THE DRILL SERGEANT: Corazon Mining (ASX: CZN) received preliminary results from the first three holes completed in the current phase of drilling at the company’s 100 per cent-owned Lynn Lake nickel-copper-cobalt sulphide Mining Centre in Canada.
Corazon Mining said the preliminary results were highly positive with all three holes intersecting strong sulphide mineralisation, including a broad zone of more than 35 metres of strong sulphide mineralisation (between 7 metres to 42 metres downhole) in hole 7.
The three completed holes (holes 5, 6, 7) have been drilled for a total of approximately 356 metres, targeting areas around the A Orebody that had previously been covered by infrastructure from the A-Shaft and processing plant area within the historical Lynn Lake Mining Centre.
Corazon’s current phase of drilling is focused on the Lynn Lake Mining Centre, where the primary targets are near-surface mineralisation on-strike from historical mines and existing resource areas, with the aim of further expanding the project’s already large resource base.
Approximately 1,200 metres of diamond core drilling are planned for the current program, which is expected to be completed in the current month.
Hole #5 intersected at least five metres of good sulphide mineralisation, before being terminated early due to intersecting what is interpreted to be the backfilled crown pillar stope.
Hole #6 intersected multiple narrow zones of mineralisation, consistent with mineralisation marginal to the Lynn Lake deposits.
Hole #7 intersected a broad zone of plus 35 metres of strong sulphide mineralisation between 7 metres to 42 metres downhole.
“Corazon’s recent mining studies at Lynn Lake have predominantly centred on nickel deposits at depths of more than 400 metres below surface,” Corazon Mining said in its ASX announcement.
“This work has highlighted the potential to define additional resources closer to surface adjacent to Lynn Lake’s historically mined areas.
“These areas are the initial focus for the current drilling program.”
In addition to testing the historical mining areas, Corazon has also defined several new high-potential areas geophysically analogous to the Lynn Lake sulphide deposits within the Lynn Lake Mining Centre, which the company considers to represent further resource upside potential.