Corazon Mining Completes Latest Lynn Lake Drilling

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has completed its latest round of drilling at the Fraser Lake Complex (FLC), within the Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.

Corazon Mining completed a two-hole (FLC2020-22 and FLC2020-23) drill program over priority FLC targets, both of which intersected magmatic sulphide mineralisation, supporting the company’s exploration model.

Hole FLC2020-23 was drilled to a depth of 383 metres at the Western Contact Zone (WCZ), intersecting widespread low-levels of magmatic sulphide mineralisation.

Corazon generated the WCZ target area via recent re-processing of geophysical data that extends the FLC prospect a further one kilometre to the west, linking it to the Motruiuk Ultramafic Complex.

The area hosts multiple geophysical anomalies, including magnetic highs, gravity highs, IP chargeability highs and EM conductors.

Corazon has identified this new area within the Lynn Lake project as a potential host for gabbro-hosted nickel deposits.

Hole FLC2020-22 was drilled to test a magnetic high, but did not intersect the basal contact of the intrusion that had been defined by the company from existing geophysical surveys.

The company also completed an aerial magneto-telluric geophysical survey (MobileMT), which is a new aerial geophysical method over much of the Lynn Lake project – taking in the FLC and WCZ extensions.

Preliminary results from this geophysical survey support the potential for the direct detection of massive sulphide mineralisation.

Corazon will use the final data from this survey, which is expected later this month, to define targets for next phase of drilling.

“The recent drill hole at the FLC has opened up a whole new region of opportunity and genetically linked the FLC to prospective ultramafic intrusions further to the west,” Corazon Mining chairman Terry Streeter said in the company’s announcement to the Australian Securities Exchange.

“The geophysics and drilling completed to date have identified where we need to explore, but it’s a big area and we’ve lacked the ability to geophysically directly detect nickel massive sulphide.

“We’re hoping this new method, MobileMT, enables us to do this across the whole project area.”