Corazon Mining Granted Fraser Lake Work Permits

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has had Work Permits for the drilling of new priority targets granted, enabling its next phase of work at the Fraser Lake Complex (FLC) in Manitoba Province, Canada.

Corazon said its discovery this year of magmatic nickel-copper sulphides within the FLC validates its exploration and targeting model, and confirms the FLC’s potential to host significant nickel-copper sulphide deposits.

An Induced Polarisation (IP) geophysical survey over the entire length of the interpreted feeder zone at the FLC extended coverage southwest from where drilling has been completed and generated new geophysical anomalies and new priority drill targets.

Corazon explained the new targets are located between 300m and 800m southwest of its completed 2017 drilling campaign and are outside the area previously approved for drilling at the FLC.

“All holes drilled to date within the Matrix Trend reported significant sulphide mineralisation in an area that the company now believes is peripheral to the main targets, which are closer to the margin of the FLC and deep mantle source from which the feeder zone originates,” Corazon Mining said in its ASX announcement.

“Sulphide mineralisation in drill holes within the Matrix Trend is pervasive, although variable in intensity.

“Textures and geochemistry suggest that multiple pulses of sulphide rich melt have intruded the FLC.

“Thin zones of massive sulphide intersected (typically less than 0.5m) appear to be predominantly flat lying and are characteristically different to the vertical pipe-like sulphide bodies within the Lynn Lake Mining Centre.

“The new targets are interpreted to have a strong vertical component, with gravity data identifying deep roots to the anomalies.”

Email: info@corazon.com.au

Website: www.corazon.com.au