Proactive - Interviews for investors

Just the Facts: Corazon Mining discovers multiple conductors at MacBride

Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Corazon Mining Ltd (ASX:CZN, OTC:CRZNF). It has identified multiple geophysical conductors at its MacBride Project in Manitoba, Canada, and initial exploration indicates potential for a significant standalone project within the Lynn Lake district. The MacBride Project is near Corazon’s Lynn Lake Project, which holds a JORC nickel-copper-cobalt resource. Mining in the area dates back to the 1940s, with a history of magmatic nickel sulphide, VMS deposits, and orogenic gold. Corazon used data from a 2008 aerial VTEM survey, identifying nine high-priority electromagnetic targets along a seven-kilometre horizon. One of these targets aligns with the MacBride zinc-copper-gold-silver deposit, while the others, which are yet to be drilled, are near-surface and comparable in size. These targets are a priority for further exploration, with ground EM surveys planned to refine and confirm drill sites. Corazon also intends to finalise the acquisition of the MacBride Project and two other areas by paying C$153,600 before December 2024. #ProactiveInvestors #CorazonMining #ASX #JusttheFacts #MacBrideProject #GeophysicalSurvey #Exploration #LynnLake #MiningCanada #VTEMSurvey #EMConductors #ZincCopperGold #PreciousMetals #MiningNews #ResourceExploration #CanadaMining #DrillTargets #NickelCobalt #VMSDeposits #GroundEM #MiningUpdates #BaseMetals #ExplorationNews #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews

Broadcast on:: 07 Oct 2024
Audio Format:: other

Hello and welcome to this episode of Proactors Just the Backs. I'm your host, Tyler Tully. Corazon mining's identified multiple geophysical conductors at its McBride project in Manitoba in Canada. An issue works been promising, suggesting the project has potential to be a substantial standalone exploration play within the Lynn Lake District. McBride is also not far from the companies at Lynn Lake Project, which hosts a large jork nickel copper cobalt resource. The area has a long history of mining for magmatic nickel sulphide, veamest deposits and orogenic gold, dating back to the late 1940s. Using data from a 2008 aerial VTEM survey, Corazon has located nine high priority electromagnetic targets along a seven kilometre horizon. The company says one of these is coincident with the outcropping drill to find McBride zinc copper gold silver deposit. The other targets, which are yet to be drilled, a near surface and generally is large, if not bigger, then the McBride deposit conductor, providing multiple high quality exploration targets, which are an immediate priority for Corazon. The company plans to conduct ground EM surveys to better define these conductive bodies and confirm drilled targets. It's also aiming to finalise the acquisition of the McBride project and two other areas before December this year, paying 153,600 Canadian dollars. Thanks for watching, these are just the facts. [BLANK_AUDIO]