Corazon Mining Encounters High-Grades Near Surface at Lynn Lake

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has started 2020 on a positive note with the release of the first assay results from its latest phase of drilling at the company’s 100 per cent-owned Lynn Lake nickel-copper-cobalt sulphide project in Canada.

Corazon Mining reported partial results from the first two holes (LL2019-01 and LL2019-02) of a recently completed seven-hole diamond core drilling program that have returned exceptional, broad, near-surface high-grade mineralisation.

The company indicated that further assay results from these holes and the remaining holes in the program will be released as they become available.

Hole LL201902 intersected a high-grade interval of:

21.05 metres at 2.47 per cent nickel, 0.66 per cent copper, 0.07 per cent cobalt, within a broader zone of mineralisation, including 37m at 1.71 per cent nickel, 0.68 per cent copper, 0.05 per cent cobalt, from just 10 metres down hole.

The mineralised interval ended in grade (at 47 metres down-hole), with further assays pending.

Hole LL2019-01 returned good marginal-grade material with:

7m at 0.62 per cent nickel, 0.37 per cent copper, 0.02 per cent cobalt, west of the main zone being targeted by LL2019-02.

The drilling of LL2019-01 and LL2019-02 targeted areas around the A Orebody, historically covered with infrastructure from the A-Shaft and processing plant area within the Lynn Lake Mining Centre.

The area being targeted with drilling at the A Orebody is approximately 80 metres by 220 metres, surrounding previously mined high-grade massive sulphide (stoped to surface and backfilled).

The mined massive sulphide mineralisation at the A Orebody is described as ‘pipe-like’ with dimensions of approximately 40 metres by 120 metres.

“The company’s recent exploration work at Lynn Lake focused on defining additional areas of mineralisation with the potential to add to the project’s significant existing resource base,” Corazon Mining said in its ASX announcement.

“Corazon’s recent mining studies at Lynn Lake predominantly centred on nickel deposits at depths of more than 400 metres below surface.

“This work has highlighted the potential to define additional resources closer to the surface adjacent to Lynn Lake’s historically mined areas.

“The initial testing of these areas was the focus for the recent drilling program.”