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Chalice Gold Mines Ltd.
Summary
| Project: | Pyramid Hill | |
|---|---|---|
| Deposit: | Pyramid Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/19/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-3-2019: Chalice Gold Mines Ltd. announces an Exploration/Drilling Update report for its Pyramid Hill deposit at the Pyramid Hill project. Drilling results incl. 4m @ 0.39g/t Au from 95m. Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX: CHN | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Dr Kevin Frost (Internal) | |
| ABSTRACT: | Chalice Gold Mines Limited (“Chalice” or “the Company”) (ASX: CHN | TSX: CXN) is pleased to provide an update on recent results and ongoing exploration activities at its 100%-owned Pyramid Hill Gold Project, located in the world-class Bendigo region of Victoria. Several new zones of strongly anomalous gold and pathfinder mineralisation have been intersected across wide-spaced reconnaissance aircore (AC) drill lines within the Muckleford Area. These results provide important vectors to potential gold systems and provide immediate targets for follow up in-fill drilling. Based on the encouraging new results and the cost-effectiveness of the programme in testing a very large area, the initial 15,000m Phase 1 AC drilling programme at Muckleford has been more than doubled in size to 35,000m. This initial programme will continue until early May 2019. In addition, a second AC drill rig will commence the Company’s maiden 4,000m Phase 1 reconnaissance drill programme within the Mt William Area, located north-east of Kirkland Lake Gold’s (TSX / NYSE: KL | ASX: KLA) >8Moz high-grade Fosterville Gold Mine. This programme is scheduled to begin in late March 2019. | |
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