Corazon Mining Limited is a Perth-based ASX listed exploration company (ASX: CZN) which has minerals projects in Australia and Canada. The Company is focused on developing the high-grade Lynn Lake Nickel Sulphide Project in the central Canadian Province of Manitoba. The project area includes the EL Mine, which was the highest grade deposit in the Lynn Lake Nickel Camp and historically produced 1.9Mt @ 2.5% nickel and 1.15% copper.

Corazon has an option to acquire 100% of the Lynn Lake Project and is focused on the definition of a resource at the EL Mine, as well as testing several look alike geophysical targets.

In Australia, Corazon has project interests in Western Australia and New South Wales, and it continues to evaluate appropriate strategies and options to maximize the value of these assets. The Company originally listed on the ASX in 2005 as Graynic Metals Limited (ASX: GYN) and has previously also been known as Xanadu Resources Limited (ASX: XNU), before changing its name to Corazon Mining Limited in July 2010
Corazon Mining (ASX:CZN)
Company Directors
Mr Adrian Byass Byass (Non Exec. Director)
Mr Brett Smith Smith (Managing Director)
Mr Clive Jones Jones (Non Exec. Chairman, Non Exec. Director)
Mr Jonathan Downes Downes (Non Exec. Director)
Mr Rob Orr Orr (CFO)
Contact Information
Phone: +61 8 6364 0518
Email:
Website:

Address
Level 1 350 Hay Street, Subiaco WA 6008, Subiaco , WA , 6008
Media Releases
Corazon Mining Ltd, Activities Report for Quarter Ended 31 December 2011
31 Jan,2012 12:43 PM

Australian exploration company Corazon Mining Limited (ASX:CZN) (“Corazon” or the “Company”) is pleased to announce its activities and exploration results for the quarter ending 31 December 2011.

Exploration during the December quarter focussed on drill testing the down-dip extensions to the EL Deposit. Drilling during the December 2011 Quarter included 3,778 metres of core.

Drilling successfully intersected sulphide mineralisation to a depth of approximately 800 metres below surface. The defined mineralisation is below the current resource and may constitute a new zone of massive sulphide breccia zone, similar to that mined at the historic EL Mine.

In January, Corazon commenced a new phase of drilling which has a main focus of testing the Lower Zone at the EL Deposit, comprising high-grade nickel-copper sulphide breccia, which was discovered in May 2011. The work program proposes an additional 4,500 metres of core drilling, to be completed by the end of May 2012. Newsflow from this drilling is anticipated to be regular during the quarter.

Corazon’s strategy is to initially determine the size and extent of the high-grade nickel-copper sulphide breccia, with a view to rapid progression of the project towards development and production. This drilling will be used in the estimation of a new resource for the EL Deposit, expected to be completed in mid-2012.


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