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Chase Mining in trading halt pending details of strategic investment

Published: 13:22 30 Oct 2020 AEDT

Chase Mining Corporation Ltd -
The mineral exploration and development company has projects in Canada and Australia.

Chase Mining Corporation Ltd (ASX:CML) has been granted a trading halt by the ASX pending a strategic investment announcement.

The trading halt will remain in place until the beginning of regular trade on Tuesday, November 3, or when an announcement is released to the market, whichever occurs earliest.

Diamond drilling program completed

The company recently completed a 6-hole diamond drilling program for 2,928 metres targeting high-grade gold (plus copper and silver) at the Lorraine Nickel Mine in Quebec, Canada.

The recognition of visible gold during logging in holes CM-20-01 and 02 and the unexpected widespread silica-carbonate alteration and different ages of structurally related veining and minor sulphides necessitated the re-logging and sampling of holes already logged and sampled.

Progress at the lab has been affected by COVID-19 restrictions, but hole CM-20-06’s batch of 428 samples (including duplicates, standards and blanks) has been fully processed waiting for analysis.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

6 hours, 21 minutes ago