Corazon Mining Progresses Miriam Project Acquisition

THE BOURSE WHISPERER: Corazon Mining (ASX: CZN) has further progressed its rights to acquire 100 per cent of the Miriam nickel sulphide project near Coolgardie in Western Australia.

Corazon announced an agreement with the project vendor in 2021 to acquire the Miriam project, since when the company has now completed Stage 2 of the acquisition.

Having completed Stage 2 Corazon is now entitled to 100 per cent of the project taking sole control and management on behalf of all parties, with the vendor retaining the right to mine mullock dumps for gold mineralisation and to metal detect on the area for the first three years post granting of the relevant tenure.

Corazon considers Miriam a highly prospective nickel exploration project that represents a strategic addition to its portfolio of nickel sulphide assets.

“Corazon is enthusiastic about the project’s exploration potential,” Corazon Mining said in its ASX announcement.

“Drilling undertaken predominantly in the 1960s and 1970s at the Miriam nickel deposit intersected ‘high nickel tenor’ massive and disseminated sulphides.

“Corazon has highlighted extensions to areas of known mineralisation as the initial priority exploration focus.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au