Corazon Mining claims new massive sulphide discovery at Lynn Lake

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