Corazon Mining Limited (ASX: CZN) is a Perth-based base metals explorer exploring two quality projects - the Mt Gilmore Co-Cu-Au Sulphide Project in New South Wales, host to the outstanding Cobalt Ridge deposit, and the entire Lynn Lake Ni-Cu-Co Mining Centre in Canada. CZN is one of the best cobalt sulphide exploration and development plays, currently undertaking fully funded, exploration programs at both of its assets.
CZN owns the entire Lynn Lake Ni-Cu-Co Mining Centre in Manitoba; mined continuously for 24 years before closure in 1976, it remains one of Canada’s most prolific nickel producing regions. Lynn Lake hosts large JORC compliant resources that, with an improved nickel price, will have significant re-development potential. CZN's exploration work has discovered a large magmatic sulphide system (Fraser Lake Complex) with the potential to host significant Ni-Cu sulphide deposits. CZN has also completed new quality resource estimations, and modern metallurgy has delivered a major technical breakthrough, producing seperate high-value, high-purity nickel and copper concentrates.
CZN owns 80% of the Mount Gilmore Co-Cu-Au Sulphide Project (NSW), host to the rare, cobalt dominant sulphide Cobalt Ridge deposit – one of Australia's highest-grade cobalt deposits. CZN's metallurgical testwork on the Cobalt Ridge mineralisation has delivered exceptional, high-grade metal concentrates and cobalt/copper sulphates, suitable for use in rechargeable (lithium-ion) batteries. Recently, CZN’s exploration of the prospective 22km “Mt Gilmore trend” uncovered a major copper-cobalt-silver-gold geochemical trend, potentially representing a district-scale exploration play for large intrusive-related copper-cobalt-gold deposits. These anomalies have become CZN’s exploration focus at Mt Gilmore.

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Video Interview

MD Brett Smith talks to Proactive Investor about Corazon's Lynn Lake Project