Corazon Mining to Buy Manitoba-based Victory Nickel Project

- November 6th, 2014

Corazon Mining Ltd. (ASX:CZN) announced that the terms have been finalized for its acquisition of Victory Nickel Inc.’s (TSX:NI) Victory Nickel project, located in Manitoba’s Lynn Lake nickel-copper field.

Corazon Mining Ltd. (ASX:CZN) announced that the terms have been finalized for its acquisition of Victory Nickel Inc.’s (TSX:NI) Victory Nickel project, located in Manitoba’s Lynn Lake nickel-copper field.

Highlights include:

  • Lynn Lake is Canada’s 3rd largest nickel producing district; Victory Nickel Project contains the main nickel resources in Lynn Lake
  • Victory Nickel Project hosts 17Mt @ 0.66% nickel & 0.33% copper (NI 43-101 resource @ plus 0.6% NiEq, a “foreign estimate of mineralisation” not reported in accordance with JORC)
  • Strategic acquisition complements Corazon’s adjacent Lynn Lake Nickel Project, consolidates Corazon’s ownership of the Lynn Lake mining centre
  • Acquisition creates a significant nickel-copper asset with benefits in scale and mine-life for potential future mining operation

Visit Corazon Mining Ltd. (ASX:CZN) to view the release.

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