- Corazon Mining (CZN) unearths lithium-bearing pegmatite at its newly acquired Miriam project in Western Australia
- During initial field mapping at the nickel sulphide project, widespread indications of pegmatite were discovered, including an outcrop hosting spodumene crystals
- Samples were taken from an historical prospecting trench and the spodumene was verified using Raman Spectroscopy
- CZN now believes there is potential for a significant opportunity at the project, where there is very little outcrop and extensive thin soil cover
- At market close, company shares were up 33.3 per cent trading at 2.8 cents
Corazon Mining (CZN) has unearthed lithium-bearing pegmatite at its newly acquired Miriam project in Western Australia.
During initial field mapping at the nickel sulphide project, widespread indications of pegmatite were discovered, including an outcrop hosting spodumene crystals.
Samples were taken from a historical prospecting trench and the spodumene was verified using Raman Spectroscopy.
While the extent of the pegmatite is yet to be defined, Corazon said there is abundant pegmatitic ‘float’ material throughout the project area.
The samples from this latest round of work have been submitted for laboratory analysis.
Corazon acquired the Miriam project in April of this year and the tenements are under application.
While no lithium exploration has been undertaken in the past, CZN now believes there is potential for a significant opportunity at the project, where there is very little outcrop and extensive thin soil cover.
Moving forward, lithium exploration will be a priority, alongside exploration and expansion of the nickel sulphide deposit.
At market close, company shares were up 33.3 per cent trading at 2.8 cents.