Join our daily newsletter At The Bell to receive exclusive market insights
- Corazon Mining (CZN) has deployed a novel electromagnetic surveying technique to identify targets at its Lynn Lake project in Canada
- The company is slating the MobileMT geophysical surveying technique as a game-changer in the detection of nickel sulphides
- Previous airborne and ground electromagnetic surveys had misidentified targets due to the complex geology of the Lynn Lake area
- The new technique eliminates the “noise” and has identified a number of drill-ready targets at the Fraser Lake Complex
- Importantly, the targets sit outside previously drilled areas which returned mineralised intersections — so there’s even greater potential than thought
- Corazon Mining closed Monday’s session grey at 0.3 cents
Corazon Mining (CZN) has deployed a novel electromagnetic surveying technique to identify targets at its Lynn Lake nickel-copper-cobalt project in Canada.
The MobileMT
Corazon is slating the MobileMT geophysical surveying technique as a game-changer.
Previous airborne and ground electromagnetic surveys had misidentified targets due to the complex geology of the Lynn Lake area.
Conductive lake deposits, barren sulphidic sediments and rock xenoliths show up as possible targets in conventional surveys, but the MobileMT tech avoids the confusion.
By marrying the MobileMT datasets with other geophysical data, Corazon has a powerful tool for target generation in the difficult environment at Lynn Lake.
The technique is effective to depths over one kilometre.
A number of priority nickel sulphide targets have already been generated, and multiple new conductors are still being analysed.
The Next steps
The MobileMT survey has presented a number of drill-ready targets.
While the spectre of COVID-19 restrictions still hangs as a possible impediment to any projected timeline, Corazon is hoping to begin drilling by the end of the year.
Early interpretations of geophysical data have identified priority targets at the Fraser Lake Complex, where previous drilling showed indications of a large magmatic nickel-copper-cobalt sulphide system.
Promisingly, previously intersected mineralisation sits outside the new areas of interest, so there’s a good chance of more positive results being returned from future drilling.
The survey also indicates there may be sulphide corridors in a kind of “plumbing system” between intrusive complexes.
Given the source of the sulphides is yet to be identified, there may be a high-grade core at Fraser Lake which is feeding the wider magmatic sulphide system.
With the new targets ready for drilling, it’ll be interesting to see what emerges at Lynn Lake.
Corazon Mining closed Monday’s session grey at 0.3 cents.
