Chase Mining Corporation Ltd (ASX:CML) is well-placed to continue progressing its primary Canadian projects towards development when COVID-19 restrictions are eased.
While drilling activities at the Alotta-Delphi-Zullo (ADZ) and Lorraine projects in Quebec, Canada, have been deferred due to the pandemic and its travel restrictions, non-site-specific activities continue with staff working from home or remotely.
Prior to COVID-19, the company had been planning additional drilling at both the Alotta and Lorraine projects, which was due to start in the current quarter, subject to weather and access constraints.
Once the situation returns to normal, the company plans to test the new style of late-stage porphyry mineralisation as well as a bonanza-grade copper and palladium dominant mineral assemblage at the Alotta polymetallic project.
High-grade polymetallic assays[hhmc]
This new discovery relates to a 4.1-metre zone of mineralisation hosted in feldspar porphyry from 55.3 metres in hole ZA-19-05, which returned assays of up to 5.3% copper, 4.9 g/t palladium, 0.9 g/t platinum, 0.26% nickel and 12 g/t silver.
Included in this result is a bonanza grade 0.5-metre intersection of chalcopyrite assaying 22% copper, 34 g/t palladium, 3.5 g/t platinum, 0.78% nickel, 1.4% zinc and 65 g/t silver.
Lorraine gold potential[hhmc]
At the Lorraine Mine drilling will revolve around the reported unmined high-grade gold potential at and below 250 metres in mine workings.
On March 2, Orix Geoscience Canada was commissioned to complete the scope of works (SOW) for the Lorraine project, which included the compilation of all historical mine data (1964-1968) and digitisation of associated drilling.
Orixs examination to date has resulted in the location of the high-grade channel sampled intervals on the 6-Level – 601W drift, namely: 28 metres at 45.24 g/t gold, 41 g/t silver and 3.19% copper as well as 9.4 metres at 14.12 g/t gold, 22 g/t silver and 3.16% copper.
The collar location of underground hole 6-U-76, which intersected 1-metre at 53.47 g/t gold and 12 g/t silver has been confirmed.
Importantly this places the mineralised intercept approximately 12 metres below the 6-Level 28-metre channel sample.
Torrington Topfibre research Read More – Source
[contf]
[contfnew]
Proactiveinvestors
[contfnewc]
[contfnewc]
