Corazon Mining Ltd (ASX:CZN) managing director Brett Smith tells Proactive that a substantial nickel sulphide body is taking shape at the Lynn Lake Nickel Project in Manitoba, Canada.
Thanks to a two-hole drilling program over the famed Fraser Lake Complex, the explorer was able to test a geophysical anomaly and intersect a 55.4-metre sulphide zone that hosts massive, semi-massive and disseminated sulphides.
Smith says the target could warrant follow-up drilling, depending on the results that come back from core sample analysis. Signing off, he also provides a brief update on the companys WA lithium project.
The most significant outcome from this drilling is proving that our new geophysical techniques can identify the targeted magmatic sulphides, as well as these late, metal-rich ultramafic pipes, he told the market on Thursday.
This drilling is the first in testing several similar geophysical anomalies, some of which link into areas of known nickel mineralisation.
Although we have not previously seen barren magmatic sulphides associated with these rocks, the fine-grained nature of the sulphide mineralisation is atypical of the coarse grained Lynn Lake sulphide bodies, and as such we advise caution in assuming the tenor of nickel within the sulphide zone.
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Corazon Mining Ltd
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