trending Market Intelligence /marketintelligence/en/news-insights/trending/6tYxCehoWNiVXP4QroXytw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Chase Mining seeks partner for gold at historical Quebec mine

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


Chase Mining seeks partner for gold at historical Quebec mine

Chase Mining Corp. Ltd. is looking to introduce a joint venture partner for the gold program at the historical Lorraine nickel-copper-gold mine in Quebec, where it has reported significant grades.

Chase Executive Chairman Leon Pretorius said in an interview that the project could be a "natural fit" for a number of companies operating in the district including owners of mines in the historic Kirkland Lake mining area just across the border in Ontario.

The Kirkland Lake town was not only built on gold but also produced midtier miner Kirkland Lake Gold Ltd.

Chase acquired three nickel-copper sulfide projects in Quebec in November 2018 before changing its name from TopTung Ltd. in January 2019 and then more than doubled the footprint of the Alotta-Delphi-Zullo nickel-copper-platinum group elements project area by acquiring additional nickel-copper claims at Bambino and southwest of Lorraine.

The junior picked up Lorraine after Canadian company Hinterland Metals Inc. allowed the leases to lapse in October 2013.

SNL Image
Martin Kavanagh addresses the Australian Nickel Conference
on Oct. 15, 2019.
Source: Paydirt Media

Chase nonexecutive director Martin Kavanagh told the Oct. 15 Australian Nickel Conference in Perth that though gold values up to 13.8 g/t gold had been found from sulfide-bearing samples in waste dumps in 2000, the prior owners had not followed-up the underground gold potential.

Sampling on what Chase calls the "6th level" drift at the base of the mine, which runs down to about 300 meters, returned results of 10 meters at 13 g/t gold, while a drill intercept from that drift returned 1 meter at 48 g/t gold and 102.91 g/t silver, according to a company presentation.

About 600,000 tonnes of massive sulfide was mined from surface to 240 meters at Lorraine producing 3,000 tonnes of nickel, 6,000 tonnes of copper, 14,082 ounces of gold and 86,196 ounces of silver from 1964 to 1968.

Lorraine is 20 kilometers west of the Belleterre gold mine, which produced 755,000 ounces of gold at 10.73 g/t between 1936 and 1959.

Though the underground development remains flooded to surface, Chase sees potential in the 75- to 90-meter-wide ore body and the 12-meter-thick, semi-massive to massive sulfides that lie therein.

Kavanagh said no modern-day exploration techniques have yet been used to target extensions to the Lorraine massive sulfide zones at depth and sees potential considering the mined grade averaged 1.57% copper, 0.62% nickel, 6.9 g/t silver and 0.67 g/t gold, plus upside from platinum group elements.