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Corazon Mining to Acquire WA Nickel Project

THE BOURSE WHISPERER: Corazon Mining (ASX: CZN) has picked up an exclusive option to acquire the Miriam nickel project in the Goldfields of Western Australia.

Corazon Mining believes the acquisition of the Miriam project will complement the company’s core asset, being the more advanced Lynn Lake nickel-copper-cobalt sulphide project in Canada.

The Miriam project is a prospective nickel exploration project hosting the Miriam nickel deposit, where historic drilling intersected high nickel tenor massive and disseminated sulphides.

Initial defining drill intercepts for the Miriam deposit included:

9.6 metres at 5.6 per cent nickel;
12.5m at 0.56 per cent nickel;
3.2m at 2.59 per cent nickel;
0.9m at 5.57 per cent nickel; and
6.1m at 0.9 per cent nickel.

The company sees the Miriam project acquisition as a strategic opportunity to expand its portfolio of nickel sulphide assets and add to its nickel inventory, in a rapidly increasing global market appetite for quality Class-1 nickel, driven by the rising demand from the rechargeable battery sector.

“The Miriam project presents an opportunity to strategically add to our nickel project portfolio and provide a new exploration asset to complement our quality nickel sulphide project at Lynn Lake in Canada,” Corazon Mining chairman Terry Streeter said in the company’s ASX announcement.

“What attracted us to Miriam is the amount of sulphide that has been identified on that trend from the historical, widely spaced exploration drilling.

“There is a lot of smoke, and we believe, that with modern high-powered geophysics, there is a good opportunity to better define nickel sulphide concentrations along strike or down-dip from the defined prospects.

“The Miriam project exhibits a high-nickel content in the nickel sulphides intersected in previous drilling.

“There are multiple channel sequences that have potential to host nickel sulphide, along with broad zones of cloud sulphide within the ultramafics drilled along strike to the north and south.

“We are currently undertaking project due diligence and once its completed, we will advise of the outcome.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Brett Smith Corazon Mining (ASX: CZN) April 2021

Corazon Mining (ASX: CZN) has used new technology to identify new drill targets leading to a new ground acquisition at the company’s Lynn Lake nickel project in Canada. The company’s managing director Brett Smith zoomed into The Resources Roadhouse to tell us how its follow up of the oldest technology – drill rigs – has progressed.

Corazon Mining Identifies Multiple Conductors at Lynn Lake

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) reported news from the first phase of a 2021 drilling campaign at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba Province, Canada.

Corazon completed three holes in this phase of drilling at Lynn Lake, which the company said has resulted in a successful first-pass test of a new target area west of the Fraser Lake Complex (FLC).

Drilling also confirmed the technology used to identify the new drill targets – MobileMT’s effectiveness in identifying areas most favourable for magmatic nickel-copper-cobalt sulphides at Lynn Lake.

All holes drilled within the target area west of the FLC intersected favourable host rocks and extensive indications of magmatic sulphide mineralisation.

“The aerial MobileMT geophysics identified a large area of conductance, previously not recognised as prospective for nickel-copper sulphides,” Corazon Mining managing director Brett Smith said in the company’s ASX announcement.

“Our first round of drilling in this area intersected the right rocks and some good magmatic sulphides that enhances the potential of the target area.

“Now, with the detailing of DHEM conductors of a good size, that support the MobileMT interpretations, we have expectations that this large conductive trend to the west of the Fraser Lake Complex has the makings of a nickel-copper sulphide target area similar in size to the Lynn Lake mining centre.”

With drilling now complete, Corazon is conducting a DHEM program of holes on this phase and previous phases of drilling.

The company believes DHEM will more accurately define conductive bodies close to drill holes, within larger areas of anomalism defined by the aerial surveys.

 

 

Email: info@corazon.com.au

Web: www.corazon.com.au

 

Corazon Mining Drilling Priority Lynn Lake Target

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) commenced new drilling at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba Province, Canada.

Corazon Mining has started drilling at the high priority South Pipe target as part of this current phase of drilling.

The South Pipe is a substantial conductive anomaly located on ground recently acquired by Corazon and has been designated as the company’s the highest priority target of the current phase of drilling.

The South Pipe target was generated by an aerial MobileMT geophysical survey at Lynn Lake in late 2020.

Corazon is also preparing to conduct downhole electromagnetic geophysical surveys (EM) on all holes in the program designed to refine targets for follow-up drilling.

“we are excited to have commenced drilling at the South Pipe,” Corazon Mining managing director Brett Smith said in the company’s ASX announcement.

“This target is the most significant target generated by Corazon’s recent exploration.

“We will also conduct downhole EM surveys on all holes in the current program, which to date have shown good indications of mineralisation, to help further refine our targets for follow up drilling.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Corazon Mining Encounters New Lynn Lake Nickel-Copper Conductor

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) achieved initial positive visual results from drilling underway at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba Province, Canada.

Corazon Miing is drilling nickel sulphide geophysical conductor targets identified by a new exploration tool, a MobileMT geophysical survey, immediately west of the Fraser Lake Complex (FLC)/ Matrix Trend, within the Lynn Lake project area.

The initial drilling program will test at least three targets and comprises approximately 1,600m of diamond core drilling, with follow-up work depending on results.

The first hole FLC2021-24 (#24) has been completed, from which Corazon reported highly encouraging definitive visual evidence of sulphide mineralisation, including nickel and copper sulphides.

“The best sulphide mineralisation was intersected on trend from the main geophysical conductor in the first target area,” Corazon Mining said in its ASX announcement.

“This is a potentially significant discovery at Lynn Lake, opening up a new exploration front that includes multiple geophysical conductors for testing.

“The magmatic sulphide appears of high quality.

“It is dominated by pyrrhotite, with chalcopyrite and pentlandite also observed.

“Assay results from the first hole are expected to be available next month and will provide confirmation of nickel-copper tenor and grade.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Corazon Mining in Readiness for Drilling of New Lynn Lake Targets

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) is preparing its next phase of drilling at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba Province, Canada.

Corazon Mining will be drilling priority drill new electromagnetic conductor anomalies in early February it identified via a recently completed aerial MobileMT geophysical survey at Lynn Lake.

The company considers some of these anomalies to show indications of nickel-copper-cobalt sulphide mineralisation.

“The anomalies of interest are located in a new untested area immediately adjacent to drill defined nickel-copper-cobalt sulphide mineralisation within the Fraser Lake Complex (FLC), which is located five kilometres south of the Lynn Lake Mining Centre,” Corazon Mining said in its ASX announcement.

“The company plans to drill-test these conductor anomalies, in its search for high-grade massive sulphide mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Corazon Mining Defines New Lynne Lake Drill Targets

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has identified drill targets for the next phase of drilling to be carried put at the company’s Lynn Lake nickel-copper-cobalt sulphide project in Manitoba Province, Canada.

Corazon Mining identified the new targets via a recently completed MobileMT geophysical survey at Lynn Lake, a technology the company labelled as a “potential game changer” for the project.

The company’s initial interpretations of the geophysical data have focused on the Fraser Lake Complex (FLC), located within Lynn Lake, where earlier drilling by Corazon identified mineralisation indicative of a large magmatic nickel-copper-cobalt sulphide system.

“The definition of new conductors at the FLC has highlighted the prospectivity of the western extremity of the intrusive complex, and indicates a deep-seated plumbing system linking several intrusive bodies,” Corazon Mining said in its ASX announcement.

“Such a setting is extremely prospective for massive sulphide deposits and the volume of mineralised gabbro identified in the Matrix Trend extending from this new target area, further elevates the prospectivity for massive nickelcopper-cobalt sulphide deposits.

The MobileMT geophysical survey provided a range of geophysical datasets, including 3-dimensional resistivity to depths in excess of one kilometre.

“Areas of low resistivity are categorised as areas of conductance.

“Areas of extreme low conductance may represent massive sulphide deposits.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Corazon Mining Confirms Mt Gilmore Porphyry Potential

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) declared recent exploration work at the company’s Mt Gilmore copper-cobalt-gold project in New South Wales has confirmed confirmed the project’s porphyry potential.

Corazon Mining claimed identification of a copper-bearing diorite porphyry intrusion at the Gordonbrook Hill prospect, which has advanced the prospectivity of the Mt Gilmore project.

This intrusion is located coincidently on the margins of a high-grade copper and gold soil geochemical anomaly, and the surface projection of a concealed, high-value, Induced Polarisation (IP) geophysical anomaly.

“These coincident geochemical and geophysical anomalies at Gordonbrook Hill represent a significant mineralised porphyry target, which is now the priority target at Mt Gilmore,” Corazon Mining said in its ASX announcement.

“Detailed planning for drilling is underway, along with requisite New South Wales Government permitting and approvals for drilling.

“The porphyry intrusion outcropping at the Gordonbrook Hill is approximately 300 meters long, striking northeast-southwest and is semi-parallel with the strike of Gordonbrook Hill’s well-defined IP chargeability-high corridor.”

Corazon’s Mt Gilmore project is centred on an anomalous copper, gold, silver, cobalt and molybdenum trend, which is in excess of 20 kilometres in length.

The company has yet to determine the source of this metal anomalism, however the model being targeted is a copper-gold intrusive related system a style of mineralisation that is prevalent on the east coast of Australia.

 

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

 

Corazon Mining Completes Latest Lynn Lake Drilling

THE DRILL SERGEANT: Corazon Mining (ASX: CZN) has completed its latest round of drilling at the Fraser Lake Complex (FLC), within the Lynn Lake nickel-copper-cobalt sulphide project in Manitoba, Canada.

Corazon Mining completed a two-hole (FLC2020-22 and FLC2020-23) drill program over priority FLC targets, both of which intersected magmatic sulphide mineralisation, supporting the company’s exploration model.

Hole FLC2020-23 was drilled to a depth of 383 metres at the Western Contact Zone (WCZ), intersecting widespread low-levels of magmatic sulphide mineralisation.

Corazon generated the WCZ target area via recent re-processing of geophysical data that extends the FLC prospect a further one kilometre to the west, linking it to the Motruiuk Ultramafic Complex.

The area hosts multiple geophysical anomalies, including magnetic highs, gravity highs, IP chargeability highs and EM conductors.

Corazon has identified this new area within the Lynn Lake project as a potential host for gabbro-hosted nickel deposits.

Hole FLC2020-22 was drilled to test a magnetic high, but did not intersect the basal contact of the intrusion that had been defined by the company from existing geophysical surveys.

The company also completed an aerial magneto-telluric geophysical survey (MobileMT), which is a new aerial geophysical method over much of the Lynn Lake project – taking in the FLC and WCZ extensions.

Preliminary results from this geophysical survey support the potential for the direct detection of massive sulphide mineralisation.

Corazon will use the final data from this survey, which is expected later this month, to define targets for next phase of drilling.

“The recent drill hole at the FLC has opened up a whole new region of opportunity and genetically linked the FLC to prospective ultramafic intrusions further to the west,” Corazon Mining chairman Terry Streeter said in the company’s announcement to the Australian Securities Exchange.

“The geophysics and drilling completed to date have identified where we need to explore, but it’s a big area and we’ve lacked the ability to geophysically directly detect nickel massive sulphide.

“We’re hoping this new method, MobileMT, enables us to do this across the whole project area.”

 

Email: info@corazon.com.au

 

Web: www.corazon.com.au

 

Corazon Mining Moves to 100% Ownership of Lynn Lake Area

THE BOURSE WHISPERER: Corazon Mining (ASX: CZN) has acquired 100 per cent of the Lynn Lake nickel copper cobalt sulphide project area in Canada, having exercised an option to do so.

Corazon Mining had already consolidated the entire Lynn Lake nickel-sulphide mining centre, historically one of Canada’s largest nickel producing operations, under its sole ownership, which includes ground 100 per cent owned by Corazon following its acquisition of the Victory nickel-copper project, and the Dunlop project area, where Corazon has the rights to acquire 100 per cent ownership.

Corazon has now satisfied its obligations for settlement to exercise its option to acquire the Dunlop project area, which covers a large portion of the wider Lynn Lake Project.

Corazon considers the Dunlop project area to represent a critical component of the wider Lynn Lake project that covers the high-grade EL Mine and the Fraser Lake Complex (FLC) intrusion, located five kilometres south of the Lynn Lake mining centre and currently the subject of a targeted drilling program.

“Boasting large JORC compliant resources and beneficial infrastructure, Lynn Lake presents Corazon with a major development opportunity – one which is becoming increasingly prospective as a result of recent increases in the value of both nickel and cobalt metals,” Corazon Mining said in its ASX announcement.

“Both metals are forecast to have strong demand outlooks associated with their core use in the emerging global electric vehicle (EV) industry.”

 

Email: info@corazon.com.au

Web: www.corazon.com.au