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Chase Mining Corporation Ltd

Chase Mining identifies six high-priority massive sulphide conductor targets, shares up

The survey identified 42 target anomalies that have been assigned one of four priority levels.

survey map
The majority of high-priority targets are within the Lorraine Project, which will be focused on

Chase Mining Ltd (ASX:CML) has gained further evidence that a significant nickel discovery could be hosted within its  Lorraine and Alotta-Delphi-Zullo (ADZ) Project areas in Quebec, Canada.

Processing of the survey has identified six strong massive sulphide conductors ranked as high-priority targets – five at Lorraine and one at ADZ.

A diamond drill program of up to 2,500 metres has been budgeted to test the Lorraine high-priority targets.

Notably, drilling will partly coincide with a site visit by company directors Leon Pretorius and Martin Kavanagh in early June.

READ: Chase Mining shares surge after securing indicative offtake offer for topaz concentrate

Chase is also focused on its Torrington Topaz Project in New South Wales for which it recently received a conditional offtake offer for topaz concentrate.

Chase Mining shares have been running lately, trading up another 19.3% today to 3.7 cents.

Quick facts: Chase Mining Corporation Ltd

Price: $0.03

Market: ASX
Market Cap: $6.21 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...

on 4/7/19

2 min read