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Chalice Gold Mines Ltd.
Summary
| Project: | East Cadillac | |
|---|---|---|
| Deposit: | Nordeau, Simon West | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/6/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-3-2018: Chalice Gold Mines Ltd. announces an Exploration/Drilling Update report for its Nordeau, Simon West deposit at the East Cadillac project. Drilling results incl. 11.6m @ 3.32g/t Au from 235.9m. Chalice Gold Mines Limited (“Chalice” or “the Compan | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Dr Kevin Frost (Internal) | |
| ABSTRACT: | Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX: CHN) (TSX: CXN) is pleased to advise that it is making excellent progress with the expanded exploration program at its East Cadillac Gold Project, located in the Abitibi gold province in Quebec, Canada, with the receipt of a number of encouraging new assay results confirming and further expanding the potential of the project. As announced on 16 January 2018, Chalice has increased its planned drilling program at East Cadillac to a planned 29,000m, representing an increase of 21,000m. Drilling activity has increased with four diamond rigs now operating. The current diamond drill program was designed to follow-up on potential extensions to the mineralisation previously intersected at Nordeau and Simon West and to complete an initial assessment of prioritised targets identified from both surface geochemistry and 3D Induced Polarisation surveys undertaken in 2017 (see Figure 1). The latest assay results have confirmed the presence of significant gold mineralisation at Simon West (ECG-18-21) and the continuation of multiple mineralised zones up to 10m in width (ECG-18-16 and 37) over a strike length of ~3.5km to the west of the Chimo Mine boundary. The mineralisation is typical of the Abitibi region and is seen elsewhere along the Larder Lake – Cadillac Fault structure. | |
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