Corazon Mining Ltd (ASX:CZN) has received all government approvals for drilling the high-priority South Pipe target on recently acquired tenure in the southern area of Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Canada.
The South Pipe target is a significant conductive anomaly on new ground acquired by Corazon in late 2020 and was generated from an aerial MobileMT geophysical survey at Lynn Lake.
This target appears analogous to the massive nickel-copper-cobalt sulphide bodies at Lynn Lake Mining Centre – specifically, the high-grade EL Mine which produced 1.9 million tonnes at 2.4% nickel and 1.15% copper to a depth of only 250 metres below surface.
Drilling at South Pipe is set to be included in the current phase of drilling at Fraser Lake.
South Pipe target
The newly defined South Pipe magnetic anomaly includes two parallel pipe-like bodies around 150 metres apart.
These vertical features are possibly indicative of a deep-seated intrusive pathway that appears linked to known nickel-copper-cobalt sulphide mineralisation within the Fraser Lake Complex (FLC), further to the north.
They also display geological similarities to those within the Lynn Lake Mining Centre (around 9 kilometres to the northeast) which produced 22.2 million tons at 1% nickel and 0.5% copper between 1953 and 1976.
The southern body is conductive from about 100 metres below surface to at least 850 metres and has geophysical characteristics analogous with the high-grade EL deposit, which remains open in all directions and provides a high-grade development front for any future mining operations at Lynn Lake.
Lynn Lake Project - MobileMT survey magnetic susceptibility inversion depth slice at 50 metres below surface over a GeoTem total-field regional aeromagnetic image.
Drilling to start shortly
The company will now begin preparations for drilling the South Pipe, which will include securing site access to the drill target.
Drilling is progressing at the FLC and will then progress to the South Pipe, with results released as they become available.