Corazon Mining Ltd T.CZN

Primary Symbol: CRZNF

Metals & Mining Industrial Metals & Minerals

Corazon Mining Limited is an Australia-based mineral resource and exploration company. The Company is an explorer advancing the Lynn Lake Nickel-Copper-Cobalt Sulfide Project in Manitoba, Canada, as well as the Mt Gilmore cobalt-copper-gold (Mt Gilmore) and Miriam nickel Sulfide projects (Miriam) in Australia. The Lynn Lake Nickel-Copper-Cobalt Sulfide Project is a significant Class-1 nickel resource. The Mt Gilmore Project is located 35 kilometers from the city of Grafton in north-eastern New South Wales. The Company owns an 80% interest in Mt Gilmore. Mt Gilmore is focused on multiple rare, cobalt-rich sulfide deposits, similar to Cobalt Ridge. The Miriam comprises five Prospecting License applications (P15/6135 to P15/6139 inclusive) and is located approximately 10 kilometers south-southwest of Coolgardie on an ultramafic trend, which hosts Auroch Minerals’ Miriam and Nepean Nickel Deposits.

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Corazon Mining Ltd > JUST IN.

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Comment by Laphroigon Feb 04, 2020 8:14am

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Post# 30638597

RE:RE:JUST IN.

Let me attempt to interpret this last couple of sentences. "This delay at a time of extremely difficult equity markets continues to limit the opportunities for financing. As previously stated, the equity markets for junior base metal companies have been at historic lows for some time. NorZinc is in discussion with several parties to provide the next stage of financing for the Company but there is no assurance that financing will be available on favourable terms, or at all. NorZinc will be updating shareholders on this process later in February 2020 and on an ongoing basis". This last part says: We may never get the mine up and running, but if we do, you won't own much of it.

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