Corazon targets more nickel with Fraser Lake drilling
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Corazon has kicked off another phase of drilling targeting newly identified geophysical anomalies at its Lynn Lake nickel-copper-cobalt sulphide project in Canada.
These include the large, downhole electromagnetic conductors at the Fraser Lake Complex where its previous drilling had identified extensive, low-grade disseminated mineralisation.
Corazon Mining’s (ASX:CZN) initial priority target is a significant geophysical anomaly – DHEM plate 23B – that is interpreted as being at least 287m down-dip and 84m in strike, which is roughly analogous in size to the nickel-copper-cobalt sulphide deposits that were previously mined at Lynn Lake.
This is in line with the company’s goal of making new discoveries similar to existing deposits within the Lynn Lake mining centre.
Besides DHEM plate 23B, drilling will also test DHEM plate 23A and Target 28 that are on strike along an interpreted north-south fault, which defines a trend of interest for about 500m.
Corazon expects the 2,000m program to be completed over the next two months with results to be released as they become available.
This will include, if appropriate, statements regarding definitive visual evidence of significant sulphide mineralisation.
Lynn Lake currently has a resource of 116,800t of nickel, 54,300t of copper, and 5,300t of cobalt.
This article was developed in collaboration with Corazon Resources, 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.