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Corazon Mining Ltd.
Summary
| Project: | Lynn Lake | |
|---|---|---|
| Deposit: | Fraser Lake Complex | |
| Location: | Canada | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 3/15/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-3-2017: Corazon Mining Ltd. announces an Exploration/Drilling Update report for its Fraser Lake Complex deposit at the Lynn Lake project. Drilling results incl. 1.36m @ 0.92% Ni, 0.89% Cu, 0.07% Co from 387.50m. Corazon Mining Limited (ASX: CZN) (“Cora | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brett Smith (Internal) | |
| ABSTRACT: | Corazon Mining Limited (ASX: CZN) (“Corazon” or “the Company”) is pleased to announce initial assay results from its Phase 1 drilling program at the Fraser Lake Complex (“FLC”) within the Lynn Lake Nickel-Copper-Cobalt Project in Canada, and advise that the second phase of drilling has commenced. Assay results received to date confirm that Corazon has intersected Lynn Lake Mine tenor grade nickel-copper-cobalt mineralisation. This supports the Company’s view that the large mineralised magmatic sulphide system, identified by drilling to date at the FLC, has the capacity to host nickel-copper-cobalt deposits similar to that which supported mining for decades at the nearby Lynn Lake Mining Centre. Corazon is focusing its exploration effort on a large induced polarization (IP) chargeable geophysical anomaly (the Matrix Trend) with a defined strike of 600m and potential strike of more than 1.5km. To date, three holes have tested this anomaly, with all intersecting substantial widths of nickel-copper-cobalt sulphide mineralisation. Despite these spectacular results, it’s the Company’s assessment that all three holes have not intersected the targeted anomalies and as such there is a continuous refinement of targeting models. The first phase of drilling intersected small zones of massive sulphide in a predominantly semi- massive setting, proving the magmatic sulphide system within the Matrix Trend has the capacity to develop and host Lynn Lake-style deposits. | |
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