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.
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.
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.