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Chase Mining Corporation finds targets near nickel-copper mine

Survey data is still being processed but preliminary results show a number of anomalies.

Zeus Project Locality Map – Showing the Lorraine and ADZ VTEM Survey Areas
The 718 line-kilometre survey was conducted using a helicopter over the marked areas

Chase Mining Corporation Ltd (ASX:CML) has received preliminary results from an airborne electromagnetic geophysical survey over its 100% owned Zeus Project in Quebec, Canada.

The survey was flown over two areas being the Lorraine Project and Alotta-Delphi-Zullo (ADZ) Project.

Several strong anomalies were identified in the Lorraine Project area including over the historical Lorraine nickel-copper mine.

It is anticipated that the final data will be available in late-April and that modelling of anomalies will be completed 3-4 weeks later.

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

The historical Lorraine mine produced 600,000 tonnes of ore for processing from 1964 to 1968.

In addition to the response over the Lorraine Mine, Targets 1 and Target 2 represent significant anomalies of over 350 metres to 600 metres strike length and are visible into the latest time channels.

These anomalies represent high priority targets for follow up evaluation and drilling.

They will be further interpreted and modelled along with other anomalies upon receipt of the final data.

Lorraine Project –  VTEM Anomalies

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