For thousands of other reports visit RSC's Mineral Intellingence Map
Corazon Mining Ltd.
Summary
| Project: | Lynn Lake | |
|---|---|---|
| Deposit: | Lynn Lake | |
| Location: | Canada | |
| Commodities: | Nickel-Copper-Cobalt | |
| Date: | 11/27/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 27-11-2019: Corazon Mining Ltd. announces a Resource Estimation report for its Lynn Lake deposit at the Lynn Lake project. Updated mineral resource estimate at project. Corazon Mining Limited (ASX: CZN) (Corazon or Company) is pleased to announce its upgr | |
| Resources: | (Resource, I+I): 16.321Mt @ 0.72% Ni, 0.33% Cu, 0.033% Co | |
| CP/QP: | [Resources]: Stephen Hyland (Hyland Geological and Mining Consultants) | |
| ABSTRACT: | Corazon Mining Limited (ASX: CZN) (Corazon or Company) is pleased to announce its upgraded Mineral Resource Estimate (Resource Estimate) for the Lynn Lake Nickel-Copper-Cobalt Sulphide Project (Lynn Lake or Mining Centre) in Canada. The current total Resource Estimate includes just six deposits within the Mining Centre, with multiple additional areas of mineralisation yet to be evaluated as potential additions to the Resource base. Full details of the new Resource Estimate are provided in Tables 1, 2 and 3, included within. New Company Chairman, Mr. Terry Streeter stated, “Corazon now has almost 117,000 tonnes of nickel metal in sulphide Resource sitting in one of the best mining provinces in Canada. All indications are that this will be further expanded. We’ve a drill rig on site setting up on targets recently generated in and around the Mining Centre. The forecasts for Class 1 Nickel demand is quite strong and we are keen for Lynn Lake to be in a position to take advantage of that market.” Lynn Lake was mined continuously for 24 years before its closure in 1976 and remains one of Canada’s most prolific nickel sulphide mining centres. The newly upgraded Resource captures the Golf Deposit, a large area of drill defined mineralisation located immediately below the G Orebody which was mined in the 1970’s (Figure 1). Corazon engaged independent resource consultants HGMC to provide an updated Mineral Resource estimation incorporating several deposits within the Lynn Lake Mining Centre. This estimation is summarised in Table 1, below, with further details provided in Tables 2 and 3, appended to this announcement. | |
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