THE DRILL SERGEANT: Corazon Mining (ASX: CZN) informed the market it has commenced at the Fraser Lake Complex (FLC), located just five kilometres south of the company’s 100 per cent-owned Lynn Lake nickel-copper-cobalt mining centre in Canada.
Corazon Mining kicked off the drilling on Valentine’s Day and expects the first hole (FLC-2018-018) to reach more than 600 metres in length.
The company said it had already encountered disseminated to heavy net-textured sulphide mineralisation from surface in the first hole, which is consistent with mineralisation it intersected with its 2017 drilling program.
“This is encouraging insofar as it supports the geophysical models being used to target drilling,” Corazon Mining said in its ASX announcement.
“Corazon expects to drill a minimum of 1,500 metres in the current program with at least two holes testing the large geophysical anomalies within the FLC.”
The company indicated the drilling is scheduled to be completed mid- March and will include new priority drill targets that were confirmed from Corazon’s 2017 fieldwork.
“The initial drill target is a deep-rooted, funnel-shaped, strongly magnetic anomaly, which has similar characteristics to the nearby high-grade nickel-copper-cobalt sulphide EL Mine Deposit, within the major historic Lynn Lake Mining Centre,” Corazon said.
Corazon has been exploring at the FLC since December 2016, carrying out drilling, ground geophysics, downhole geophysics and geochemistry.
The company believes the FLC has the potential to host substantial nickel-copper-cobalt sulphide deposits.
The large amount of data the company has generated to date has produced geophysical and geochemical models that have further refined the focus of the current drilling program at the FLC.