Chase Mining Corporation (ASX: CML) has intersected massive sulphide in the first hole of a new drilling program at its copper-palladium-platinum-nickel Alotta project in south-west Quebec province, Canada.
This first hole for 2020 drilled at Alotta has confirmed the visual continuation of mineralisation reported in a 2019 hole
That hole last December included a 4.1m zone hosted in feldspar porphyry from 55.3m down hole assaying at 5.3% copper, 4.9 grams per tonnes palladium, 0.9g/t platinum, 0.26% nickel and 12g/t silver.
This included what the company describes as a “spectacular porphyry-hosted bonanza grade” over 0.5m that assayed at 22% copper, 34g/t palladium, 3.5g/t platinum, 0.78% nickel, 1.4% zinc and 65g/t silver.
The company’s first drill program in Canada in October 2018 at the Alotta prospect successfully intersected 2-3% nickel, plus-2% copper, 0.1% cobalt and 2-3g/t platinum group elements (PGE).
Further drill program in 2019 continued to highlight the potential of the Alotta prospect.
Second hole already underway
This 2020 first hole was completed at 99m below surface and intersected two zones of massive sulphide mineralisation from 63.7m to 67m and 77m to 79.2m.
In addition, this first hole for the 2020 program hit a variably altered and mineralised porphyry body over 13.54m.
Drilling of second 2020 hole has begun and had reached 33m on Thursday.
Chase Mining has projects in Canada and Australia.
In Canada, the company has been focused on nickel-copper-PGE at Alotta and the gold potential of the historic Lorraine nickel-copper mine.
In Australia, Chase Mining has its advanced topaz-tungsten project in northern NSW which was the original focus of the company before it changed its name last year from TopTung.
In November 2018 TopTung acquired Canadian Nickel Corporation which owned three advanced nickel-copper sulphide projects: Midrim, Lac Kelly and LaForce, which are in the same district as the company’s existing Alotta project.
That more than doubled the then TopTung’s holdings in the Belleterre Angliers greenstone belt.