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Chase Mining Corporation progresses Lorraine diamond hole ahead of completion this week

Once the drilling program at Lorraine project is completed, the company will move onto Alotta drilling.

Chase Mining Corporation Ltd - Chase Mining Corporation continues to progress Lorraine project drilling ahead of completion this week
A 300-metre diamond hole is being drilled at Lorraine project in Quebec, Canada

Chase Mining Corporation Ltd’s (ASX:CML) diamond drilling program at the Lorraine project in Quebec, Canada, to evaluate two DHEM conductors at Target-4 continues to progress.

Due to wet conditions, the program was delayed and the company began hole preparation on Friday, October 18.

The 300-metre hole is now underway and as of today was at 75 metres with completion expected on Wednesday, October 23.

Hopes to grow shareholder value

Upon completion, the equipment will be moved to the Alotta project with work aimed at extending the high-grade nickel-copper-platinum group elements (PGE) deposit based on the latest interpreted geological and structural model.

The company hopes to grow shareholder value with early-stage exploration success at its Canadian projects it picked up a year ago with the acquisition of Zeus Minerals Pty Ltd and Zeus Olympus Sub Corp.

At Lorraine Chase hopes to intersect both DHEM conductors as well as better understand the extent and style of the zinc-copper anomalous brecciated sulphide mineralisation the team had intersected in the primary hole.

Quick facts: Chase Mining Corporation Ltd

Price: 0.023 AUD

ASX:CML
Market: ASX
Market Cap: $4.76 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

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