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Chase Mining doubles ADZ Project area by acquiring additional nickel-copper sulphide claims

The strategic acquisition of the Bambino claims more than doubles Chase Mining’s footprint at its ADZ project area which hosts the high-grade Alotta massive sulphide lens.

Chase Mining shares are trading 8% higher intra-day

Chase Mining Corporation Ltd (ASX:CML) has entered into an agreement to acquire the Bambino Project claims which are contiguous with its Canadian Alotta-Delphi-Zullo (ADZ) project area.

The Bambino Project comprises 34 granted claims which were in part covered by Chase Mining’s May 2019 VTEM survey.

READ: Chase Mining confirms positive electromagnetic response at third-party areas near its projects

The claims transfer application has been submitted to the Quebec Government together with a 2-year renewal application which is currently being processed.

The recently flown ADZ project area VTEM survey covered 9 of the 34 Bambino claims.  Five Priority 3 anomalies B1 to B5 were highlighted for follow-up ground truthing.

This will be undertaken in conjunction with the ADZ ground truthing program.

Alotta – Bambino claims VTEM anomalies, historic drill collars and Bambino Priority 3 ranked anomalies B1 – B5

In the south of the claim area the VTEM survey returned a Priority 2 anomaly coincident with the Zullo Prospect within the company’s claims.

The modelled plate is a potential drill target pending review of the historical drilling.

The Bambino claims area was covered by a 2001 airborne electromagnetic survey which identified several anomalies outside the current VTEM survey area which will also need to be followed up.

ADZ Project map with Bambino claims

Quick facts: Chase Mining Corporation Ltd

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Market: ASX
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