CZN 0.00% 0.5¢ corazon mining limited

Ann: Trading Halt, page-134

  1. 2,801 Posts.
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    Amigos, below are two images from previous announcments (mid-2019), which give a good indication of the potential posed by the Fraser Lake Complex. The announcement shows that the nickel-copper-cobalt deposits is not narrow vein sulfides. Instead they call these deposits: nickel sulfide plugs - on average they are 80m-120m strike and 30m-50m wide, with some going from surface to over 500 metres (as illustrated in Diagram 1). Corazon discovered the Fraser Lake Complex and it is bigger in area than the Lynn Lake Mining Camp. Diagram 2 shows the old IP geophysics for the Fraser Lake Complex - previous drilling found there are near-surface metal sulfides, but they just didn't hit the big grades (eg 56m of 0.43% Ni from 250 m, and 27m of 0.37% from 30m). IMO the new geophysics gives them a much better chance of hitting one or more of these large nickel sulfide plugs at Fraser Lake as well as in the Lake Lynn mining camp. Drilling will be underway any day now.

    Diagram 1 (below):Intrusions produced the nickel-copper sulfide plugs at Fraser Lake and Lake Lynn.
    https://hotcopper.com.au/data/attachments/1994/1994565-1d77192fd230784ceebf97d36e92e3b7.jpg


    Diagram 2 (below): IP chargeability of the Fraser Lake Complex with CZN's previous drill holes.

    https://hotcopper.com.au/data/attachments/1994/1994577-7c1a721db1d8fc26da1e1ee28b3ad2f7.jpg
    https://hotcopper.com.au/data/attachments/1994/1994579-23693ec875aba29afdcdbb3aa6e22b4f.jpg



 
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