Corazon Mining Limited (ASX: CZN) has commenced a drilling campaign at the high priority South Pipe target as part of its current phase of drilling at the Lynn Lake Nickel-Copper-Cobalt Sulphide Project in Manitoba Province, Canada.
Managing director, Brett Smith, said the South Pipe target is a significant conductive anomaly located on ground recently acquired by Corazon and is the highest priority target of the company’s current phase of drilling. The South Pipe target was generated from the recently completed aerial MobileMT geophysical survey at Lynn Lake.
Preparations are also underway to conduct downhole electromagnetic geophysical surveys (EM) on all holes in the program. The EM surveys are designed to refine targets for follow-up drilling.
The current drilling programme is testing several high-priority targets including recently identified geophysical conductors and comprises approximately 1,600 metres of diamond core drilling. The targets are situated immediately west of the Fraser Lake Complex (FLC)/ Matrix Trend – and also at the South Pipe, located more than two kilometres to the south, with follow-up work depending on results.
We are excited to have commenced drilling at the South Pipe. This target is the most significant target generated by Corazon’s recent exploration,” Mr Smith said.
“We will also conduct downhole EM surveys on all holes in the current program, which to date have shown good indications of mineralisation, to help further refine our targets for follow up drilling.”
The vertical pipe-like South Pipe Conductor is characteristically different to the geophysical conductors being drilled to the west of the main FLC, which are believed to be in an environment dominated by horizontal or lateral intrusive magma flow.
Mr Smith said the South Pipe magnetic and conductive bodies are possibly indicative of a deep-seated intrusive pathway that appear linked to known nickel-copper-cobalt sulphide mineralisation within the FLC, further to the north.
These are the first pipe-like bodies identified at the FLC; importantly, they provide geological similarities to what has been observed within the Lynn Lake Mining Centre approximately nine km to the northeast.
The southern body is conductive from about 100 metres below surface to at least 850 metres and has geophysical characteristics analogous with the high-grade EL Deposit massive sulphide breccia within the Mining Centre. The EL Mine produced 1.9Mt @ 2.4% Ni and 1.15%Cu to a depth of only 250 metres below surface.
