Corazon Mining Ltd (ASX:CZN) is progressing toward the potential redevelopment of the historical nickel sulphide Mining Centre at its flagship Lynn Lake Project in Manitoba, Canada.
The company has made significant progress in exploration drilling, metallurgical test-work and defining additional resources within the project area.
Corazon took the strategic step of consolidating the entire Lynn Lake nickel field under its ownership in 2015 – the first time this world-scale nickel belt had been controlled by one company.
Exploration drilling
Exploration drilling at the Fraser Lake Complex is continuing, following early encouraging results from drilling at the Motriuk Ultramafic intrusion.
The existence of visible pentlandite (nickel sulphide) in blebs and the potential for these sulphides to accumulate at depth, provide a compelling target for the drilling in progress.
Following a 10-day scheduled break in drilling, it is due to recommence on July 22, 2022.
With an all-inclusive per-metre rate for this drilling program, Corazon bears no additional cost for drilling downtime or slow meterage.
Mining centre exploration
Corazon’s geological personnel are working with international mining consultants, Palaris, on incorporating all relevant historical data into 3D digital models that will facilitate the identification of areas for potential resource upside within the Lynn Lake Mining Centre.
At the Mining Centre, the company is assessing the potential to benefit from the extensive low-grade sulphide mineralisation surrounding known deposits and identifying relatively untested extensions to the current resources (within the upper levels of the mine surrounds).
Also, Palaris has been engaged to undertake mining studies, which are focused on four separate disciplines - geology, geotechnical, mining strategy and processing.
The study program seeks to assess and maximise the synergies and interactions across all four disciplines to ensure optimal whole-of-project outcomes.
The final deliverable of the mining studies will be a revised mining strategy for the entire mineralised area, focused on optimal production rates and low mining costs.
Metallurgical test-work
Metallurgical test-work on lower-grade material is underway and new 3D models of structure, rock type and geophysical surveys for the A-Plug Mining Centre are being utilised to define potential areas for exploration and resource definition drilling.
The company is incorporating an innovative ore-sorting technology as an upgrading option for the metallurgical test-work program.
Consequently, two third-party suppliers of ore-sorting (upgrade) technology have been engaged to complete initial bench-scale test-work on low-grade material from the EL Deposit.