THE BOURSE WHISPERER: Corazon Mining (ASX: CZN) announced the appointment of Terry Streeter to the company’s board as non-executive chairman.
Corazon Mining said the appointment the leading nickel sector identity and executive will help it drive an accelerated exploration and development program at the company’s Lynn Lake nickel-copper-cobalt sulphide project in the province of Manitoba, Canada.
Corazon holds a 100 per cent beneficial ownership of the Lynn Lake nickel-copper-cobalt sulphide camp.
The company flagged its intentions to re-focus on Lynn Lake as its core asset where it will accelerate work programs to explore for high-grade extensions to existing mines as well as resource expansion.
“I know the Lynn Lake project from my time at Western Areas when the company made a discovery there in 2008,” Streeter said in the company’s announcement to the Australian Securities Exchange.
“The potential of the region has now been further enhanced by Corazon’s recent work and its ability to consolidate the entire mining camp and I’m confident that together we can create something special at Lynn Lake.”
Corazon has consolidated the entire Lynn Lake nickel camp and its extensive historical datasets, which includes more than 75 years of exploration and 24 years of mining information.
Corazon is the first company to have control of the entire Lynn Lake nickel camp since 1976, which provides it the opportunity to compete detailed interrogation and targeting within the mine area and across the wider project area.