Why I like CZN

I could resist to buy some at AU$0.003 recently after seeing the company raise AU$1.1Miln at AU$0.0035
It doesn't make sense to me someone would go in a placement and sell their stock a few days later so I take this as a forced sale and a blessing.
I will keep my summary brief and factual so as to not get accused of "upramping"

ASX.CZN
Corazon Mining Limited
Market cap AU$7.5Miln
Cash AU$1.1Miln
Terry Streeter Chairman - founder of Western Areas.




Their previous drilling has found high grade nickel and copper at depth. This is the basis for their current JORC resource of 116kt nickel.



Their maiden holes to test surface mineralisation also delivered high grade nickel and copper. Very impressive grades actually that carried width




In my opinion the investor base wants to see this aggressively explored and the JORC increased in tandem. The beauty for CZN is that if you are drilling holes and they are all carrying this grade your JORC becomes very cheap and quick to prove up.

CZN have confirmed drill rig is on site and more drilling to start in the next week or 2. Also good to see resource expansion is a focus.



But the biggest takeaway for me is the exploration to commence at Fraser Lake. Maybe not many people noticed but it prompted me to push the buy button.




Fraser Lake is twice as big as the Lynn Lake A Plug. That is the very high grade discovery hole. From my reading Fraser Lake has high surface readings for nickel and copper as well as stronger anomalies in the geo model and matrix trend. This was found using their recent upgraded geological model so it is pretty exciting if you understand the method behind it.

If you look how methodical Terry was with WSA in the early days CZN is playing out almost identically here.

Good luck to all shareholders, especially those needing higher to break even