CZN corazon mining limited

Chart CZN, page-4

  1. 2,902 Posts.
    lightbulb Created with Sketch. 1776
    Amigos, I am posting a simple chart of Centaurus Metals (CTM) which is another junior explorer for nickel that consolidated in April 2020 (15 old shares to 1 new share). I'm not trying to cross-promote, but just trying to show what can happen to a junior which finds massive nickel sulfides. In 2020 it's drilling hit long intercepts of high-grade ore and just this week it doubled its JORC to 560,000 tons of nickel. The effective shareprice of CTM (after taking into account the consolidation) has gone from about 10 c to 85 c in less than 12 months. If we compare CTM's chart with that of Corazon's (posted above), we can see Corazon's shareprice was flat for 2020. Importantly Corazon has acquired the whole of the mining camp at Lynn Lake and, at the end of last year, Corazon's new geophysical survey found the "south pipe" - the geophysicists reckon it is the feeded pipe of massive nickel-copper-cobalt sulfides for the whole of the Fraser Lake area. The south pipe is highly conductve and about 200 m in diameter. It runs from near surface almost vertically to over 850 m. If it is a column of massive metal sulfides, then is it possible that CZN could replicate CTM? The drilling of targets at Fraser Lake will start soon but Corazon can't drill the south pipe until the permit is approved (it is delayed because in late 2020 CZN took out a new tenement to cover the south pipe). However there are plenty of news targets that have been provided by the new geophysics. Good luck to the drilling rig.

    https://hotcopper.com.au/data/attachments/2878/2878396-bae301a5351b0e989c4a4a6949d17c7a.jpg

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.2¢
Change
0.000(0.00%)
Mkt cap ! $2.369M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
9 15907415 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 32424993 25
View Market Depth
Last trade - 16.21pm 23/07/2025 (20 minute delay) ?
CZN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.