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

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Post by bilarooon Oct 04, 2022 10:30pm

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Post# 35005793

IAB reserve

There are some fine details that many people may not be aware of.
The current community of Nahanni Butte is on a flood plain and had numerous buildings washed away in 2012. So any new dwellings are not insurable. The community must eventually relocate.
The feds set aside a plot of land on higher ground above the flood plain that the community could relocate to. They could then get insurance to build there. This plot of land is called an IAB reserve.

Now, the new agreement shows up. The govt and/or Parks Canada wants to build 3 new buildings including a lodge in Nahanni Butte. Where are they going to build them? Will they be insurable?
In Addition to all that, the ASR, has to pass through this IAB reserve land, which requires an agreement, with NBDB, and NZC, which I don't believe has happened yet. And it has to be ratified by Ottawa as this was not part of the devolution of the feds to the NWT.

So, it's all getting very complicated, as if it never was before.

I don't blame a white knight for not showing up. If I had a few hundred million to invest, it wouldnt be in Prairie Creek. It's my belief that this new band of managers/directors thought they were getting a good deal, but they had no idea how complicated it would become.
I agree with whoever said that some heads will roll in RCF.

I'm voting NO, but I can't see this project getting off the ground anytime soon.
if I'm wrong, and RCF has a plan waiting in the wings, I'm ready to pounce, like Yosimite Sam, with both guns a blazing.

GLTA