- Corazon Mining (CZN) has received approval to drill the South Pipe target at the company’s Lynn Lake Project in Canada
- The South Pipe target is a large conductive, magnetic, pipe-like feature, located on ground recently acquired by the company
- Drilling of the South Pipe will be incorporated into Corazon’s recently started drilling phase at the Fraser Lake Complex target
- The company will begin preparations to drill at South Pipe by securing site access to the target
- Despite the drilling approval, Corazon Mining is down 1.72 per cent and trading at 5.7 cents per share
Corazon Mining (CZN) has received approval to drill the South Pipe target at the company’s Lynn Lake Project in Canada.
The Lynn Lake Project is a nickel-copper-cobalt sulphide mining centre, located in the central Canadian province of Manitoba.
Corazon Mining has already conducted numerous rounds of drilling at Lynn Lake in the past. During one of its recently completed aerial MobileMT geophysical surveys at the site, the company identified the South Pipe as a new potential drilling target.
Corazon Mining used a novel electromagnetic surveying technique to identify the target, in light of Lynn Lake’s complex geology, which had previously complicated the process.
The South Pipe Conductor target is a large conductive, magnetic, pipe-like feature, situated on ground recently acquired by Corazon Mining.
Located in the southern area of the Lynn Lake Project, the South Pipe is a high-priority drill target and currently Corazon’s highest-ranked geophysical anomaly.
Corazon Mining will immediately begin the preparations for drilling at the South Pipe target. These preparations will start with building access to the drill target site.
Drilling of the South Pipe will be incorporated into the company’s current drilling phase at the Fraser Lake Complex (FLC). Corazon Mining began drilling at the FLC target just last week, after extreme polar weather conditions delayed the start of the program.
The company will release the results from this drilling phase to the market when they become available.
Despite the drilling approval, Corazon Mining is down 1.72 per cent and trading at 5.7 cents per share.