Corazon Mining Limited announced that results of a recently completed soil sampling program at the Miriam Nickel Project (Miriam or Project) in the Eastern Goldfields region of Western Australia have expanded the lithium target zone to approximately 1.6 kilometres in length. Corazon reported the discovery of spodumene (lithium mineral) bearing pegmatite along with widespread indicators of pegmatite in a field mapping program at the Miriam. This discovery was verified using Raman Spectroscopy, with laboratory analysis returning results up to 1.85% Li2O from partially weathered pegmatite.

As a next step in the systematic exploration of the Project's lithium potential, a soil sampling program has been completed, which was designed to define the extents of the spodumene-rich pegmatite for first pass drill testing. The program identified a large lithium geochemical anomaly of approximately 1.6 kilometres in strike and up to 300 metres in width; with a second trend of approximately 600 metres also defined. The soil assays returned a peak result of 99 ppm lithium (Li), with the results close to the spodumene rich outcrop returning grades between 22.1 ppm and 76.4 ppm lithium.

Corazon plans to conduct a shallow drilling program to test the lithium anomalism, in parallel with its aggressive, ongoing nickel sulphide exploration program at the Miriam nickel sulphide trend to the west. Exploration around a spodumene (lithium) bearing pegmatite discovery at the Miriam Project in the Eastern Goldfields of Western Australia indicates a large target for drilling. Weathered (depleted) rock samples returning up to 1.85% Li2O and detailed geochemical soil sampling, has defined a main target of approximately 1.6 kilometres in strike, and a second trend of about 600 metres, linking into the main trend.

Work program approvals for drilling of these lithium trends, along with drilling to test the Miriam nickel sulphide trend targets, are being submitted. An update on activities at the Company's asset, the Lynn Lake Nickel Sulphide Project, is expected to be provided soon.