- Corazon Mining (CZN) commences a new phase of drilling at its Lynn Lake project in the Manitoba Province, Canada
- Drilling will target recently identified geophysical anomalies within the Fraser Lake Complex
- The program will include around 2000 metres of diamond core drilling, initially focusing on three priority targets
- Corazon ends the day up 6.06 per cent to trade at 3.5 cents per share
Corazon Mining (CZN) has commenced a new phase of drilling at its Lynn Lake project in the Manitoba Province, Canada.
Drilling will target the recently identified geophysical anomalies within the Fraser Lake Complex. These anomalies include the electromagnetic conductors found in April and conductive trends generated by aerial geophysics.
The program will include around 2000 metres of diamond core drilling. Drilling will initially focus on three priority targets that are in close proximity to each other.
Exploration at the Fraser Lake Complex is targeting new nickel-copper cobalt sulphide discoveries that are similar to existing deposits within the Lynn Lake Mining Centre, around 10 kilometres to the north.
Corazon expects drilling to continue over the next two months, with results being released as they become available.
The company has consolidated the entire historical Lynn Lake Mining Centre.
Interestingly, this is the first time Lynn Lake has been under control by one company since the mine closed in 1976.
Lynn Lake is a major development opportunity for Corazon and has become increasingly prospective due to recent increases in the value of both nickel and cobalt metals.
At market close, Corazon was up 6.06 per cent to trade at 3.5 cents per share.