THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced drilling at the Fraser Lake intrusive complex (FLC) within the company’s Lynn Lake Mining Centre in the province of Manitoba, Canada intersected highly-encouraging massive sulphides.

Corazon Mining said that, based on visual observations of the drill core, the intersections are indicative of the high-grade nickel-copper mineralisation usually found within the Lynn Lake district.

The company explained the FLC discovery is located just five kilometres south of the prolific Lynn Lake nickel-copper-cobalt camp, which, despite closing in 1976, remains Canada’s fourth largest nickel mining region.

Lynn Lake was mined for 24 years producing approximately 205,420 tonnes of nickel and 108,750 tonnes of copper (cobalt recovery not reported) and, despite there being large remnant resources within the mine area, there has been minimal exploration in the region since mining.

“Initial drilling results at FLC have proven that the main target, highlighted by an Induced Polarization (IP) chargeability anomaly, represents a classic, large, Lynn Lake type mineralised magmatic system,” Corazon Mining said in its ASX announcement.

“This anomaly is defined over an area of 600 by 150 metres, and remains open to the southwest with a potential strike of at least one and a half kilometres.”

Corazon reported that two of the holes drilled in the five-hole program testing this target, FLC-2017-002 (depth 607m) and FLC-2017-003 (depth 520m and continuing) are mineralised for their entire lengths.

“All holes drilled have intersected extensive sulphide mineralisation. Sulphide mineralisation is dominated by pyrrhotite (iron sulphide), with chalcopyrite (copper) and pentlandite (nickel) – typical of the Lynn Lake style of mineralisation –, which has been visually observed and validated with a hand- held XRF,” Corazon Mining said.

Email: info@corazon.com.au

Website: www.corazon.com.au

THE DRILL SERGEANT: Marindi Metals (ASX: MZN) is set to commence an expanded exploration drilling program at the Gem Pegmatite Mining Lease, located within the company’s Forrestania lithium project in Western Australia.

Marindi Metals said the drilling had previously been scheduled to start in January, but inclement weather, including unseasonal heavy rainfall, prevented mobilisation of the drill rig to site.

The program will comprise approximately 2000m of reverse circulation (RC) drilling, and is being carried out to follow up an earlier high-grade intersection of 33 metres at 3.2 per cent lithium dioxide (Li2O), including 13m at 4 per cent encountered at the Gem target in December 2016.

Marindi claim this to be among the highest-grade lithium intersections ever reported in WA.

The company is undertaking the current drilling program to test the most prospective northern portion of the Gem mining lease, where difficult ground conditions prevented drill access during the December program.

The drilling is anticipated to take around two weeks to complete with assay results expected in March.

Marindi has also applied for another Program of Work (POW), which it anticipates to be granted by mid-February, which will allow for an expanded program of pattern drilling.

“We are very excited to be back drilling at Forrestania, where we have already confirmed the presence of high grade lithium mineralisation in an area hosting multiple targets in the heart of a rapidly emerging world-class lithium province,” Marindi Metals managing director Joe Treacy said in the company’s announcement to the Australian Securities Exchange.

“We look forward to reporting on the outcome of the program results once we have received all assay results.”

Email: info@marindi.com.au

Website: www.marindi.com.au

THE DRILL SERGEANT: Alloy Resources (ASX: AYR) has commenced an RC drill program at the company’s Ophara cobalt project, located 50 kilometres west of Broken Hill in New South Wales.

Alloy Resources also recently made application for a contiguous Exploration Licence of 58 square kilometres at the south of the project, which the company said covers similar geology and is largely unexplored.

The company has designed a 12 hole RC drill program to define the strike and depth potential of the known cobalt-gold mineralisation at the Great Goulburn prospect.

Alloy declared the Cobalt-Gold mineralisation is known from limited previous drilling and is associated with magnetite and pyrite at depth.

The company hopes the upcoming drilling will confirm and refine this relationship.

Both magnetic and electromagnetic anomalies associated with cobalt-gold mineralisation have been defined by previous ground surveys.

Holes will be surveyed by down hole geophysical methods; which Alloy expects will provide information to guide future regional geophysical exploration.

Alloy anticipates the program to take eight days to complete with results of sample analysis expected to take a further three to four weeks to be received.

“There have been six historical drill holes completed at Great Goulburn, and four intersected significant cobalt-gold mineralisation over a wide spacing,” Alloy Resources said in its ASX announcement.

“The company has designed an RC drill program which will complement this previous drilling and aims to better define the mineralisation over approximately a one kilometre strike.

“Some of the planned holes will also seek to explain the nature of extensive gossanous quartz veined structures with anomalous rock chip samples that have not previously been tested by drilling.”

Email: info@alloyres.com

Website: www.alloyres.com

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced the final core assay results from a recently completed maiden reverse circulation (RC) and core drilling program at the Cobalt Ridge prospect, within the company’s Mt Gilmore cobalt-copper-gold project in north- eastern New South Wales.

Corazon Mining said that two of the three core tails completed and six RC holes it had previously reported in December 2016 intersected the Main Cobalt Lode.

“RC and core drilling assay results have validated the company’s assessment of Cobalt Ridge as a unique, high-grade cobalt-dominant deposit with the potential to deliver valuable, discrete high-grade zones of cobalt, within broader moderate grade mineralisation,” Corazon Mining said its ASX announcement.

“The main cobalt lode has been drilled over a strike of about 200 metres, to a depth of 140 metres below surface.

“The mineralisation is open to the west, where it is coincident with soil geochemical anomalism and small-scale historical workings targeting copper mineralisation.

“The main cobalt lode mineralisation is typically about 16 metres in down-hole width (approx. 8 metres true width), with intersections up to 37 metres down-hole.”

Corazon indicated that the average cobalt grades for these intervals within the drilling it has completed to date are between 0.23 per cent and 0.65 per cent cobalt.

The company said multiple higher-grade zones of up to 1.48 per cent cobalt exist, at between one and seven metres down hole widths.

The best individual one metre assay achieved from this drilling came in at 2.79 per cent cobalt.

Corazon has identified three priority target areas at Cobalt Ridge, none of which have been subjected to modern exploration techniques.

The company expects surface geochemistry and geophysics will provide a good first-pass test.

Cobalt Ridge West – The best result from drilling by Corazon at Cobalt Ridge is the western-most hole, MGRC002 where mineralisation plunges to the west-northwest, coincident with the intersection of structures and lithologies

Additional (undrilled) structures have been identified at surface, which the company considers to have the potential to generate high-grade mineralisation.

The target is supported by anomalous soil geochemistry and abundant sub-cropping quartztourmaline-limonite breccia (Cobalt Ridge host rock).

Flintoff’s – This target sits immediately to the north of Cobalt Ridge and is centred on late 1800’s copper workings.

These workings exhibit the same trend and host material as at Cobalt Ridge, but are substantially larger.

The edge of the Cobalt Ridge soil sampling survey just touches on this trend, returning strong anomalism.

Cobalt Ridge East – The target is situated at the intersection of the Cobalt Ridge and Flintoff’s trends, under the cover of thin sediments.

Email: info@corazon.com.au

Website: www.corazon.com.au

THE DRILL SERGEANT: Tyranna Resources (ASX: TYX) has received final of assay results from reverse circulation (RC) holes and diamond drilling carried out at the Campfire Bore gold prospect.

Tyranna Resources is manager of the Western Gawler Craton Joint Venture, which includes WPG Resources (ASX: WPG) and Coombedown Resources.

The Campfire Bore prospect is located approximately 42 kilometres from the Challenger gold mine and is part of the large Jumbuck gold project in the Northern Gawler Block of South Australia.

Phase 2 drilling for 2016 at the Campfire Bore prospect consisted 37 RC holes for 2,658 metres, and one Diamond Hole completed for 100m.

According to Tyranna and the JV partners, drilling to date at Campfire Bore has delineated a consistent supergene gold blanket at the transition zone between the oxidised and fresh rock boundary.

This is claimed to be evident from multiple drill intercepts with grades greater than 30 grams per tonne gold that have been attributed to supergene enrichment, including:

16CBRC022
1m at 37.8g/t gold from 47m;

16CBRC015
1m at 36.8g/t gold from 42m;

16CBRC038
1m at 30.8g/t gold from 56m; and

16CBRC029
1m at 30.5g/t gold from 41m.

Tyranna said it had been encouraged by the results of this program of drilling, saying it proves the mineralised structure extends below the supergene blanket and into a primary zone.

The company acknowledged that deeper drilling is required to extend the gold zone and thus increase resource potential.

Diamond hole 16CBDH001 returned an intersection of 19m at 1.01g/t gold from 37m, including 7m at 1.9g/t gold from 37m.

Closer examination in the shape of sampling of 1m intervals from the mineralised zone evident from this diamond hole did not replicate the mineralised structures known as the ‘blue quartz vein’, which ranges from 10cm to 60cm in length.

Tyranna indicated a new sampling program will be undertaken to sample only the blue quartz veins in the mineralised structures to show a true reflection of the irregular distribution of the nuggety gold which is similar to the gold mineralisation at the Challenger gold mine.

“The sampling of the Diamond Drill core at one metre sections, while showing the consistency of the structure, did dilute some of the high-grade gold hits that are visible in the core,” Tyranna Resources managing director Bruno Seneque said in the company’s announcement to the Australian Securities Exchange.

“Notwithstanding that, the JV is very encouraged that the drill program continues to enhance this gold prospect and we are very keen to extend this discovery in 2017.”

Email: info@tyrannaresources.com

Website: www.tyrannaresources.com