Corazon Mining wraps up Lynn Lake drilling, eyes resource extension options
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Corazon Mining has completed the latest phase of drilling at its flagship Lynn Lake nickel-copper-cobalt sulphide project in Canada.
Assays are pending for the drilling of three new priority target areas and intersected favourable rock types with low levels of nickel and copper sulphide mineralisation.
The link to the South Pipe is yet to be drill tested, and Corazon Mining (ASX:CZN) says this represents a priority target and expects to drill there in the coming months, once the ground area has frozen.
Lynn Lake hosts a large JORC nickel-copper-cobalt resource and presents Corazon with a major development opportunity – especially considering recent increases in the value of both nickel and cobalt metals, and their core use in the emerging global electric vehicle industry.
The company is focused on progressing the potential redevelopment of Lynn Lake’s historical nickel sulphide Mining Centre towards production, with current activities including defining areas for resource extension drilling and the drilling of new zones, plus metallurgical testwork utilising efficient modern processes.
Notably, drilling to date has shown the area is littered with volcanogenic massive sulphide deposits (barren of nickel), geophysical “red herrings” that are a priority exploration focus and are being considered for additional work this coming winter.
This article was developed in collaboration with Corazon Mining (ASX:CZN), 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.