Nickel sulphide exploration company, Corazon Mining Limited (ASX:CZN) (“Corazon” or “the Company”), is pleased to provide an update on exploration at its Lynn Lake nickel-copper sulphide project in Canada.
Drilling is continuing at Lynn Lake on the nickel-copper sulphide EL Deposit. The Company is currently completing two drill holes that will act as platforms for geophysical surveys between 800 and 1,200 metres below surface.
Corazon’s current exploration is focused on better defining the size and potential of the sulphide breccia mineralisation at the EL Deposit. This strategy involves the use of electromagnetic geophysics (EM) within deep drill holes recently completed at the EL Deposit. EM has been effective in defining the strong nickel-copper-cobalt sulphide mineralisation typical of the Lynn Lake deposits.
The Company made a significant new discovery at the EL Deposit in May 2011. The discovery hole intersected 23.75m @ 3.34% Ni, 1.54% Cu & 0.079% Co (from 731.25m). Drilling since then has focused on the zone between 700 and 820 metres below surface, targeting existing EM conductors. This drilling has identified a significant sulphide body and evidence of a high-energy mineralisation event.
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