For thousands of other reports visit RSC's Mineral Intellingence Map
Chalice Gold Mines Ltd.
Summary
| Project: | Pyramid Hill | |
|---|---|---|
| Deposit: | Karri | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/13/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-1-2020: Chalice Gold Mines Ltd. announces an Exploration/Drilling Update report for its Karri deposit at the Pyramid Hill project. Drilling results incl. 12m @ 0.22g/t Au from 76m. Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX: CHN | OTC | |
| 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 encouraging new reconnaissance air-core (AC) drilling results from the Karri Target at its 100%- owned Pyramid Hill Gold Project, located in the Bendigo Region of Victoria. The Karri Target is located 65km north-west of Bendigo, under 50-85m of Murray Basin cover. The new results, which follow the initial discovery of the gold trend under cover at the Karri Target in late 2019 (refer ASX announcement on 12 December 2019), have significantly expanded the footprint and the robustness of the Karri Target. The Company is also pleased to announce a significant ramp-up in activities at the Project, with the impending commencement of its maiden diamond drill program, along with a trial 2D seismic survey. Chalice’s Managing Director, Alex Dorsch, said: “The latest air-core drill results continue to demonstrate the scale and robustness of the gold trend under cover at the Karri Target, with a contiguous gold zone now extending over a strike length of more than 3km.” “Given the scale of the target, the favourable geological setting and the tenor of the results being generated by this relatively early stage of exploration, we believe there is the potential to discover a largescale gold system at depth.” “The Karri gold trend has a consistent north-south orientation, sub-parallel to the interpreted position of the regional scale Muckleford Fault. This structural setting is similar to many large-scale gold deposits in the Bendigo Zone, such as Fosterville, ~70km south-east of Karri, where the high-grade gold zones are associated with a secondary structure, sub-parallel to the regional-scale fault.” | |
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