Symbol: ASX: CHN TSX: CXN
Shares outstanding: 250 million
Fully diluted: 255 million
PERTH, Western Australia, Jan. 24, 2013 /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.
Massive sulphide discovery at Mogoraib River prospect, within >6km
strike of prospective VMS trend, suggesting the potential for a
significant VMS system similar to the nearby world-class Bisha Mine.
Down-hole EM at Mogoraib River suggests that drilling to date has only
intersected the up-dip portion of a very strong conductor that lies
below and to the north of existing drilling.
Ground and down-hole EM underway to outline the extent of mineralisation
and to assist in vectoring in on higher grade zones.
Drilling at Mogoraib River set to commence in late February 2013.
Chalice returns $25M to shareholders following the sale of the Zara
Project to China SFECO Group.
Experienced mining executive Mr Bill Bent appointed as Managing Director
to lead the Company through its next phase of growth, commencing
SOURCE: Chalice Gold Mines Limited
For further information:
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