Chalice Gold Mines - Receipt of deferred consideration

Symbol:                    ASX: CHN TSX:  CXN

Shares outstanding:              282 million

Fully diluted:                            292 million

PERTH, Western Australia, Jan. 21, 2016 /CNW/ - Chalice Gold Mines ("Chalice" or "The Company") ASX:CHN TSX:CXN is pleased to advise that it has received the deferred consideration of US$2 million from China SFECO Group following first gold pour from the Zara Gold Project in Eritrea.

The US$2 million represents the final tranche for the sale of Chalice's interest in the Zara Gold Project.

SOURCE Chalice Gold Mines Limited

For further information: Tim Goyder, Managing Director, Chalice Gold Mines Limited, Telephone +61 9322 3960

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890