Corazon Mining Ltd (ASX:CZN) has kicked off the 2022 exploration program at its wholly-owned Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba province, Canada with a detailed aerial gravity survey underway.
CZN will translate the results of the survey into new drill targets for the project, hoping to define zones of massive nickel-copper-cobalt sulphide deposits that are typical within the Lynn Lake Mining Centre.
The company is particularly interested in identifying discrete, dense bodies within the ‘eye’ of the Fraser Lake Complex (FLC), located some 5 kilometres from the Lynn Lake Mining Centre hub.
The Fraser Lake Complex
Exploration undertaken in 2021 identified a mineralised conduit feeding into an area of high-density within the FLC, possibly indicating ultramafic lithologies prospective for massive sulphide deposits in an area so far untested by drilling and only recently identified as prospective.
CZN’s focus has been on the Matrix Trend, an induced polarisation (IP) chargeability defined by geophysical surveys in 2016 and 2018.
This trend is interpreted to be an exposed part of a sulphide-rich magma conduit that ‘punched’ into the older and more fractionated Fraser Lake ‘gabbroic’ complex.
The intrusive conduit can be traced laterally over 3.5 kilometres, from the 'South Pipe' intrusion to the southwest of the FLC.
Modelling of geophysical datasets indicates the conduit system plunges into the FLC and into an area of higher density, which is indicative of ultramafic lithologies.
Ultramafics (peridotites) have yet to be identified in outcrop or drilling within the FLC but have so far had a very strong spatial and timing association with the massive nickel sulphide orebodies within the Lynn Lake Mining Centre.
The presence of peridotites within the FLC would be extremely encouraging for CZN, enhancing the possibility for the discovery of a Lynn Lake-style mineralised system.
About Corazon Mining
Corazon Mining is focused on the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada, and the Mt Gilmore Cobalt-Copper-Gold Project in NSW, Australia
In Canada, Corazon has consolidated the entire historical Lynn Lake Nickel Copper Cobalt Mining Centre and is the first company to have control of this vast asset since mine closure in 1976.
The company owns an 80% interest in the Mt Gilmore Copper-Cobalt-Gold Sulphide Project in NSW, which is host to the rare, cobalt dominant sulphide Cobalt Ridge deposit – one of Australia's highest-grade cobalt deposits.