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Chase Mining begins VTEM survey over two areas of Zeus project in Canada

Proactive Investors Monday, 4 March 2019
Chase Mining Corporation Ltd (ASX:CML) has begun a detailed airborne electromagnetic survey over two project areas within its Zeus project in southwest Quebec, Canada. The 718 line-kilometre survey is being flown by Ontario-based Geotech Ltd utilising their helicopter-borne VTEM Max system and will cover the entire area of the company’s Lorraine and Alotta-Delphi-Zullo (ADZ) blocks targeting nickel-copper sulphide mineralisation. It is expected the survey will be completed in mid-March with preliminary data being available a fortnight later. READ: Chase Mining Corporation chairman continues to build holding in company Principal targets within the company’s claims are nickel-copper-cobalt-precious metal sulphides associated with the basal zone of differentiated gabbro sills in the Belleterre-Angliers Greenstone Belt. The survey is designed to test depth and strike extensions of the historical Lorraine mine, confirm modelled off-hole EM anomalies in the hanging wall of the deposit as well as the extensive target gabbro bodies within the Lorraine claims. Gold and base-metal targets and anomalies will be evaluated by the VTEM survey, which has a proven record of locating discrete conductors to depths of 300-400 metres. READ: Chase Mining signs contract for VTEM survey over Canadian project areas At the ADZ project area, diamond drilling outlined a substantial near-surface nickel-copper-cobalt-precious metal massive sulphides lens at the Alotta prospect. The VTEM survey will target the strike and depth extensions to the host gabbro body which is complexly folded. The contract with Geotech includes the production of maps and figures such as a 3D bedrock resistivity image, magnetic data and a digital terrain model.   Chase Mining continues to review other opportunities to augment its recent acquisition of the Zeus tenements in Quebec, which will be its main exploration focus beginning with this survey. The company’s executive chairman Leon Pretorius and director Martin Kavanagh are in Canada to meet with exploration consultants Orix Geoscience to plan a schedule for the 2019 field program including drilling based on the VTEM survey results. 
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