like bodies that have not been drill-tested.

These features are also present within the magnetic data and appear to come together to form a large body at depth within the centre of the FLC.

Plus, the pipes are similar to the EL Deposit within the Mining Centre, a vertical intrusive mafic pipe, about 300 metres in diameter.

The EL Deposit was mined to only 200 metres below surface, producing approximately 1.9 million tonnes of ore at 2.4% nickel and 1.15% copper.



This article was developed in collaboration with Corazon Mining Limited, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.