Corazon continues Lynn Lake nickel intersections
THE DRILL SERGEANT: Corazon Mining has struck additional nickel/copper sulphide mineralisation during its ongoing drilling of geophysical (EM) conductors at its EL Deposit located within the Lynn Lake nickel sulphide project in Canada.
A recently-completed wedge hole intersected approximately 26 metres of strong matrix to semi-massive sulphide style mineralisation from approximately 715 metres down hole, before grading into disseminated sulphide mineralisation – lower grade material.
The company said it received good visual evidence of nickel and copper mineralisation, supported by the results of a hand-held XRF tool.
The latest wedge hole drilled by the company has paralleled the first wedge hole announced by Corazon in June, which returned 23.75 metres at 3.34 per cent nickel, 1.54 per cent copper and 0.079 per cent cobalt.
Corazon said the combined results from the two holes assist it in defining the northern extents of the conductor target.
Although the exact location of the second wedge hole has yet to be accurately defined by survey, Corazon anticipates it to lie within 25 metres of the first, providing support for the company to plan an additional wedge hole.
This follow-up hole will target deeper within the mineralised system that has been defined by the EM conductors.
To date Corazon has drilled five holes into an EM conductor situated below the EL Mine.
These holes have tested only a small portion of the target; however they have all intersected high-grade nickel-copper mineralisation.
Assay for holes completed last month have now been returned with results including:
– 2.23m at 3.84 per cent nickel, 0.41 per cent copper and 0.092 per cent cobalt from 715.25m; and
– 42m at 3.99 per cent nickel, 0.36 per cent copper and 0.027 per cent cobalt from 724m.
Corazon has interpreted the first of these holes to have intersected the fault bounded on the upper eastern edge of the EM conductor target.
The other hole targeted an area slightly away from the edge of the EM anomaly and intersected the upper bounding fault at 724 metres and semi-massive to disseminated nickel and copper sulphides for the next 32.72 metres.
Corazon said another hole completed in the recent campaign went off target due to driller error and malfunctioning survey equipment.
The company said that it decided to see what eventuated so let the drilling continue expecting it may intersect an area previously untested by drilling.
This strategy paid off with the hole intersecting some 80 metres of strong Type 1 disseminated mineralisation from 820 metres to 906 metres.
“It is significant that the results of Corazon’s drilling have returned some of the highest recorded nickel grades in the Lynn Lake mining camp,” the company said in itsASX announcement.
“The predictability of the location of the mineralisation, coincident with the EM conductors, provides conclusive support that the EM anomalies recently defined represent semi-massive to massive sulphides, and hence high nickel and copper mineralisation.
“Drilling of the conductor is continuing, with the commencement today of a hole that will test the conductor deeper and further to the south.”