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Chase Mining Corporation Ltd

Chase Mining completes VTEM survey over two Zeus project areas in Canada

The survey was designed to test extensions of the Lorraine mine and ADZ project areas containing near-surface nickel-copper-cobalt-precious metal sulphides.

Survey grounded in snow
Geotech crew lands the 35-metre diameter transmitter loop at Saint Bruno Airport in Quebec

Chase Mining Corporation Ltd (ASX:CML) has completed a 718 line-kilometre airborne electromagnetic survey over its Lorraine and Alotta-Delphi-Zullo (ADZ) project areas in southwest Quebec, Canada.

The survey was flown using Geotech’s helicopter-borne Versatile Time-Domain Electromagnetic (VTEM Max) geophysical system.

Principal targets within the company’s claims are nickel-copper-cobalt-precious metal massive sulphide conductors associated with the basal zone of differentiated gabbro sills in the Belleterre-Angliers Greenstone Belt.

READ: Chase Mining begins VTEM survey over two areas of Zeus project in Canada

Extreme weather, including high winds, whiteout storms and frozen rain, plus equipment malfunctions caused delays in completing the survey, however, Geotech and the company’s consultant geophysicist have signed off on the quality assurance and quality control (QA/QC) of the data.

Preliminary data will be received following the receipt of a further 45% of the scheduled fee with the remaining 5% to be paid upon delivery of the final data.

READ: Chase Mining Corporation chairman continues to build holding in company

Chase Mining expects the processing of the data to produce a preliminary anomaly map to be completed within a week.

Detail interpretation and drill target generation will follow assuming there are worthy preliminary anomalies.

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Price: $0.03

Market: ASX
Market Cap: $6.83 m
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Chase Mining updates the market on Canadian operations

Chase Mining Corporation Ltd (ASX:CML) director Martin Kavanagh updates Proactive Investors on recent key company announcements, particularly regarding its Canadian nickel-copper project. Among work undertaken this year is a VTEM survey over the Lorraine and ADZ project areas with the...

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