The company plans to undertake about 1,500 metres of core drilling over high priority geophysical anomalies within the FLC.
The project is located only five kilometres south of the Lynn Lake Mining Centre.
Corazon has completed drill site preparation, with drilling scheduled to begin by the middle of January. The program is expected to take one month to complete.
The drilling will initially test four priority targets, generated from Corazon’s induced polarisation geophysics and surface geochemistry programs conducted in 2016.
This data will be used in conjunction with historical exploration data stretching back to the 1940’s.
Corazon has identified multiple compelling drill targets within the FLC, indicative of the style of mineralisation previously mined at Lynn Lake.
Despite mine closure in 1976, Lynn Lake remains Canada’s fourth largest nickel producing district - 22.2 million tonnes at 1% nickel were mined between 1953 and 1976.
The Lynn Lake deposits are favourable for large-scale, low-cost mining methods and in places have been exploited down to depths of more than one kilometre.
Corazon has estimated an indicated and inferred resource of 9.4 million tonnes at 0.88% nickel and 0.40% copper for the Lynn Lake Project in 2015 (83,000 tonnes of contained nickel and 37,800 tonnes of contained copper).
Nickel prices were hovering near year-long highs last month. Closing the year on a positive note can be attributed to a tightening supply chain for the metal.
Corazon’s shares were last trading at $0.018, up 5.9% intra-day.