For thousands of other reports visit RSC's Mineral Intellingence Map
Chalice Gold Mines Ltd.
Summary
| Project: | Pyramid Hill | |
|---|---|---|
| Deposit: | Ironbark | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/14/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-11-2019: Chalice Gold Mines Ltd. announces an Exploration/Drilling Update report for its Ironbark deposit at the Pyramid Hill project. Drilling results incl. 4m @ 0.71g/t Au from 72m. Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX: CHN | | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Kevin Frost (Internal) | |
| ABSTRACT: | Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX: CHN | TSX: CXN | OTCQB: CGMLF) is pleased to announce highly encouraging air-core (AC) drilling results from the Ironbark Target at its 100%- owned Pyramid Hill Gold Project, located in the Bendigo Region of Victoria. The Company’s 25,000m Phase 2 reconnaissance AC drill program at the Ironbark, Karri and Beech Targets continues in the Muckleford Area. A total of 55 AC drill holes for 5,389m have been completed at the Ironbark Target, which is centred over an extensive >5ppb gold-in-soil anomaly with a peak value of 276ppb Au. The Ironbark Target lies under 35-75m of Murray Basin cover. The Phase 2 AC holes at Ironbark were designed as a follow-up to the promising results generated from a single line of drilling in Phase 1 that intersected a broad zone of anomalous gold (>25ppb Au) extending over seven consecutive 100m-spaced AC holes, with a peak value of 1m at 1.1g/t Au (refer ASX Announcement on 8 July 2019) associated with quartz veining in a diorite intrusion (the “Ironbark Diorite”). The Phase 2 AC drilling has intersected several broad zones of anomalous gold, principally associated with the contact between the Ironbark Diorite and Castlemaine Group sediments and within the Ironbark Diorite itself. All holes were drilled vertically and penetration into the Ironbark Diorite was limited to the top 5-25m of weathered rock (due to AC blade refusal). Anomalous gold (>25ppb Au) was intersected in basement over an area of approximately 500m x 500m and is broadly coincident with the interpreted outline of the Ironbark Diorite (Figure 1). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report