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Chase Mining Corporation Ltd

Chase Mining completes first diamond drill hole at Lorraine, intersects host nickel lithologies

The Lorraine drill program comprises 7 holes for 1,445 metres, with 2,500 metres budgeted with additional drilling as warranted based on results.

Chase Mining Corporation Ltd - Chase Mining completes first diamond drill hole at Lorraine, intersects host nickel lithologies
The hole has been cased and will be used for downhole EM

Chase Mining Corporation Ltd (ASX:CML) has completed the first hole in a diamond drill program at its Lorraine project in Canada.

The first hole CM-19-06 at Lorraine was completed at 135 metres and was designed to intersect the modelled priority-one versatile time domain electromagnetic (VTEM) plate at a depth of 90 metres.

The hole ended in a 40-plus-metre gabbro body with minor sulphides but did not intersect a massive sulphide source that would explain the strong VTEM conductor.

Pending the outcome of hole CM-19-07 which is being drilled to a depth 350 metres, CM-19-06 will be deepened to test the footwall contact zone of the gabbro to host nickel-copper mineralisation as well as gold mineralisation.

Four holes to be drilled

This first hole was the lowest ranked target of the five priority-one targets.

While not locating the source of the strong VTEM conductor, encouraging lithologies that host nickel sulphide mineralisation mainly comprising of gabbro with altered variations plus mafic volcanics were intersected.

With correct nickel lithologies present the hole has been cased for possible follow-up downhole EM.

A downhole electromagnetic (DHEM) survey operating at a lower frequency is expected to provide better resolution of the high conductance priority-one VTEM.

Testing deeer gold potential

The second hole at Lorraine is currently at 111 metres depth with a target DHEM plate at 270 metres downhole.

Final depth will be 350 metres and the hole will also test the deeper gold potential of the target.

The drilling contractor has provided crew and equipment to establish an access trail to the first and second priority-one VTEM targets and are currently cutting a connecting trail to target three.

Consultants Orix Geoscience have positioned a portable core shack for logging and core-cutting facility at the base camp.  

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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