- Corazon Mining (CZN) has identified several conductors at the Lake Lynn Nickel-Copper-Cobalt Sulphate Project in Canada's Manitoba Province
- After drilling three diamond drill holes to test a conductive trend, Corazon completed a downhole electromagnetic survey at the holes and several others in the area
- According to the company, work to date has identified 10 conductors, some of which are similar in size to the deposits within the Lynn Lake Mining centre
- The downhole electromagnetic program is continuing, after which plans for the next phase of drilling will be finalised
- Shares have dipped 17.4 per cent to 3.8 cents
Corazon Mining (CZN) has identified several conductors at the Lake Lynn Nickel-Copper-Cobalt Sulphate Project in Canada's Manitoba Province.
The company completed an initial phase of diamond drilling, comprising three holes over 1482 metres, testing conductive trends to the west of the Frazer Lake Complex.
After completing the holes, Corazon carried out a downhole electromagnetic (DHEM) survey completed a downhole electromagnetic survey to contribute to its understanding of the size and location of conductors.
Several other holes in the area were also surveyed, and although the program is ongoing, it has already led to the identification of 10 conductors.
Inca claims many of these are similar in size to the deposits within the Lynn Lake Mining Centre and may represent sulphide bodies.
Once the DHEM program wraps us, Inca will finalise an upcoming drilling program, with newly identified anomalies to be prioritised for targeting.
Shares have dipped 17.4 per cent to 3.8 cents at 10:53 am AEST.