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Corazon Mining (ASX:CZN) ready for upcoming drilling at Lynn Lake

Mining
ASX:CZN      MCAP $5.54M
25 January 2021 15:00 (AEST)
Corazon Mining (ASX:CZN) - Non Executive Chairman, Terry Streeter

Source: Business News

Corazon Mining (CZN) is preparing for its next phase of drilling at the Lynn Lake project in Canada’s Manitoba Province.

The drilling will target new geophysical conductors which were recently identified by the aerial MobileMT geophysical survey.

Last year, Corazon identified multiple new electromagnetic conductor anomalies, with some of these indicating nickel, copper and cobalt sulphide mineralisation.

The geophysical conductors are located in the previously untested areas of the Fraser Lake Complex, within Lynn Lake, near the drill defined nickel, copper and cobalt sulphide mineralisation.

Drill sites have now been prepared and drilling is expected to commence in early February.

COVID-19 outbreak

Authorities within the Lynn Lake region and the Province of Manitoba have recently reported a post-Christmas outbreak of COVID-19. Fortunately, it now appears the virus has been contained.

This means that the drilling program, which was expected to commence in the new year, was delayed.

Corazon says it will continue to monitor the situation at Lynn Lake.

On the market, Corazon last traded for 0.3 cents per share on January 22.

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