Australian resource company Corazon has announced plans for its next phase of drilling at the Lynn Lake project in Canada’s Manitoba Province.
The Perth-based company announced that priority drill targets have been defined and preparatory works for drilling have been completed, with drilling expected to commence in early February.
Corazon’s recently completed aerial MobileMT geophysical survey at Lynn Lake identified multiple new electromagnetic conductor anomalies, some of which indicated the presence of nickelcopper-cobalt sulphide mineralisation.
The company said the anomalies of interest are located in a new untested area immediately adjacent to drill defined nickel-copper-cobalt sulphide mineralisation within the Fraser Lake Complex (FLC), which is located five kilometres south of the Lynn Lake Mining Centre.
“The Company plans to drill-test these conductor anomalies, in its search for high-grade massive sulphide mineralisation,” it said in a statement.
“Initially, the drilling will test priority geophysical conductors located on strike from the Matrix Trend within the FLC.”
Corazon said an additional priority target area for drilling is the South Pipe conductor – the most substantial, and highest priority, conductive anomaly defined by the MobileMT survey.
“This new anomaly is part of two large magnetic pipe-like bodies, possibly indicative of a deep-seated intrusive pathway that appears linked to known nickel-copper-cobalt sulphide mineralisation within the FLC,” reads the statement.
“The approval of exploration permits for this area are currently pending, and the Company plans to drill this target as a priority once applications have been granted.