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Chalice Gold Mines Ltd.
Summary
| Project: | Pyramid Hill | |
|---|---|---|
| Deposit: | Karri | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/7/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-4-2020: Chalice Gold Mines Ltd. announces an Exploration/Drilling Update report for its Karri deposit at the Pyramid Hill project. Drilling results incl. 8m @ 1.64g/t Au from 152m. Chalice Gold Mines Limited (“Chalice” or “the Company”, ASX: CHN | OTCQB | |
| 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 initial results from its first diamond drill program at its 100%-owned Pyramid Hill Gold Project in the Bendigo Region of Victoria. The first diamond drill hole at the Karri Prospect successfully intersected an ~11m wide zone of primary gold mineralisation below the 4km long gold trend defined by shallow AC drilling, a significant result. Operational update The Company is continuing its systematic exploration drilling program at the Pyramid Hill Gold Project with two diamond rigs currently on site. The COVID-19 pandemic has had minimal impact on the operational schedule to date, however appropriate protocols are in place to reduce the associated risks to employees and contractors. New assay results have been received for the first diamond drill holes at both Karri and Ironbark North, as well as 78 AC holes at Karri, following on from the results released previously (refer ASX Announcements on 12 December 2019, 13 January 2020, 3 February 2020 and 4 March 2020). Assays are currently pending for a further 27 AC drill holes and an additional two diamond drill holes completed at Karri. | |
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