Corazon Mining Ltd (ASX:CZN) has started drilling the high-priority South Pipe target within the wider Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada, which may be indicative of a deep-seated intrusive pathway linked to known mineralisation within the Fraser Lake Complex (FLC) further to the south.
South Pipe’s magnetic and conductive bodies are the first identified at the FLC and provide geological similarities to what has been observed within the Lynn Lake Mining Centre, around nine kilometres to the northeast.
Results will be released as they become available with preparations also underway to conduct downhole electromagnetic geophysical surveys (EM) on all holes in the program.
The EM surveys are designed to refine targets for follow-up drilling.
“Most significant target”
Managing director Brett Smith said: “We are excited to have commenced drilling at the South Pipe. This target is the most significant target generated by Corazon’s recent exploration.
“We will also conduct downhole EM surveys on all holes in the current program, which to date have shown good indications of mineralisation, to help further refine our targets for follow up drilling.”
The current drilling is testing several high-priority targets including recently identified geophysical conductors and comprises approximately 1,600 metres of diamond core drilling.
These targets are west of the Fraser Lake Complex (FLC)/Matrix Trend– and also at the South Pipe, more than 2 kilometres to the south with follow-up work depending on results.
“Characteristically different”
Corazon believes the vertical pipe-like South Pipe Conductor is characteristically different to the geophysical conductors being drilled to the west of the main FLC, which are believed to be in an environment dominated by horizontal or lateral intrusive magma flow.
Drilling is underway on the third hole of the program, FLC2021-29, which is designed to test the strong South Pipe conductor around 2 kilometres south from the previous drilling (holes 24 and 26).
Hole 24, as planned, skirted the top of a conductor and intersected some promising sulphide material.
Hole 26 went over the top of the targeted conductor and was terminated at a depth of 440 metres, due to the hole deviating significantly off target.
Both holes provide a good platform for downhole EM, which is expected to define the conductance trends more accurately and enable targeted follow-up drilling.