For thousands of other reports visit RSC's Mineral Intellingence Map
Corazon Mining Ltd.
Summary
| Project: | Lynn Lake | |
|---|---|---|
| Deposit: | Fraser Lake Complex | |
| Location: | Canada | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 6/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-6-2017: Corazon Mining Ltd. announces an Exploration/Drilling Update report for its Fraser Lake Complex deposit at the Lynn Lake project. Drilling results incl. 5.45m @ 0.45% Ni, 0.36% Cu, 0.02% Co from 164.0m. Corazon Mining Limited (ASX: CZN) (“Corazo | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Brett Smith (Internal) | |
| ABSTRACT: | Corazon Mining Limited (ASX: CZN) (“Corazon” or “the Company”) has completed its third phase (Phase 3) of drilling at the Fraser Lake Complex (“FLC”), located just five kilometers south of its 100% owned Lynn Lake Nickel-Copper-Cobalt Mining Centre in Canada. Drilling completed has re- confirmed the potential for the FLC to host significant nickel-copper sulphide deposits. Three phases of drilling have been completed on the FLC this year, for a total of 13 holes for 5,363.75 metres. Within this, 10 holes have targeted the Matrix Trend (Figure 1), a large Induced Polarization (IP) chargeability anomaly of more than 1.7 kilometres, coincident with the interpreted feeder zone to the FLC intrusion. Feeder zones within intrusive complexes, such as the FLC, provide environments conducive for the formation of massive sulphide deposits. Drilling phases 1 and 2 (refer to previous Company ASX announcements) targeted the northeastern extensions of the Matrix Trend (Figure 1). Phase 3 drilling was completed closer to the origin (neck) of the feeder zone. The overall sulphide content intersected in the Phase 3 drilling is significantly greater than previously identified. The intensity of the mineralisation is increasing closer to the interpreted source of the feeder zone. All holes in the Phase 3 program were extensively mineralised for their entire lengths. The intensity of the iron-nickel-copper (Fe-Ni-Cu) magmatic sulphide mineralisation intersected varied from weakly disseminated to strongly disseminated, matrix to semi-massive and massive styles. Nickel and copper-bearing sulphides are observed throughout the drill core. Samples are currently being processed for submission and analysis. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report