THE DRILL SERGEANT: Corazon Mining (ASX: CZN) announced plans for drilling to be carried out at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.
Corazon Mining has completed an extensive targeting program focusing on areas surrounding the many historic mines within the project.
The work the company has completed has incorporated the analysis and integration of multiple historical exploration datasets, combined with modern geophysical processing technologies.
Corazon has now identified several high-priority drill targets and now has preparations for drilling these targets underway.
Permits for drilling have been granted by the Provincial Government of Manitoba and a drilling contractor has been engaged and Corazon intends to commence drilling as soon as possible.
Drill Targets Identified Priority Lynn Lake Mine Area drill targets include:
Areas on-trend from historical mines; and
Areas adjacent to Corazon’s existing resources.
In addition, several new high-potential areas that are geophysically analogous to previously mined areas have been defined within the Lynn Lake Mining Centre.
Corazon has taken a strategic review of the Lynn Lake project on the back of the recent recovery in the price of nickel.
The company has consolidated the entire Lynn Lake nickel camp and its extensive historical datasets, which includes more than 75 years of exploration and 24 years of mining information.
Corazon is the first company to gain control of the entire Lynn Lake nickel camp since mine closure in 1976; in doing so, Corazon believes it has created the opportunity to compete detailed interrogation and targeting within the mine area and across the wider project area.
“Substantial mineral resources have been defined within the historic mining centre and good opportunity exists to add to the resource base from exploration within well-defined mineralised corridors,” Corazon Mining said in its ASX announcment.
“With little modern exploration undertaken to date, the opportunity for further discoveries within the Lynn Lake mining centre is substantial.
“Exploration in recent years has highlighted the project’s potential, with discoveries made by several companies including Western Areas (ASX: WSA), Independent Nickel (TSX: INI) and Corazon.”
Lynn Lake’s current JORC-compliant resource identifies 110,300 tonnes of nickel metal, along with 51,400 tonnes of copper and 5,200 tonnes of cobalt.