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Chalice Gold Mines Ltd.

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Summary

Project:

Julimar

Deposit:Julimar
Location:Australia
Commodities:Copper-Nickel-Cobalt-Nickel-Palladium-Platinum
Date:6/15/2020
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:15-6-2020: Chalice Gold Mines Ltd. announces an Exploration/Drilling Update report for its Julimar deposit at the Julimar project. Drilling results incl. 189.6m @ 0.46g/t Pd, 0.11g/t Pt, 0.15% Ni, 0.08% Cu, 0.01% Co from 271.1m. Chalice Gold Mines Limited
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 results from ongoing exploration drilling at its 100%-owned Julimar Nickel-Copper-PGE Project, located ~70km north-east of Perth in Western Australia. Three rigs (two RC and one diamond) are currently drilling at the Gonneville Intrusive – where Chalice recently made a high-grade Ni-Cu-PGE discovery in March 2020 (refer ASX Announcement 23 March 2020). Drilling results continue to demonstrate the Intrusive hosts both high-grade Ni-Cu-PGE zones in massive / matrix sulphides and widespread PGE mineralisation in disseminated sulphides. In addition, a deep penetrating HT SQUID EM survey was recently completed over the entire ~1.6km x ~0.7km Intrusive with the aim of identifying new deep EM targets and possible continuations of existing EM targets beyond the depth capacity of the previous Moving Loop EM (MLEM) survey. Preliminary results are promising and modelling / interpretation is ongoing.

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