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Corazon Mining Ltd.
Summary
| Project: | Lynn Lake | |
|---|---|---|
| Deposit: | Fraser Lake Complex | |
| Location: | Canada | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 8/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-8-2017: Corazon Mining Ltd. announces an Exploration/Drilling Update report for its Fraser Lake Complex deposit at the Lynn Lake project. Drilling results incl. 22.63m @ 0.7% Ni, 0.35% Cu, 0.04% Co from 261m. Corazon Mining Limited (ASX: CZN) (“Corazon | |
| 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 the assay results from its Phase 3 drilling program at the Fraser Lake Complex (“FLC”), located just five kilometers south of its 100% owned Lynn Lake Nickel-Copper-Cobalt Mining Centre in Canada. FLC: A Large Mineralised System Exploration at the FLC has been on-going since December 2016, and has included drilling, ground geophysics, downhole geophysics and geochemistry. The large amount of data generated is currently being collated for interpretation and modelling. It is expected these geophysical and geochemical models will determine the focus for future drilling at the FLC. Three phases of drilling completed within the FLC since January this year have included ten holes into the Matrix Trend, a 1.7 kilometres long Induced Polarisation chargeability anomaly, interpreted as the feeder zone for the intrusive complex. Phase 3 drilling included four core holes for 1,857 metres, targeting the interpreted “neck” of the feeder zone to the FLC. Drilling within the Matrix Trend indicated that multiple pulses of sulphide-rich magma have been injected into the FLC. The nickel-copper-cobalt mineralisation within the Matrix Trend is significant in that it identifies the feeder zone of the FLC as a long-lived, multi-phase, well-mineralised magmatic system with the potential to develop high-grade sulphide deposits. | |
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