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Chalice Gold Mines Ltd.
Summary
| Project: | Julimar | |
|---|---|---|
| Deposit: | Julimar | |
| Location: | Australia | |
| Commodities: | Copper-Nickel-Cobalt-Gold-Palladium-Platinum | |
| Date: | 7/9/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-7-2020: Chalice Gold Mines Ltd. announces an Exploration/Drilling Update report for its Julimar deposit at the Julimar project. Drilling results incl. 233.8m @ 0.59g/t Pd, 0.13g/t Pt, 0.05g/t Au, 0.16% Ni, 0.09% Cu, 0.02% Co from 62m. Chalice Gold Mines | |
| 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 activities at its 100%-owned Julimar Nickel-Copper-PGE Project, located ~70km north-east of Perth in Western Australia. Three rigs (two Reverse Circulation (“RC”) and one diamond) are currently drilling at the Gonneville Intrusion – where Chalice recently made a high-grade PGE-Ni-Cu-Co discovery in March 2020 (refer to ASX Announcement on 23 March 2020). Drilling results continue to demonstrate that the Intrusion hosts both extensive high-grade PGE-Ni-Cu-Co zones in massive/matrix/stringer sulphides and widespread PGE mineralisation in disseminated sulphides. The latest results highlight the potential for continued growth of the high-grade massive/matrix/stringer sulphide mineralisation. The Company continues its dual approach of targeting both extensions of known high-grade PGE-Ni-CuCo zones (G1-G3) with 40-80m spaced step-out drill holes and scoping out the extensive zones of PGE-rich disseminated sulphides on a 200m x 80m spaced grid. A total of 10 diamond drill holes and 36 RC drill holes have been completed to date. | |
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