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Chase Mining will target copper-palladium-platinum mineralisation

Monday, June 15th, 2020

Historic wide-spaced drilling and results from drilling in 2019 will assist in the targeting of the planned drilling for 2020.

Chase Mining Corporation Ltd - Chase Mining Corporation targets copper-palladium-platinum mineralisation at Alotta Project

Core from the 4.1-metre zone of mineralisation including the 0.5 metres bonanza grade zone above the tape measure

Chase Mining Corporation Ltd’s (ASX:CML) planned diamond drill program at its Alotta Project in Canada will target extensions to the high-grade copper-palladium-platinum mineralisation intersected last year.

Drilling in October 2019 returned a 4.1-metre zone of mineralisation hosted in feldspar porphyry from 55.3 metres downhole assaying 5.3% copper, 4.9 g/t palladium, 0.9 g/t platinum, 0.26% nickel and 12 g/t silver.

This included a spectacular porphyry hosted ‘bonanza grade’ 0.5-metre zone of chalcopyrite – pyrrhotite massive sulphide from 55.3 metres assaying 22% copper, 34 g/t palladium, 3.5 g/t platinum, 0.78% nickel, 1.4% zinc and 65 g/t silver.

The Alotta nickel-copper wireframe is a conceptual outline of the extent of assay values over 1-metre intervals in all drilling and is not a resource wireframe.

Planned program

The planned Alotta Project drilling program will commence after the company completes a drill program at the Lorraine Gold Project which is scheduled to begin later this month.

Chase Mining, in conjunction with its consultants Orix Geoscience, has designed a drill program of up to seven holes commencing from around the same collar position as the ‘discovery’ hole ZA-19-05 to test continuation of that mineralisation.

The actual number of holes, their dip, azimuth and depth will depend upon the results as drilling progresses.

https://www.proactiveinvestors.com.au/companies/news/921852/chase-mining-will-target-copper-palladium-platinum-mineralisation-with-upcoming-alotta-project-drilling-921852.html
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