CZN is the 100% owner of the entire Lynn Lake Nickel-Copper-Cobalt Mining Centre located in Manitoba - one of Canada’s most prolific nickel producing regions. CZN has systematically explored the Fraser Lake Complex (FLC) - an intrusive mafic body situated approximately five kilometres south of the Lynn Lake Mining Centre - since December 2016, and believes it has the potential to host significant nickel-copper-cobalt sulphide deposits. Exploration by Corazon at Lynn Lake has resulted in the discovery of a large magmatic sulphide system that has the potential to host significant nickel-copper sulphide deposits.
CZN holds the right to earn up to 80% of the Mount Gilmore Cobalt-Copper-Gold Project (NSW), hosts to the rare cobalt dominant sulphide Cobalt Ridge deposit – one of the highest-grade cobalt deposits in Australia, and CZN's new discovery - Lantana Downs - 12km from Cobalt Ridge.
All of CZN’s exploration results underpin its belief that Mt Gilmore is prospective for hosting multiple rare cobalt-dominant sulphide deposits, with the potential to supply a quality cobalt product, suitable for use in lithium-ion batteries and the emerging rechargeable battery sector.