logo-loader
Chase 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: $0.03

Market: ASX
Market Cap: $6.21 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Chase Mining Corporation Ltd named herein, including the promotion by the Company of Chase Mining Corporation Ltd in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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