Corazon Mining Limited announces the identification of the drill targets for the proposed drilling program at the Lynn Lake project in Manitoba province. A recent Mobile MT geophysical survey was concluded at Lynn Lake that identified numerous anomalies indicating the potential of copper-cobalt sulphide mineralization. The priority targets are untested and understood as magma conduits between satellite mafic/ultramafic intrusive bodies and massive “eye-like” Fraser Lake Complex within Lynn Lake.
* Venus-1 to be Completed As Real Energy and Strata-X Energy’s First Pilot Production Well Venus-1, the first CSG pilot well in the ATP 2051P Project Joint Venture between Real Energy Corporation Limited and Strata-X Energy Ltd, has been suspended as a future pilot production well. The well reached its total depth of 715 meters, and the rig is demobilizing. Several coal intervals with outstanding gas shows were recorded with a preliminary interpretation of the wireline logs indicating ~25 meters of net coal pay.
* ASX:88E Finalises Preferred Bidder For Peregrine Farm-Out 88 Energy Limited (ASX:88E) has provided an update in connection with the farm-out at its Project Peregrine, which has progressed to the final phase and the preferred bidder has now been selected. The process is subject only to the finalization of standard documentation. 88E received competitive bids and witnessed a strong interest in the opportunity.
