Initial geophysical survey results have defined three new priority drill targets for Corazon Mining Ltd (ASX:CZN, OTC:CRZNF) at its 100%-owned flagship asset, the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba, Canada.
The company recently wrapped up a high-powered, ground-based 3D induced polarisation (IP) and magneto-telluric (MT) geophysical survey at the Fraser Lake Complex (FLC), which was designed to test the extent of broad zones of sulphide mineralisation the company hit during wide-spaced drilling on site.
Focal point of exploration
FLC is a focal point of exploration for Corazon, only five kilometres south of the historical Lynn Lake Mining Centre.
The 3D geophysical survey mapped known mineralisation and identified previously undetected conductive bodies – potential feeder zones for immediate drilling.
These feeder-like bodies link into areas of drill-defined nickel-copper-cobalt sulphide mineralisation within the FLC.
Initial assessment of the data has delivered three new compelling, drill-ready targets and Corazon is eager to get stuck in with the drills – as soon as the third quarter of 2023 – when weather and ground conditions align.
Managing director Brett Smith said: “The results of this survey have exceeded expectations. We were seeking to map the extensive near surface, lower grade disseminated sulphide mineralisation that we have identified in drilling.
More intense sulphide mineralisation
“From the survey data, we can now see this low-grade mineralisation as IP chargeability anomalies, associated with previously unknown MT conductive bodies, that may represent more intense sulphide mineralisation.
“These newly defined pipe-like conductive bodies extend to great depths and are spatially associated with pipe-like gravity features that we know are an expression of the target rocks, associated with the previously mined nickel sulphide deposits in the Lynn Lake Mining Centre immediately to the north.”
Next steps at Fraser Lake
The company will continue to interrogate newly acquired 3D datasets from its geophysical survey against the project’s existing geophysical, geological and geochemical data.
Findings to date have refined Corazon’s model for the mineralisation identified within the FLC and offered three new targets for drilling that were not previously apparent in the exploration data for the FLC.
The drilling program is being designed, with ground truthing of the target areas expected to be finalised in the next few weeks.