Corazon Mining Ltd (ASX:CZN) has reported high-grade assays from its latest phase of drilling at the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba province, Canada.
All results have now been returned from the three-hole, 243.4-metre drill program completed at the A Orebody within the Lynn Lake Mining Centre.
The results have delivered further exceptional high-grade nickel, copper and cobalt intersections, including:
- 37 metres at 1.34% nickel, 0.50% copper, 0.040% cobalt from 8 metres including 8.35 metres at 2.36% nickel, 0.66% copper, 0.063% cobalt from 17 metres; and
- 21 metres at 0.67% nickel, 0.50% copper, 0.020% cobalt from 8 metres.
Drill hole location plan, with mined deposits (Orebodies) and target areas in the northern part of the Lynn Lake Mining Centre
This phase of work explored areas highlighted in drilling completed by Corazon in December 2019, in a program testing the potential for high-grade nickel-copper-cobalt surface extensions of historically mined underground deposits.
This drilling was successful in defining additional areas of high-grade mineralisation with the potential to add to the project’s significant existing resource base.
Fraser Lake Drilling
Recent drilling has also been undertaken at the Fraser Lake Complex (FLC) exploration play, five kilometres south of the Lynn Lake Mining Centre.
This drilling is testing a compelling new target defined by a number of geophysical methods, at the basal contact of the FLC gabbroic intrusion.
The initial drill hole into this target has reached the top of the defined anomaly.
Of important note is that the hole has displayed an increase in sulphide content (of between 1% and 8% from about 490 metres down-hole) with depth closer to the geophysical target and in line with the company’s geological model for the target.
This drilling is presently paused due to unsafe surface ground conditions on-site caused by high water levels from the seasonal melt of the winter snowfall.
Corazon expects to recommence drilling at the FLC once the meltwater levels recede.