Corazon Completes Acquisition of Victory Nickel-Copper Project

Corazon Mining Ltd. (ASX:CZN) announced that it has completed its acquisition of the Victory nickel-copper project. The project was formerly owned by Victory Nickel Inc. (TSX:NI), and is located in Manitoba.

Press release highlights include:

• One of Canada’s most prolific nickel producing districts until its closure in 1976, now boasts:
  • A large resource base
  • Excellent infrastructure – beneficial for mine development
  • Huge exploration prospectivity – highlighted by recent discoveries
• Victory Nickel-Copper Project hosts 17Mt* @ 0.66% nickel and 0.33% copper (112kt nickel and 57kt copper) (*NI 43-101 resource @ plus 0.6% NiEq, a ‘foreign estimate of mineralisation’ not reported in accordance with JORC)
• Combined project creates a significant nickel-copper asset – benefits in scale and mine-life for potential future mining operation
• Current activities aimed at fast-tracking project development:
  • Resource Estimate upgrade to JORC 2012
  • Exploration for additional sulphide bodies using modern techniques
  • Definition of preferred processing route
  • Mining studies directed at low cost and high-grade early production

Click here to read the full Corazon Mining Ltd. (ASX:CZN) press release.