viewChase Mining Corporation Ltd

Chase Mining granted six additional claims at Lorraine Project in Canada

Ongoing historical data compilation and electromagnetic anomaly ground truthing has resulted in an application for a further eight claims.

project area
There is potential for a significant nickel discovery within the company’s project areas

Chase Mining Corporation Ltd (ASX:CML) has been granted approval for six additional claims in the southwest sector of its Lorraine Project area in Quebec, Canada.

The company received notice that the claims were granted to its wholly owned Canadian subsidiary Zeus Olympus Sub Corp on June 11, 2019.

Locality of the 6 newly granted Lorraine Project claims and 8 new applications

Chase applied for the six claims following receipt and processing of the final VTEM data for the Lorraine claims which identified a Priority 1 anomaly (Target 4) on the western boundary of the project area.

In addition, there is a Priority 2 anomaly (Target 8) which is located close to the previous southern boundary and is now covered by these new claims.

Lorraine Project - new claims and priority targets

Testing of the Priority 1 Target 4 modelled plate can now be done by siting a hole in the new claim area resulting in a centre of anomaly intersection.

Chase executive chairman Dr Leon Pretorius and director Martin Kavanagh are currently in Canada working with the company’s exploration consultants Orix Geoscience, planning and scheduling the Lorraine drilling program and reviewing the progress of the compilation of historical data.

Orix consultant Mike Kilbourne on an ATV track to Target 1

A site visit to the five Priority 1 drill targets has been undertaken. They have also met with the local First Nation representatives to discuss the pending drill program.

Quick facts: Chase Mining Corporation Ltd

Price: 0.018 AUD

Market: ASX
Market Cap: $3.73 m

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