Corazon Mining Limited (Corazon or Company) announced plans for its next phase of drilling at the Lynn Lake Nickel-Copper-Cobalt Sulphide Project (Lynn Lake or Project) in Manitoba Province, Canada. The company advises that priority drill targets are defined and preparatory works for drilling have been completed. Drilling is expected to commence in early February. Corazon's recently completed aerial MobileMT geophysical survey at Lynn Lake (ASX announcements 3 September, 12 October and 9 November 2020) identified multiple new electromagnetic conductor anomalies. Some of these anomalies indicative of nickel- copper-cobalt sulphide mineralisation. The anomalies of interest are located in a new untested area immediately adjacent to drill defined nickel-copper-cobalt sulphide mineralisation within the Fraser Lake Complex (FLC), which is located five kilometres south of the Lynn Lake Mining Centre. The company plans to drill-test these conductor anomalies, in its seach for high-grade massive sulphide mineralisation. Initially, the drilling will test priority geophysical conductors located on strike from the Matrix Trend within the FLC. The Matrix Trend is an induced polarisation (IP) high- chargeability geophysical trend that is extensively contaminated with magmatic sulphide mineralisation. Previous drilling by Corazon within the Matrix Trend has returned widespread low-level disseminated nickel-copper-cobalt mineralisation, and narrow zones (less than one metre) of semi-massive to massive nickel-copper-cobalt sulphide. It is interpreted that pules of magma have intruded into the FLC, along the Matrix Trend, from the conductive centre to the southwest (Figure 2). An additional priority target area for drilling is the South Pipe conductor. The South Pipe conductor is the most substantial, and highest priority, conductive anomaly defined by the MobileMT survey. This new anomaly is part of two large magnetic pipe-like bodies, possibly indicative of a deep-seated intrusive pathway that appears linked to known nickel-copper-cobalt sulphide mineralisation within the FLC. The high priority South Pipe target is located on newly acquired tenure. The approval of exploration permits for this area are currently pending, and the Company plans to drill this target as a priority once applications have been granted.