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Chase Mining Corporation Ltd

Chase Mining begins nickel-copper sulphide and gold drilling in Quebec

The first hole planned at Lorraine Project will target both the nickel-copper-PGE-cobalt and gold potential of the historical Lorraine Nickel-Copper Mine.

Chase Mining Corporation Ltd - Chase Mining begins nickel-copper sulphide and gold drilling in Quebec
Drilling rig and equipment being offloaded at Lorraine Mine site

Chase Mining Corporation Ltd (ASX:CML) has mobilised a drill rig to commence a diamond drilling program at Lorraine Project in Quebec, Canada.

The 7-hole program (2500 metres) will drill 5 Priority 1 massive sulphide targets and explore the gold potential reported at the Lorraine Mine.

Lorraine Mine site – planned drilling and gold potential

The Lorraine property is within the Belleterre Greenstone Belt that hosts the Belleterre gold mine 20 kilometres to the east.

The Belleterre mine produced 2.17 million tonnes of ore for 735,000 ounces of gold at an average recovered grade of 10.73 g/t gold (1936 to 1959).

Regional geology - Belleterre-Angliers Greenstone Belt

The first hole planned at Lorraine Project will target both the nickel-copper-PGE-cobalt and gold potential of the historical Lorraine Nickel-Copper Mine.

Notably, the high-grade gold potential at Lorraine Mine is becoming increasingly more prospective as historical data unfolds and the first 350-metre deep hole will add to the present database.

READ: Chase Mining gains First Nations access approval for drilling at Lorraine

The first hole will test a 2004 downhole electromagnetic (DHEM) anomaly, interpreted to be a strike extension to the mined nickel-copper-PGE-cobalt massive sulphide lens.

The hole will then be extended into the ‘mine footwall’ to test for high-grade gold associated with quartz-chalcopyrite veins mapped and sampled on the 6-Level (300-metres depth) of the mine, which averaged 42 g/t gold and 3.19% copper over 28 metres.

Drilling will then target the Priority 1 VTEM anomalies commencing with hole CM-19-06 at the Lorraine mine site.

READ: Chase Mining independent review confirms Lorraine VTEM plate models for drilling

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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