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Chase Mining Corporation Ltd.

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Summary

Project:

Alotta

Deposit:Alotta
Location:Canada
Commodities:Copper-Nickel-Platinum-Palladium-Cobalt-Gold-Silver
Date:12/3/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Scoping Study
Report details:3-12-2019: Chase Mining Corporation Ltd. announces an Exploration/Drilling Update report for its Alotta deposit at the Alotta project. Drilling results incl. 17.00m @ 2.90% Cu, 1.52% Ni, 0.55g/t Pt, 2.55g/t Pd, 729ppm Co, 0.23g/t Au, 6.26g/t Ag from 54.00
Resources:x
CP/QP:[Overall Report]: Leon Pretorius, Martin Kavanagh (Internal)
ABSTRACT:Advanced Nickel-Copper-PGE focused explorer Chase Mining Corporation Limited (“CML” or “The Company”) is pleased to announce that it has received all assay results from its seven-hole October drilling programme completed at its Alotta Prospect in Quebec, Canada A spectacular ‘bonanza grade’ intersection of chalcopyrite - pyrrhotite massive sulphide assaying 22% Cu + 34g/t Pd + 3.5g/t Pt and 0.78% Ni, 1.4% Zn, 65g/t Ag was returned from Hole ZA-19-05. This 0.5m intercept from 55.3m forms part of a wider 4.1m zone of mineralisation assaying 5.3% Cu, 4.9g/t Pd, 0.9g/t Pt, 0.26% Ni and 12g/t Ag. Importantly this is a new style of mineralisation and mineral assemblage previously unknown at Alotta within a feldspar porphyry intrusive. It is quite different from the usual Ni-Cu-PGE-Ag association of the Ni-Cu massive sulphides and its recognition may indicate the discovery of additional high-grade potential at Alotta (see photo below). This zone of mineralisation is open at depth and along strike to the ESE of the drill section (Figure 1) outside the wireframe model. There is only wide-spaced historic drilling (2001) to the ESE which may assist in the planning of the follow-up 2020 drill programme. Additional photos (Figures 4, 5 and 6), descriptions and assays are included in the text.

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