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Chalice Gold Mines Ltd.
Summary
| Project: | East Cadillac | |
|---|---|---|
| Deposit: | North Contact, Lac Rapides | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 5/31/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 31-5-2018: Chalice Gold Mines Ltd. announces an Exploration/Drilling Update report for its North Contact, Lac Rapides deposit at the East Cadillac project. Drilling results incl. 23.5m @ 1.12g/t Au from 180.5m. Chalice Gold Mines Limited (“Chalice” or “th | |
| 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 report two significant new mineralised trends which have further enhanced the potential of its East Cadillac Gold Project, located in the Abitibi gold province in Quebec, Canada. The new drill intercepts have been confirmed following the receipt of a number of new assay results from the recently completed 27,300m regional diamond drilling program. The intercepts at the North Contact and Lac Rapides targets significantly expand the potential of the project to the north and south-east beyond the known Cadillac fault-hosted mineralisation. The lateral extent and thickness of the gold intercepts is considered encouraging and suggests potential for large scale mineralising systems in the area. The new mineralised zones add to the previously announced discoveries at Simon West, which has now expanded the historical Cadillac fault-hosted mineralisation at Simon West to approximately 3.5km along strike. The 27,300m regional diamond drill program was designed to follow-up on potential extensions to the gold mineralisation previously intersected at Nordeau West and Simon West, and to complete an initial assessment of The latest assay results have confirmed the presence of significant gold mineralisation at the North Contact and Lac Rapides zones, along with further encouraging intersections at Simon West. The latest significant intercepts are listed in Table 1, with assays from two holes still awaited (full listing of intersections can be found in Appendix 1) | |
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