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Chalice Gold Mines Ltd.
Summary
| Project: | Julimar | |
|---|---|---|
| Deposit: | Julimar | |
| Location: | Australia | |
| Commodities: | Nickel-Copper-Platinum-Palladium | |
| Date: | 3/23/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-3-2020: Chalice Gold Mines Ltd. announces an Exploration/Drilling Update report for its Julimar deposit at the Julimar project. Drilling results incl. 25m @ 2.02% Ni, 0.88% Cu, 8.5g/t Pd, 0.91g/t Pt from 46m. Chalice Gold Mines Limited (“Chalice” or “t | |
| 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 announce the discovery of significant high-grade nickel-copper-PGE sulphide mineralisation at its 100%owned Julimar Nickel-Copper-PGE Project, located ~70km north-east of Perth in Western Australia. Julimar is one of Chalice’s generative exploration opportunities and is being progressed alongside ongoing drilling programs at its Pyramid Hill Gold Project in Victoria. Drilling results A maiden 4-hole Reverse Circulation (RC) drill program recently commenced at Julimar to test several high-conductance MLEM targets identified in Q4 2019, which appear to be associated with the margins of a discrete ‘lens-shaped’ magnetic anomaly (Figure 1). Cobalt and other PGE assays are currently pending. The massive sulphide zone coincides with the interpreted position of Conductor ‘E’, indicating that MLEM has been successful and highly effective at targeting shallow sulphides. The true width of the mineralised intervals are not known, however MLEM Conductor ‘E’ is modelled as a steep westerly-dipping plate, indicating an interpreted near-true width intersection (Figure 2). | |
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