Amigos, it is the start of a new era for Corazon and shareholders. The drillings is expected to start in February and just have a look at how close Corazon (and Skerritt) came to massive sulfides (nickel-copper-cobalt) in previous drilling ops. First off, notice the importance of conductivity rather than chargeability in the description of targets. My understanding is that previously the geophysics was identifying areas with high chargeability to find targets for the drilling. Chargeability is the ability of the rocks to "hold onto" electric charge, which measn that the rock is acting as electic storage material (ie a capacitor). The Matrix trend was very attractive for the previous drilling because of its high chargeability. But now they are looking at the conductivity of the rocks and the 2019-geophysics survey has given these purple areas on the diagram below. But now the modern method looks at the conductvity of rocks as well. Conductivity is the ability of the rock to carry electricity, so it stands to reason that high-grades of nickel sulfides and copper sulfides will be very good carriers (conductors) of electricity. So wherever there is high-grade of nickel-copper sulfide, those areas should be highly conductve. The diagram shows that Corazon came very close to hitting these targets (ie the pruple areas), but missed them by as little as 100 metres (unfortunately). Corazon just needs to get the driller to move a bit to the east. These targets could be what shareholders have been hoping for and waiting on for years. Good luck to all.
- Forums
- ASX - By Stock
- CZN
- Ann: Lynn Lake Drilling Update
Ann: Lynn Lake Drilling Update, page-10
-
- There are more pages in this discussion • 88 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CZN (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.001(11.1%) |
Mkt cap ! $3.34M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $32.57K | 6.653M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 752411 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 4148550 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 752411 | 0.005 |
19 | 9936189 | 0.004 |
15 | 9555368 | 0.003 |
5 | 4201000 | 0.002 |
8 | 10350004 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 4148550 | 7 |
0.007 | 2710839 | 8 |
0.008 | 1121129 | 5 |
0.009 | 919444 | 4 |
0.010 | 149999 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
CZN (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online