Symbol: ASX: CHN TSX: CXN
Shares outstanding: 250 million
Fully diluted: 258 million
PERTH, Western Australia, Jan. 31, 2012 /CNW/ - Chalice Gold Mines ("the Company") ASX:CHN TSX:CHN advises that its Activity and Cash Flow Reports for the quarter ended
December 31, 2012 have been issued today. The full texts of these
reports are available at the Company's website www.chalicegold.com and under the Company's profile at www.sedar.com.
Chalice agrees to sell its remaining 60 percent interest in the Zara
Gold Project (Eritrea, East Africa) for up to US$100M to China SFECO
Terms of the sale of a 30 percent interest to the Eritrean National
Mining Corporation have been varied to align completion of the
transaction to the SFECO sale transaction.
Chalice to focus its exploration efforts at the Mogoraib North VMS
project, 10km north of the Bisha Mine.
5,000m drill program to commence at Mogoraib North shortly to test
multiple bedrock conductor targets.
The Koka Mining Licence was granted.
Further high-grade results were received from drilling at Koka South.
SOURCE Chalice Gold Mines Limited
For further information:
| For further information, please contact: |
Tim Goyder, Executive Chairman
Dr Doug Jones, Managing Director
Chalice Gold Mines Limited
Telephone +61 9322 3960
| || || || For media inquiries, please contact: |
Telephone: +618 9388 1474