Proactive Investors - Run By Investors For Investors

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.

View full CML profile View Profile

Chase Mining Corporation Ltd Timeline

Related Articles

September 04 2018
Regency’s partner LHC (Legacy Hill Coal) is the operator of MET and has a 53% stake, with the UK business owning the rest
Lake Yindarlgooda at Riversgold’s project in the Goldfields
February 15 2019
The Eastern Goldfields is Riversgold’s focus in Western Australia while it also has ground in South Australia and Alaska.
Yaouré Gold Project in Côte d’Ivoire
April 03 2019
The company is expected to post its latest production figures later this month.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use