Corazon Mining Restricted (ASX: CZN) (Corazon or Firm) is happy to announce the strategic growth of its MacBride Base and Treasured Metals Venture (MacBride or Venture) within the Lynn Lake district, of Manitoba, Canada.
KEY HIGHLIGHTS
- Corazon has secured extra floor on the MacBride Base and Treasured Metals Venture in Canada’s Lynn Lake district
- MacBride Venture now covers a 14-kilometre strike of stratigraphy potential for Cu-Zn-Au-Ag huge sulphide deposits, together with the drill-defined outcropping MacBride and Wellmet deposits
- Excessive-grade gold assays from historic sampling (up to 25.9g/t Au in seize samples) inside the new floor additional highlights the area’s prospectivity for orogenic gold deposits
- An aerial VTEM geophysical survey is at the moment underway
- Earlier VTEM survey successfully outlined a conductor coincident with the MacBride Deposit, in addition to a number of untested, high-priority conductors undercover on development
- The brand new VTEM survey supplies better protection of the MacBride Venture, together with the first-time survey of the Wellmet Cu-Au and Zn-Cu-Au traits
- Outcomes from the brand new VTEM survey are anticipated to be obtainable within the coming weeks and will probably be utilized in focusing on drilling for early 2025
- The MacBride Venture is an thrilling exploration alternative and will probably be a significant focus of Corazon’s ongoing Lynn Lake area exploration actions
The Firm has bodily staked and made purposes for brand spanking new Mining Claims that will increase the MacBride undertaking space from ~26km2 to ~56km2, protecting a contiguous
~14km strike size of the possible MacBride/Wellmet development (Determine 1). The brand new Claims are pending grant by the Manitoba Provincial Authorities.
The brand new space hosts a number of prospects recognized by historic exploration, together with outcomes as excessive as 25.9 g/t Au in seize sampling at Prospect Space F (Determine 1).
Exploration at MacBride between the 1940’s and early 1990’s outlined the MacBride and Wellmet copper-zinc-gold- silver deposits and established the fertility of the area. The one latest exploration was a 2008 aerial VTEM (versatile time area electromagnetic) survey, which recognized the MacBride deposit as a conductor, together with a number of high-order conductive our bodies, undercover alongside development (ASX announcement 7 October 2024). These conductive our bodies are but to be adopted up with drilling.
The MacBride Venture is a significant focus of Corazon’s Lynn Lake area exploration actions. The effectiveness of previous geophysical VTEM surveys in defining drill-defined huge sulphide mineralisation has resulted in extending protection over a bigger a part of the undertaking space. The geophysical conductors outlined from this work would be the precedence focus for first move drilling at the moment proposed for early 2025.
The MacBride Venture growth additional enhances Corazon’s place as a major landholder and energetic explorer- developer within the Lynn Lake district, which additionally hosts the Firm’s 100% owned, flagship Lynn Lake Nickel-Copper- Cobalt Sulphide Venture.
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