logo-loader
Chase Mining Corporation Ltd

Chase Mining Corporation awaits first assay results as samples sent to lab

The Lorraine Project is in Quebec, Canada within the Belleterre-Angliers greenstone belt containing nickel-copper-PGE and gold projects.

Chase Mining Corporation Ltd - Chase Mining Corporation's Lorraine Project samples obtained by Canadian laboratory
Assays are expected in 2-3 weeks

Chase Mining Corporation Ltd’s (ASX:CML) first batch of samples from the Lorraine Project diamond drilling program has been received by the lab in Sudbury, Canada.

The turnaround is three to four weeks meaning first assay results are expected in the second week of September.

This follows the completion of the first four holes at Lorraine earlier this month.

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

Next steps

The first hole CM-19-06 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 of 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.

Quick facts: Chase Mining Corporation Ltd

Price: $0.03

Market: ASX
Market Cap: $5.59 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