Total
0
Shares
Corazon Mining (ASX:CZN) - Non Executive Chairman, Terry Streeter - The Market Herald
Non Executive Chairman, Terry Streeter
Source: Business News
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Corazon Mining (CZN) is preparing for its next phase of drilling at the Lynn Lake project in Canada's Manitoba Province
  • The drilling was initially postponed to February after the Lynn Lake region and the province reported a post-Christmas outbreak of COVID-19
  • Fortunately, this has now been contained
  • Corazon's latest campaign will target new geophysical conductors which were recently identified by the aerial MobileMT geophysical survey
  • The company says drill sites have now been prepared ahead of the drilling program
  • On the market, Corazon last traded for 0.3 cents per share on January 22

Corazon Mining (CZN) is preparing for its next phase of drilling at the Lynn Lake project in Canada's Manitoba Province.

The drilling will target new geophysical conductors which were recently identified by the aerial MobileMT geophysical survey.

Last year, Corazon identified multiple new electromagnetic conductor anomalies, with some of these indicating nickel, copper and cobalt sulphide mineralisation.

The geophysical conductors are located in the previously untested areas of the Fraser Lake Complex, within Lynn Lake, near the drill defined nickel, copper and cobalt sulphide mineralisation.

Drill sites have now been prepared and drilling is expected to commence in early February.

COVID-19 outbreak

Authorities within the Lynn Lake region and the Province of Manitoba have recently reported a post-Christmas outbreak of COVID-19. Fortunately, it now appears the virus has been contained.

This means that the drilling program, which was expected to commence in the new year, was delayed.

Corazon says it will continue to monitor the situation at Lynn Lake.

On the market, Corazon last traded for 0.3 cents per share on January 22.

CZN by the numbers
More From The Market Herald
Ookami (ASX:OOK) to purchase stakes in two African exploration projects

" Ookami (ASX:OOK) to purchase stakes in two African exploration projects

Ookami (OOK) has agreed to purchase interests in two African mineral exploration projects, Boulbi and Messok East.
Conico (ASX:CNJ) - Chairman, Greg Solomon - The Market Herald

" Conico (ASX:CNJ) subsidiary signs Greenland drilling contract

Conico’s (CNJ) subsidiary, Longland Resources, has signed a contract with Cartwright Drilling for work at the Ryberg Project in Greenland.
PolarX (ASX:PXX) - Managing Director Frazer Tabeart - The Market Herald

" PolarX (ASX:PXX) augments Humboldt Range lode claims

PolarX (PXX) has significantly increased its landholding at its Humboldt Range gold and silver project in Nevada.
Victory Mines (ASX:VIC) begins RC drilling at Coogee

" Torrens Mining (ASX:TRN) begins seismic survey at Mt Piper

Gold and copper exploration company Torrens Mining (TRN) has begun a passive seismic survey at its Mt Piper Gold Project.