Corazon Mining identifies strong EM Conductors at Lynn Lake

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced results of a downhole electro-magnetic (DHEM) geophysical survey conducted on recently completed drilling within the Fraser Lake intrusive complex (FLC) at the company’s Lynn Lake nickel-copper-cobalt project in Canada.

Corazon Mining said the results from the DHEM survey of drill hole FLC-2017-002 indicate the presence of an off-hole, high CT (conductivity thickness) conductor with a strong response of more than 5,000 siemens, located 120 metres to the north-northeast of the hole.

Anomalous conductivity starts at about 340m below surface and extends down to at least 480m with late channel responses indicating very high CT values in excess of 10,000 siemens.

Corazon said a possible second conductive body was also observed at a shallower depth of about 250m down hole.

The DHEM data for this feature is in the process of analysis and interpretation.

Corazon explained the conductors identified are approximately 340m from the recently-announced massive sulphide identified in drill hole FLC-2017-003.

Although they have been interpreted to likely represent separate features, all are located within the same high-chargeability IP anomaly (the Matrix HCIP feature) targeted by Corazon’s drilling and are coincidental with a greater than 30m/s IP (induced polarisation) chargeability maxima within this zone.

“Based on the strength of the conductive anomalies, their interpreted depth, and the depth of massive sulphide intersected in drilling, the company has commenced a ground EM survey,” Corazon Mining said in its ASX announcement.

“This survey will cover the full extent of the targeted high-chargeability anomaly, attempting to better define potential massive magmatic sulphides at depth within this feature.”

Email: info@corazon.com.au

Website: www.corazon.com.au