A recently completed geophysical survey at Corazon Mining’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada has defined three new priority drill targets.

The ground-based 3D induced polarisation and magneto-telluric (MT) geophysical survey defined several feeder-like bodies linking into areas of drill-defined nickel-copper-cobalt sulphide mineralisation within the Fraser Lake Complex 5km from the historical Lynn Lake Mining Centre.

Initial interrogation of the data has highlighted three new compelling, drill-ready targets – MTC1, MTC2 and MTC3.

The company plans to commence drilling Q3 CY23 or as soon as possible subject to ground conditions and access within the Project target areas.

Ground truthing of the target areas is expected to be completed in the next few weeks.

Anomalies associated with historical deposits

The Fraser Lake Complex is a key exploration focus for new nickel sulphide discoveries at the Lynn Lake Project. Corazon has defined a large magmatic sulphide system, approximately six kilometres by three kilometres, which has been subject to wide-spaced drilling over a small portion of the system, of approximately 1.5 by 1.5 kilometres

Corazon Mining (ASX:CZN) MD Brett Smith says the results of the survey have exceeded expectations.

“We were seeking to map the extensive near surface, lower-grade disseminated sulphide mineralisation that we have identified in drilling,” he said.

“From the survey data, we can now see this low-grade mineralisation as IP chargeability anomalies, associated with previously unknown MT conductive bodies, that may represent more intense sulphide mineralisation.

“These newly defined pipe-like conductive bodies extend to great depths and are spatially associated with pipe-like gravity features that we know are an expression of the target rocks, associated with the previously mined nickel sulphide deposits in the Lynn Lake Mining Centre immediately to the north.”

Corazon is also continuing to interrogate the newly acquired 3D datasets from its geophysical survey against the project’s existing geophysical, geological and geochemical data.

 

 

This article was developed in collaboration with Corazon Mining, 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.

 

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