All you need to know about the Corazon’s Drilling Program at the Flagship Lynn Lake

Summary

• Corazon announced the completion of drilling at the initial hole in FLC shortly after resumption in August, now the company is continuing with drilling on new prospective targets in Western Contact Zone
• Corazon utilises advanced exploration techniques, including MVI to identify priority drilling targets. Plans to enhance near surface resources and identify additional new prospective deposits
• Drilling program at the orebody A within the historic mining centre exhibited high grade Nickel Sulphide mineralisation

Corazon Mining Ltd. (ASX:CZN), the battery metals explorer, has been progressing on the drilling program at the flagship Lynn lake in Manitoba, Canada. Corazon on 18 August 2020, announced the completion of the drilling program at the initial hole (FLC2020-22) at the Fraser Lake Complex (FLC), 5 kilometres south of the Lynn Lake mining centre.

Read Here: Corazon Mining resumes drilling at Lynn Lake, scheduled to complete within 10 days at FLC target

Drilling Program continues, Testing Anomalies in the Western Contact Zone

Corazon continues drilling at the second priority target within the Fraser Lake Complex, at the Western Contact Zone hosting numerous geophysical anomalies with substantial potential for large nickel-sulphide discoveries. It is crucial to note that the new target area is 800 metres northwest from the initial priority drilling hole (FLC2020-22).

The Western Contact Zone has been identified following the re-processing of the geophysical data and is interpreted to be associated with the Motruiuk Complex of the Fraser Lake Complex. The initial target (FLC2020-23), currently undergoing drilling, coincides with the magnetic, gravitational anomalies and EM conductors.

Historical Drilling Program and Its Outcomes

Altogether over 5 intrusive centres have been identified at Lynn Lake so far, all indicating presence of strong nickel-copper-cobalt sulphide mineralisation with only 2 of them explored satisfactorily.

Lynn Lake – Interpreted Geology, Source: Corazon Corporate Presentation 12 June 2020

Corazon had been using modern geophysical methods for exploration, including the Magnetic Vector Inversion technique to identify the new prospective area at a depth within the Lynn Lake project area.

The Magnetic Vector Inversion technique has proven its worth in identifying known mineralisation at a depth of at least 600 metres within the Lynn Lake Mining Centre. Corazon has been using the MVI technique since 2019 and is extending over the larger Lynn Lake project area.

Must Read: Robust Nickel Market favors Corazon’s Lynn lake

Two-Pronged Strategy for Exploration & Development

Corazon has been conducting extensive exploration programs including various geophysical and drilling program with the following two objectives-

• Expanding superficial mineral resources within the Lynn Lake Mining Centre complementing the resources at depth. The near surface resources enable Corazon to develop a low-cost mining operation on the existing extensive resources and in turn contributing towards the exploration and development of the mineralisation at depth.
• Exploring new world-class nickel sulphide deposits in the Lynn Lake project area.

Must Read: Corazon committed to turning “Nickel” into Dollars, Corazon’s Lynn Lake Ni Project

Drilling at the Historical Mining Centres, Aimed at Maximising the Near Surface Mineral Resources

Coherent to Corazon’s two-pronged strategy, the drilling program at the Lynn Lake targeted the potentially high-grade Ni-Cu-Co surface extensions, which were previously mined underground deposits.

On 1 May 2020, Corazon announced the assay results for the 3-hole, 243.4 metres drilling program (LL2020_07 to LL2020_09) at the orebody “A” within the Lynn Lake Mining Centre. The drilling program returned high grade Nickel, Cobalt and Copper intersections.

Further, together with the drilling program of December 2019, a total of 9 targets at the A Orebody has been tested with a focus to identify high-grade mineralisation in additional areas to further enhance the mineral resources.

Assay results from recent “A Orebody” drilling Source: Corazon ASX Update 1 May 2020

Read Here: Corazon Completes Drilling at FLC2020-22 Within FLC, Continues on Western Contact Zone

On 27 August 2020, Corazon was trading at $0.002 a share (AEST: 11:40 AM), with a market capitalisation of $6.51 million.

All financial information pertains to Australian dollar unless stated otherwise.