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Chase Mining Corporation Ltd

Chase Mining begins diamond drilling targeting priority targets at Lorraine

The Australian based company has projects in Quebec, Canada where it is focused on the Lorraine Project which has nickel-copper-PGE and gold potential.

Chase Mining Corporation Ltd - Chase Mining Corporation Ltd begins diamond drilling targeting priority targets at Lorraine
The company previously listed as TopTung Ltd (ASX:TTW)

Chase Mining Corporation Ltd (ASX:CML) has begun diamond drilling targeting the priority 1 VTEM (electromagnetic) anomaly east of the open pit at the Lorraine mine site in Quebec, Canada.

Although the main Lorraine mined lens outcropped as a machite sulphide zone, the eastern strike extension of the pit has not been drilled.

The depth to the top of the modelled plate is about 60 metres and the VTEM anomaly may represent a separate nickel-copper-PGE-cobalt massive sulphide lens east of the shaft.

Chase Mining executive chairman and CEO Leon Pretorius will be onsite for portions of the drilling program.

READ: Chase Mining to drill deeper to test extension of high-grade Alotta deposit

The company has also received a final report for the review of its Alotta Priority 1 VTEM (versatile time domain electromagnetic) anomaly.

The company had commissioned Perth based Southern Geoscience Consulting (SGC) to undertake a peer review of the previously reported plate models associated with its five Priority 1 VTEM anomaly sites within the Lorraine project area.

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

The SGC review differed from the earlier interpretations by modelling a weak conductor within the mineralised lens in response to early-time VTEM data.

SGC concluded that a deeper, flatter conductor positioned below and outside the mineralised lens provides a better match for the observed late-time VTEM anomaly.

Quick facts: Chase Mining Corporation Ltd

Price: $0.03

Market: ASX
Market Cap: $5.79 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