Nickel Targets Defined

Corazon Mining Limited (ASX:CZN) (Corazon or Company) is pleased to announce a new campaign of exploration drilling at its wholly owned Lynn Lake Nickel-Copper-Cobalt Sulphide Project (Lynn Lake or Project) in Manitoba Province, Canada.

Corazon's exploration at Lynn Lake is focused on the Fraser Lake Complex (FLC), a large metal rich mafic intrusive body located approximately five kilometres from the historical Lynn Lake Mining Centre (Mining Centre) (Figure 1).

The upcoming phase of drilling is scheduled to commence this month and will test discrete pipe-like bodies (pipes) within the FLC. Geophysically these dense bodies are very similar to the spatially related ultramafic intrusives and massive sulphide deposits within the Mining Centre.

Recently completed detailed aerial gravity geophysics over the FLC (ASX announcement 17 January 2022) highlighted numerous pipes that are yet to be tested by drilling (Figure 2). These features are also apparent (to some degree) within the magnetic data and appear to come together to form a large body at depth within the centre of the FLC (Figure 3).

The potential for massive sulfide deposits to exist in close association with ultramafic lithologies within the extremely mineralised FLC, is a priority exploration focus for Corazon.

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