Nickel

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.

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.

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