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Chalice Gold Mines Ltd.

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Summary

Project:

Julimar

Deposit:Julimar
Location:Australia
Commodities:Nickel-Copper-Platinum-Palladium
Date:4/15/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:15-4-2020: Chalice Gold Mines Ltd. announces an Exploration/Drilling Update report for its Julimar deposit at the Julimar project. Drilling results incl. 33m @ 6.5g/t Pd, 0.7g/t Pt, 1.6% Ni, 0.7% Cu, 0.1% Co from 44m. Chalice Gold Mines Limited (“Chalice”
Resources:x
CP/QP:[Overall Report]: Kevin Frost (Internal)
ABSTRACT:Chalice Gold Mines Limited (“Chalice” or “the Company”, ASX: CHN | OTCQB: CGMLF) is pleased to report significant new drilling results at its 100%-owned Julimar Nickel-Copper-PGE Project, located ~70km northeast of Perth in Western Australia. Since the last ASX announcement on 24 March 2020, Reverse Circulation (RC) drilling has intersected a significant new, wide, shallow, high-grade palladium-nickel-copper zone ~60m east of the discovery hole (JRC001). Based on geophysics, this new intercept is interpreted to be a parallel zone to that intersected in JRC001. In addition, assays have now been received for a total of six RC drill holes (JRC001-006), all of which have intersected broad zones of PGE mineralisation, demonstrating the large scale potential of the newlynamed Gonneville Intrusive. The recent discoveries by Chalice confirm the region as a new Ni-Cu-PGE province, where Chalice now has a commanding >2,000km2, 100%-owned licence holding

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