Corazon Mining Limited (ASX:CZN) holds two key asset, the Lynn Lake Nickel Copper sulphide project in Manitoba, Canada and the Mount Gilmore Cobalt Copper Gold project in NSW, Australia.
Corazon reiterated its confidence in the two-pronged strategy to-
- Expand the existing superficial mineral resources at the Lynn Lake
- Explore new prospective Nickel Sulphide targets such as the Fraser Lake Complex (FLC).
With new targets identified especially in the FLC, Corazon is undertaking a drilling program at the site. The future steps will include identifying new targets, drilling of near-surface targets and mining & processing studies to minimise cost and optimise the final product.
At the Mount Gilmore project, Corazon has identified new large geochemical anomalies. With historic drilling program focussed on the Cobalt Ridge Strike, additional targets can be identified and drilled upon.
Corazon traded at $0.0030 a share at 11:42 AM AEST on 12 June 2020, with a market capitalisation of $7.23
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.