Corazon Mining Confirms Large Mineralised Trend at Fraser Lake Complex

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has received assay results from a Phase 3 drilling program at the Fraser Lake Complex (FLC), near the company’s 100 per cent-owned Lynn Lake nickel-copper-cobalt Mining Centre in Canada.

Corazon Mining has been conducting large mineralised system exploration at the FLC since December 2016, which has included drilling, ground geophysics, downhole geophysics and geochemistry.

The large amount of data generated is currently being collated for interpretation and modelling.

The work involved three phases of drilling completed within the FLC since January this year, including ten holes into the Matrix Trend, a 1.7 kilometre long Induced Polarisation chargeability anomaly, interpreted as the feeder zone for the intrusive complex.

“Drilling within the Matrix Trend indicated that multiple pulses of sulphide-rich magma have been injected into the FLC,” Corazon Mining said in its ASX announcement.

“The nickel-copper-cobalt mineralisation within the Matrix Trend is significant in that it identifies the feeder zone of the FLC as a long-lived, multi-phase, well-mineralised magmatic system with the potential to develop high-grade sulphide deposits.”

Corazon noted that all holes drilled within the Matrix Trend, across all programs, were extensively mineralised for their entire lengths.

Results included:

FLC-2017-14
53.1 metres at 0.68 per cent nickel equivalent from 261m; and

FLC-2017-16
27m at 0.61 per cent nickel equivalent from 30m.

The intensity of the iron-nickel-copper (Fe-Ni-Cu) magmatic sulphide mineralisation Corazon intersected varied from weakly disseminated to strongly disseminated, matrix to semi-massive and massive styles.

The company observed nickel and copper-bearing sulphides throughout the drill core.

“Drilling of the Matrix Trend has defined a stratified feeder dyke and sulphide mineralisation within a horizontal flow of more than 925 metres,” the company said.

“Analysis of more than twenty geochemical variables has defined at least three significant nickel-copper-cobalt enriched magmatic cycles, each supporting narrow, higher-grade metal content (1.3%Ni to 2.9%Ni).”

Email: info@corazon.com.au

Website: www.corazon.com.au