Sponsored

Corazon Mining (ASX:CZN) commences next phase of the drilling program at Lynn Lake Nickel project

Summary

  • The next phase of drilling program will target the newly identified geophysical conductors in the immediate west of the Fraser Lake Complex (FLC) at the Lynn lake Nickel-Copper-Cobalt Sulphide Project.
  • The drilling program will initially focus on the 3 highest priority targets and include 1,600m of core drilling activity.
  • The approval for the high priority South Pipe target is awaited and will be drilled once the exploration permits have been granted.

Battery metals explorer, Corazon Mining Ltd. (ASX:CZN) commenced the next phase of the drilling program at the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba province of Canada. The commencement of the drilling program was postponed due to extreme polar weather conditions in northern Canada.

Video Interview: Executive Corner - Expert Talks with Mr. Brett Smith- Managing Director of Corazon Mining Ltd

The drilling program aims to test the fresh geophysical conductors located immediately west of the Fraser Lake Complex (FLC) in the Lynn Lake project area. The previous drilling program at the Fraser Lake Complex (FLC) identified extensive low-grade disseminated nickel-copper-cobalt sulphide mineralisation.

Targets at the Lynn Lake Project Source: Corazon Mining ASX Update 11 February 2021

Six priority drill targets have been identified within a large area of conductance to the west of the main FLC intrusion. This phase of drilling will initially target the three highest priority targets, and will comprise approximately 1,600m of core drilling, with subsequent drilling dependent on the outcome of the current drilling.

Must Read: Corazon Mining (ASX:CZN) preps up for the next phase of drill at Lynn Lake

A total of 6 drilling targets have been identified within the large area, west of the primary FLC intrusions. The drilling phase will initially focus on the three highest priority targets and will include approximately 1,600m of core drilling with subsequent follow-up drilling contingent on the out outcomes of the current drilling activity.

The drill results will be released in due course and will include, if appropriate, statements on the definitive visual evidence of sulphide mineralisation.

Important Read: Corazon Mining (CZN) Acquires New Prospective Area, Lynn Lake Project Area Expanded

Corazon traded at $0.059 a share on 11 February 2021, registering an increase of over ~13.6% against the previous close, with a market capitalization of $8.05 million.

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK