Total
0
Shares
Chase Mining (ASX:CML) intersects visible gold at Lorraine
  • Chase Mining (CML) has intersected visible fine-grained gold at its Lorraine Gold Project in Quebec, Canada
  • Hole CM-20-02 was originally planned to a depth of 400 metres but was extended to test for additional mineralisation
  • The hole intersected visible gold mineralisation at 462 metres and was extended to its final depth of 513 metres due to the presence of irregular alteration zones
  • This hole also returned elevated gold and silver results of 53.47 grammes per tonne and 12 grammes per tonne respectively
  • Chase will now drill two additional holes and will extend the original depth for both
  • Company shares are up a healthy 21.7 per cent and are trading for 2.8 cents each just before market close

Chase Mining (CML) has intersected visible fine-grained gold at its Lorraine Gold Project in Quebec, Canada.

Hole CM-20-02, which intersected the gold, was originally planned for a depth of 400 metres but was extended to test for additional mineralisation.

The hole intersected visible gold mineralisation at 462 metres and was extended to its final depth of 513 metres due to the presence of irregular alteration zones and silification.

This hole also returned a significant result of one metre at 53.47g/t gold and 12g/t silver.

These results and visible mineralisation have added significant potential for gold mineralisation at Lorraine.

Chase is now in the progress of drilling hole CM-20-03 and once completed the rig will move to hole CM-20-04.

Given that hole CM-20-02 intersected visible mineralisation below its original planned depth, both of these holes will be extended.

Chase is up a healthy 21.7 per cent on the market and shares are trading for 2.8 cents each at 4:08 pm AEST.


Subscribe


CML by the numbers
More From The Market Herald
De Grey Mining (ASX:DEG) - Technical Director, Andy Beckwith - The Market Herald

" De Grey Mining (ASX:DEG) extends Aquila zone by 400 metres

De Grey Mining (DEG) has confirmed a 400-metre strike extension to the southwest of the Aquila zone.
Macarthur Minerals (ASX:MIO) - New General Manager, International Sales and Marketing, Jonghyun (Richard) Moon (centre) - The Market Herald

" Macarthur Minerals (ASX:MIO) appoints new Int. Sales & Marketing General Manager

Exploration company Macarthur Minerals (MIO) has appointed Jonghyun (Richard) Moon as its new General Manager, International Sales & Marketing.
Kin Mining raise $2.1M to fund gold project

" Sky Metals (ASX:SKY) earns 80pc in NSW gold projects

Sky Metals (SKY) has now earned an 80 per cent interest on the Cullarin and Kangiara Gold Projects in New South Wales.
Apollo Consolidated (ASX:AOP) identifies new gold mineralisation at Lake Rebecca

" Apollo Consolidated (ASX:AOP) highlights significant gold at Lake Rebecca

Apollo Consolidated’s (AOP) latest drilling results highlight further gold potential from drilling at its Lake Rebecca Gold Project in the Goldfields region of