Corazon Mining discovers major copper cobalt silver gold trend at Mt Gilmore
A 2019 work program to advance these new targets is now being compiled.
Company
ASX:CZN
Corazon Mining Ltd (ASX:CZN) is an Australian resource company with projects in Australia and Canada. The commodity mix of Corazon’s projects places it in a strong position to take advantage of the growing demand for metals critically required for the booming rechargeable battery sector. In Canada, Corazon has consolidated the entire historical Lynn Lake Nickel Copper Cobalt Sulphide Mining Centre in the province of Manitoba. It is the first time Lynn Lake has been under the control of one company since mine closure in 1976. Lynn Lake hosts a large JORC nickel-copper-cobalt resource. In Australia, Corazon is exploring the Miriam Nickel-Copper Sulphide and Lithium Project in Western Australia and the Mt Gilmore Cobalt-Copper-Gold Sulphide Project in New South Wales.
171 stories · page 2 of 2
A 2019 work program to advance these new targets is now being compiled.
Investments and investor services
Despite a sharp price correction in 2018, shrinking supply sources and growing demand for battery chemicals are predicted to sustain cobalt prices into the 2020s.
The company’s managing director will speak at the RIUExplorersConference in Fremantle next month.
The ongoing regional exploration program is shoring up the project with the aim of assessing its resource potential.
Drilling focused on the Cobalt Ridge prospect within the Mt Gilmore Project.
The company aims to redevelop the historical Lynn Lake Mining Centre.
Fertoz's non-executives have executed their options.
Investments and investor services
The annual convention is on next week at the Hilton Brisbane with 48 presentations and 70 exhibitors.
Investments and investor services
Up to 600 investors hear from 21 companies at events in Sydney and Melbourne this week.
Mt Gilmore Project and the Cobalt Ridge cobalt prospect are priority focuses for the company which will present at the RIU Resources Investor Roadshow in Melbourne tomorrow.
Around 600 investors will spend time at the Sydney event on Tuesday or at the Melbourne event on Thursday.
Corazon is also updating the resource estimates for the historic mining centre.
Drilling is targeting the Cobalt Ridge prospect within the Mt Gilmore Project.
S&P expects mined cobalt supply to increase at a CAGR of 12% to 2021.
The initial focus of the 2,000-metre program is on priority targets at Cobalt Ridge deposit.
A geochemical soil-sampling program of 3,000 samples is nearly half complete.
The current phase of exploration comprises systematic geophysical and surface geochemistry programs.
An updated desktop review has identified new primary cobalt targets at surface.
The anomalies extend the Cobalt Ridge mineralised system which is open in all directions.
Pending assays will confirm what the visual observations indicate.
Drilling began on Wednesday and the first hole is going to plan.
New priority drill targets have been confirmed from Corazon’s 2017 fieldwork programs.
Funds raised will be used at projects in New South Wales and Canada.
The halt will remain in place until Wednesday 24th January 2018.
The 2018 drilling program will focus on identifying the main cobalt lode.
Cobalt mineralisation identified from 3200 metre drilling program at Mt Gilmore Project.
The company's shares were up by 11% to $0.02 in early trade.
Results to date continue to expand the defined mineralised area.
Cobalt Ridge hosts one of the highest-grade cobalt deposits in Australia.
Considered to be one of the highest grade cobalt deposits in Australia.
Mt Gilmore is analogous to Cadia and Mt Morgans projects.
Corazon’s work will include drilling and detailed metallurgical test work.
Funds will be used to drill the high-grade Cobalt Ridge prospect.
The halt will remain in place until Monday 21st August 2017.
Cobalt Ridge hosts one of the highest-grade cobalt deposits in Australia.
Cobalt Ridge hosts one of the highest-grade cobalt deposits in Australia.
All holes in the Phase 3 program were extensively mineralised.
The FLC is a stand-out opportunity for the discovery of a new deposit.
Corazon Mining Ltd among Monday's ASX Volume Leaders late at the close.
Corazon Mining (ASX:CZN) has received drill results validating the Cobalt Ridge prospect’s potential to deliver discrete, high-grade zones of cobalt within the broader moderate grade mineralisation.
Corazon Mining (ASX:CZN) is commencing its maiden drill program at the Fraser Lake intrusive complex (FLC) within the Lynn Lake Nickel-Copper-Cobalt Project in Canada.
Corazon Mining (ASX:CZN) has received high-grade cobalt assays from a drilling program at the Mt Gilmore cobalt-copper-gold project in north-eastern New South Wales.
Corazon Mining Ltd's (ASX:CZN) shares have been halted this afternoon, following a company request for pre-open status to prepare details of drilling results.
Corazon Mining Ltd (ASX:CZN) has been granted a trading halt by the ASX this morning