Chase Mining Corporation Ltd (ASX:CML) has started the next step in its aggressive Canadian exploration program with diamond drilling underway at the Lorraine Gold Project.
Drilling of hole CM-20-01 is underway targeting gold plus copper and silver mineralisation between 310 and 340 metres downhole.
This mineralisation was reported from historic sampling and limited drilling associated with the 6-Level development of the Lorraine Nickel Mine in southwest Quebec.
Alotta program completed[hhmc]
The Lorraine drilling follows the completion earlier this week of a 5-hole diamond drill program at the nearby Alotta Copper-Palladium-Platinum-Nickel Project during which massive sulphides were intersected.
Stope development at the Lorraine gold mine was put on hold during 1966 due to a drop in metal prices and the Levels 3 and 4 ore becoming poor in nickel and richer in copper.
Development work did, however, continue on Levels 5 and 6 to provide drill access to the ESE plunging nickel-copper ore zone.
Gold reported[hhmc]
Gold mineralisation was reported in the 5 and 6-Level drift development during this time.
Only gold assay data from the 6 Level is currently available to the company.
Orix Geoscience Canada in conjunction with CML completed a compilation of all the historic Lorraine Mine gold data (1964–1968) and digitisation of associated drilling.
This resulted in the accurate location of the high-grade gold mineralisation in channel sampled intervals on the 6-Level 601W drift, at about 300 metres vertical depth.
High-grade channel samples[hhmc]
The initial Lorraine program of four holes will target the high-grade channel sampled intervals on the 6-Level – 601W drift.
Previous results were 28 metres at 45.24 g/t gold, 41 g/t silver and 3.19% copper; and 9.4 metres at 14.12 g/t gold, 22 g/t silver and 3.16% copper.
[contf]
[contfnew]
Proactiveinvestors
[contfnewc]
[contfnewc]
