THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has commenced its next phase of drilling at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Canada.
Corazon Mining intends completion of approximately 1,500 metres of diamond core drilling at high priority targets located within the historical Lynn Lake Mining Centre, as well as at regional targets at the Fraser Lake Complex, situated five kilometres south of Lynn Lake.
The drilling at Lynn Lake is aiming to define additional areas of mineralisation that the company considers to have the potential to add to the already substantial resource base.
The company’s recent exploration efforts at Lynn Lake have focused on testing the near surface expressions of historic underground mines, which operated continuously for 24 years until 1976.
Drilling undertaken in December 2019 delivered multiple high-grade nickel sulphide intersections, including:
37.8 metres at 1.68 per cent nickel, 0.67 per cent copper, 0.05 per cent cobalt from 10 metres, including 22.6m at 2.3 per cent nickel, 0.82 per cent copper, 0.068 per cent cobalt from 24.4m;
4.5m at 1.17 per cent nickel, 0.22 per cent copper, 0.029 per cent cobalt from 25m; and
4.1m at 2.09 per cent nickel, 0.57 per cent copper, 0.073 per cent cobalt from 26.9m.
“The current phase of drilling will test both the A Orebody and E Orebody areas and further define the near-surface resource potential of these targets,” Corazon Mining said in its ASX announcement.
The Fraser Lake Complex (FLC) is an intrusive mafic body situated approximately five kilometres south of the Lynn Lake Mining Centre.
Corazon has systematically explored FLC since December 2016, and believes it has the potential to host substantial nickel-copper-cobalt sulphide deposits.
“The sulphide textures and style of mineralisation observed at the FLC are analogous to that observed within the Lynn Lake Mining Centre,” the company observed.
“The recent exploration within the Mining Centre has refined targeting methodologies, particularly with respect to the processing and interpretation of geophysical datasets.
“These new processes have been applied to the FLC, resulting in a much more complete understanding of the framework of the mafic intrusion and generating new geophysical features for testing in this phase of drilling.”