GCM Corp., Ltd. · ASX:GCM
GCM — Chase Mining — Australian Nickel Conference 2019
24 slides from GCM's conference presentation, Oct 15, 2019
Slide 1: Searching for New and Deeper Ni-Cu-PGE-Co Deposits, Southwestern Quebec
Searching for New and Deeper Ni-Cu-PGE-Co Deposits Southwestern Quebec ASX Code: CML Australian Nickel Conference 15 October 2019
Slide 2: Important Notice and Disclaimer
Disclaimer Important Notice and Disclaimer This presentation has been prepared by Chase Mining Corporation Limited (Chase or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does n
Slide 3: 12 Months On
12 Months On • October 2018 AGM - Shareholder approval to acquire Zeus Minerals Ltd - Canadian Nickel Projects including the drill-ready high-grade Alotta Prospect and the historic (1964-68) Lorraine Nickel-Copper-Gold Mine; • Alotta deposit (non-JORC) was drilled in 2001 – good database, but origin
Slide 4: 12 Months On
12 Months On • 2019 VTEM flown over entire Alotta and Lorraine Project Areas – 86km²; • Additional claims acquired at Alotta (Bambino) and SW of the Lorraine project area; • Drilled 8 DC holes to test VTEM whilst intersecting sulphides did not fully explain the anomalies; • Downhole EM was successfu
Slide 5: Corporate Information – ASX Code: CML
Corporate Information – ASX Code: CML Capital Structure Cash at Bank* ~$2,067,000 Dr Leon Pretorius (Chairman) - 7.73% Hustler Investments - 5.58% Syracuse Capital - 5.4% Southern Reaches - 4.61% Major and Significant Shareholders Mounts Bay Investments (Director) - 3.87% Dr Thomas Holland Whiting -
Slide 6: Corporate Team and Key Partnerships
Corporate Team and Key Partnerships Dr Leon Pretorius – Executive Chairman and CEO (BSc (Hons) MSc PhD FAusIMM (CP) MAIG PrNatSci) Dr Pretorius is a Geochemist with 48 years international mineral and mining experience. Since settling in Brisbane in 1978 he has worked on varied commodities with disco
Slide 7: Project Locations
Project Locations Canadian Operating Company: Zeus Olympus Sub Corp (Zeus) 7
Slide 8: Abitibi and Pontiac Subprovinces: A Good Address
Abitibi and Pontiac Subprovinces A Good Address • Excellent infrastructure - 4 hours to Sudbury, 6 hours to Toronto mostly on all-weather highways. • Province-wide mining culture. • Experienced consultants, contractors and mining personnel. • Over 100 years of production from world class gold, base
Slide 9: District Geology - BAGB
District Geology - BAGB • CML (Zeus) is focusing its Ni-Cu-Co-PGE exploration in two prospective project areas namely the Alotta and Lorraine Areas • A characteristic of the nickel mineralised bodies in the BAGB is their association with gabbroic sills. The extensive areas of tholeiitic mafic volcan
Slide 10: Alotta October 2018 Drilling
Alotta October 2018 Drilling 2018 Maiden Drill Programme • Maiden drill programme 9 holes for 801m Massive Sulphides • 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 Sul
Slide 11: Alotta Deposit – October 2019 Drill Programme
Alotta Deposit – October 2019 Drill Programme Deepest Hole – 140m Target Zone ASX announcement 8 January 2019 11
Slide 12: Alotta High Grade Core Photos
Alotta High Grade Core Photos 71.7m Massive Sulphide 61.15m Hole ZA-18-05 with 10.55m of massive sulphide from 61.15m to 71.7m depth* Hole ZA-18-08 – 8.53m of massive sulphide from 85.87m to 94.4m depth* 11.28m @ 2.17% Ni, 2.15% Cu, 2.94g/t PGE and 0.11% Co. 9.2m @ 2.59% Ni, 2.79% Cu, 3.37g/t PGE an
Slide 13: Alotta Massive Sulphides and Petrography
Alotta Massive Sulphides and Petrography Hole ZA-18-08 Hole ZA-18-08 -92m*: 3.26% Ni, 2.06% Cu, 1070ppm Co, 1.12ppm Pt, 2.20ppm Pd Hole ZA-18-05 Hole ZA-18-05 -66m*: 2.16% Ni, 2.52% Cu, 882ppm Co, 0.28ppm Pt, 1.72ppm Pd *ASX announcement 16 October 2018 13
Slide 14: Alotta Gabbro
Blebby – Sulphides 1.18% Ni, 1.61g/t PGE ZA-18-04 with 20-30% net texture sulphides ~60m* Massive Sulphide Basal Zone Hole 2.38% Ni, 1.9g/t PGE ZA- 18-04 massive sulphide from 70.17m* *ASX announcement 16 October 2018 Alotta Gabbro 14
Slide 15: Alotta Deposit - Wireframe
Alotta Deposit - Wireframe Remove drill trace? WNW 1% Ni+Cu Wireframe 1% Ni+Cu Wireframe 1% Ni+Cu Wireframe ESE Diamond Drilling DHEM Plate – Alotta Deeps – ESE Extension – October 2019 Programme 15
Slide 16: Lorraine Project
~ 4 AA Lorraine Project ~<aal CHASE MINING ; ; N CORPORATION LIMITED Lorraine Project Belleterre Lac Kelly Est Cu-Zn-Ag “Au: % 2 Co Greenstone Belt Lithology Metallic Mineral Deposits Property Position I Matic volcanics QNi,CusPGEStCo [Zeus Minerals’ Claims Hi cabbro a Au Greenstone Belt Lithology M
Slide 17: Lorraine Nickel-Copper Mine
Lorraine Nickel-Copper Mine 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 Gra
Slide 18: Lorraine Nickel-Copper Mine
Lorraine Nickel-Copper Mine ‘Looking ENE’ Geology and Infrastructure Compiled by Orix 2019 Mined Western Lens 1964 -1968 Mined Grade 1.57% Cu, 0.62% Ni, 6.9g/t Ag, 0.67g/t Au + PGE ‘Looking NNW’ 18
Slide 19: Gold Potential at Lorraine Mine
Gold Potential at Lorraine Mine Bonanza Grade Gold At Lorraine* • 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 sampling on the 6th level drift. • 1
Slide 20: Lorraine Project – Regional Potential
Lorraine Project – Regional Potential Target 4 - CM-19-05 ASX announcement 8 January 2019 20
Slide 21: 2020 Strategy
2020 Strategy ALOTTA: Given its standout Ni-Cu-PGE-Co grades in a district which contains several close to surface massive sulphide deposits is the driver for the 2020 exploration programme. TARGETS: Search for repetition of Alotta laterally and at depth. GOAL: Find similar multiple high-grade lense
Slide 22: Contact
CONTACT Dr Leon Pretorius Martin Kavanagh Charles Thomas (Executive Chairman) or (Technical Enquiries) or (Corporate Enquiries) 0419 702 616 0419 429 974 0402 058 770 [email protected] [email protected] [email protected]
Slide 23: Competent Person Statement
Competent Person Statement JORC Compliance Statement - Competent Person Statements The information in this report that relates to Exploration Activities and Exploration Results is based on information evaluated by Dr Leon Pretorius who is a Fellow of The Australasian Institute of Mining and Metallur
Slide 24: Competent Person Statement
Competent Person Statement Geophysical Data - Competent Person Statements Information in this ASX announcement that relates to Geophysical Exploration Results is based on information reviewed by Mr. Robert Hearst, Chief Geophysicist – Americas, with Southern Geoscience Consultants (SGC), consultants