Canada

Zeus holds 183 Claims in Southwestern Quebec which cover an area of approximately 99 km² comprising the Alotta-Delphi-Zullo (ADZ) and the Lorraine Projects. When Chase Mining acquired Zeus, the Zeus vendors had already arranged for diamond drilling to occur at its Alotta Prospect which meant that it was possible for the Company to commence a drilling programme on the 4 October 2018 (ASX announcement 3 October 2018).

Project Locality Map – Drill Sites

ADZ Project – 2018 Drill Programme

The drill programme comprising nine holes for 801m successfully intersected Ni-Cu-PGE-Co mineralisation in all nine holes including some wide zones of high-grade massive sulphide mineralisation as reported in ASX Announcements 9 October 2018, 16 October 2018, 13 November 2018, 8 January 2019, December 2018 Quarterly Report and in the Half Yearly Report December 2018.

Alotta Prospect 2018 Drill Programme

  • Maiden drill programme 9 holes for 801m;
  • Successfully intersected significant zones of massive sulphides in 8 holes;
  • Step out drilling extended mineralisation along strike to WNW (to depth) and ESE;

Significant Massive Sulphide Intersections*
9.20m at 2.59% Ni, 2.79% Cu, 3.37g/t PGE & 0.11% Co from 85.20m – ZA-18-08
11.28m at 2.17% Ni, 2.15% Cu, 2.94g/t PGE & 0.11% Co from 61.15m – ZA-18-05
3.27m at 2.06% Ni, 3.77% Cu, 3.09g/t PGE & 0.12% Co from 53.10m – ZA-18-04
and
 7.10m at 2.38% Ni, 1.87% Cu, 1.90g/t PGE & 0.11% Co from 70.17m
8.13m at 1.74% Ni, 2.06%Cu, 1.59g/t PGE &  0.11% Co from 43.17m – ZA-18-06
and
5.30m at 3.04% Ni, 0.84% Cu, 1.96g/t PGE & 0.13% Co from 63.30m

                     Wide Mixed Style Mineralisation Intersects*
20.80m at 1.18% Ni and 1.50% Cu from 40.70m – ZA-18-03
24.17m at 1.23% Ni and 2.31% Cu from 53.10m – ZA-18-04

Alotta Prospect  Long-Section*
Hole ZA-18-08 – 8.53m of massive sulphide from 85.87m to 94.4m depth
9.2m @ 2.59% Ni, 2.79% Cu, 3.37g/t PGE and 0.11% Co.

*ASX Announcement 8 January 2019

Alotta Prospect 2019 Drill Programme

Diamond drilling comprising 7 holes for 705m was completed at the high-grade Ni-Cu Alotta Prospect. Five of the seven holes contained appreciable zones of massive sulphides mineralisation see ASX Announcements 30 October 2019, 1 November 2019 and 6 November 2019. Detail geological logging, core-cutting and sampling has been completed and a total of 206 samples dispatched to ALS in Sudbury for assay. Results are expected in early December and will be reported once all QA/QC procedures have been finalised.

Hole ID Easting (mE) Northing (mN) CGVD** (m) Azimuth Dip Final Depth
ZA-19-02 631638 5258632 264 259 -47 102
ZA-19-03 631624 5258626 268 126 -71 102
ZA-19-04 631649 5258578 274 019 -45 102
ZA-19-05 631649 5258578 274 019 -55 102
ZA-19-06 631604 5258585 278 020 -55 107
ZA-19-07 631600 5258603 273 022 -65 90
ZA-19-08 631627 5258578 274 018 -48 100
          Total 705m

Alotta Drill Collar Coordinates  (Coordinates NAD83 UTM Zone 17N.  Azimuth (Azi)  True North Canadian Height Datum)

Alotta Project Wireframe Model – 2019 Drill Hole Location Plan

Lorraine Project

The Lorraine Project comprises 139 claims in a single contiguous claim block for an area 75km². The project area lies within the Lac Des Bois sector of the BAGB. It contains the historic Cu-Ni sulphide deposit of the Lorraine Mine and several other mineralised Ni-Cu, PGE or gold occurrences. The property is accessible from the town of Ville-Marie via the regional secondary road 382 to Latulipe.

Four types of mineral deposits or occurrences have been identified within the Lorraine Project area:

  • Magmatic Ni-Cu-Co-Au-PGE deposit like the former Lorraine Mine, the Blondeau showing and the Lac Kelly deposit;  
  • Vein-type intrusion-related gold deposits in vein quartz hosted by gabbro at Lorraine and Blondeau;
  • Orogenic, structurally controlled, gold deposits like the Lac au Renard Ouest Cu-Au showing; and,
  • Zn-Cu volcanogenic semi-massive to massive sulphides (Cu, Zn, Ag, Co) deposit like the Roy showing found on the property. 

Exploration programmes within the Lorraine Project area for 2019 have included an airborne VTEM over the entire property. Targeted diamond drilling of the VTEM anomalies comprising 7 holes for 1473m was carried out together with follow-up Downhole EM surveys. None of the VTEM targets returned targeted Ni-Cu massive sulphides with, mineralisation being intersected restricted to narrow sulphidic Banded Iron Formation units.

The Company’s focus within the Lorraine Project for 2020 will be on the gold potential of the Lorraine Mine area as well as the overall prospectivity for base metal mineralisation including gabbro hosted disseminated Ni-Cu mineralisation.

More detail and technical reporting of the 2019 exploration programme is documented in the ASX announcements available through the Investor Portal on Website.

Lorraine Project – Locality Map
Lorraine Project – Prospect Localities

Historic Mined Mineralisation

  • Mined from surface to 240m (1964 – 1968);
  • 75m to 90m wide ore body / ~12m thick semi-massive to massive sulphides;
  • Historic production 600,000t massive sulphide mined producing 3,000t Ni; 6,000t Cu; 14,082oz Au; and 86,196oz Ag;

Mined Grade 1.57% Cu, 0.62% Ni, 6.9g/t Ag, 0.67g/t Au + PGE

  • Centre of lens pyrrhotite with pentlandite enriched in Co, pyrite, chalcopyrite and magnetite;
  • Disseminated envelope with chalcopyrite, lessor pyrrhotite and magnetite – enriched in Cu, Au, Ag and Zn.

Lorraine Mine Ni-Cu Sulphide Potential

  • Underground development remains in place (flooded to surface);
  • Western limit of stoped lens is SE plunging (Z) fold closure;
  • Eastern limit of lens is a possible flexure (kink fold) with mineralisation continuing to depth – SE plunging below the 6- level;
  • U/G drilling from 6- level drift (300m VD) intersected:
  • 3.5m @ 2.59% Ni from 380m VD
    • 0.5m @ 1.95% Ni from 600m VD
    • 13m @ 0.36% Cu and 0.22% Ni from 620m VD confirming continuation of mineralisation to depth.
  • No modern-day exploration techniques have been utilised for targeting of high grade massive sulphide zones at Lorraine, presenting Chase with an  excellent opportunity to follow-up known mineralisation

     *ASX Announcement 15 October 2019

Lorraine Nickel – Copper Mine*

Lorraine Mine Ni-Cu Potential

Lorraine Mine Gold Potential*

Bonanza Grade Gold at Depth

  • High grade gold mineralisation is associated with quartz-chalcopyrite veining along the footwall sheared basalt/felsic volcanic contact zone on the 6th level drift (300m VD).
  • 10m @ 13g/t Au from channel sampling on the 6th level drift.
  • 1m @ 48g/t Au and 102.91gt Ag from a drill intercept on the 6th level drift.
  • Visible gold up to 29.2g/t Au & 23g/t Ag found in five copper-gold bearing quartz veins.
  • Gold values up to 13.8g/t Au from sulphide bearing samples in waste dumps (2000).
  • Underground gold potential not followed by owners
  • Follow-up in 2004 was not successful due to significant hole deviation.
  • Surface gold anomalous values east of the shaft to follow-up.
  • Located 20km east of Lorraine is the Belleterre Gold Mine which produced 755,000 oz of gold @ 10.73 g/t between 1936 and 1959.
  • Drill programme is planned for the second quarter 2020 to test deep gold potential from the footwall rather than through the old workings.

*ASX Announcement 15 October 2019

Lorraine Mine Gold Potential