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Chase Mining Corporation Ltd.

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Summary

Project:

Lorraine

Deposit:Lorraine
Location:Canada
Commodities:Gold-Silver-Zinc-Lead
Date:12/11/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:11-12-2019: Chase Mining Corporation Ltd. announces an Exploration/Drilling Update report for its Lorraine deposit at the Lorraine project. Drilling results incl. 1.34m @ 3.51g/t Au, 10g/t Ag, 0.31% Zn, 0.5% Pb. Chase Mining Corporation Limited (“CML” or
Resources:x
CP/QP:[Overall Report]: Leon Pretorius, Martin Kavanagh (Internal)
ABSTRACT:Chase Mining Corporation Limited (“CML” or “The Company”) is pleased to provide the following update on its 2020 exploration programme covering the Lorraine Project outside of its focussed Lorraine Mine Site Gold area (ASX Announcement 9 December 2019). In the southern sector of the Lorraine Project area (located 4km SSW of the Lorraine Mine), diamond drill hole CM-19-08 drilled to test a downhole EM anomaly associated with the Target 4 Priority 1 VTEM anomaly (ASX Announcements 10 September and 24 September 2019) returned a narrow gold + silver intercept with anomalous zinc and lead values - 1.34m at 3.51g/t Au, 10g/t Ag, 0.31% Zn and 0.5% Pb from 99.39m (Figures 2 and 3) in the hanging wall to an extensive sulphidic banded iron formation (BIF) unit. The Company applied for 37 Claims (Figures 1 and 4) contiguous to the west of the Target 4 VTEM anomaly and the Lac des Bois Sud zinc prospect of which 35 Claims have been granted to date.

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