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Chalice Gold Mines Ltd.
Summary
| Project: | East Cadillac | |
|---|---|---|
| Deposit: | Nordeau West | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/7/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-3-2017: Chalice Gold Mines Ltd. announces a Resource Estimation report for its Nordeau West deposit at the East Cadillac project. JV - Updated resource estimate at Nordeau West (Initial JORC compliance). Chalice Gold Mines Limited (ASX: CHN; TSX: CXN – | |
| Resources: | (Resource, I+I): 1.337Mt @ 4.1g/t Au for 176500oz Au contained at Nordeau West | |
| CP/QP: | [Resources]: John Langton (MRB & Associates) | |
| ABSTRACT: | Chalice Gold Mines Limited (ASX: CHN; TSX: CXN – “Chalice” or “the Company”) is pleased to announce an updated JORC 2012 Mineral Resource estimate comprising Indicated Mineral Resources of 225,000t @ 4.17g/t Au for 30,200oz Au contained and an Inferred Mineral Resource of approximately 1,112,000t @ 4.09g/t Au for 146,300oz Au contained within the Nordeau West gold deposit, which forms part of Chalice’s East Cadillac Gold Project in Quebec, Canada. Chalice previously reported a historical and foreign (Canadian NI 43-101) Mineral Resource estimate for the Nordeau West deposit in announcements dated 12 October 2016 and 21 October 2016 with the updated JORC 2012 Mineral Resource estimate confirming the historical estimate. To comply with its listing on the Toronto Stock Exchange, Chalice has filed on SEDAR (www.sedar.com), a National Instrument 43-101 "Technical Report and Mineral Resource Estimate for the East Cadillac Gold Project, Val-d’Or, Quebec" dated 12 February 2017, which includes the updated mineral resource for the Nordeau West deposit. The report can also be viewed at www.chalicegold.com. The Nordeau West deposit occurs on the Nordeau property, where Chalice has the option to earn 100% from Globex Mining Enterprises Inc. (“Globex”) under the terms outlined in a previous ASX release dated 12 October 2016. Chalice’s Managing Director, Tim Goyder, said: “The updated resource for the Nordeau West deposit provides our team with an excellent foundation to unlock the value in our newly consolidated land package in the southern Abitibi gold province. A comprehensive field program will commence shortly including high-resolution geophysics, surface geochemistry and diamond drilling, with an initial program of drilling to test immediate strike extensions of the Nordeau West deposit itself.” | |
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