Kostolanys Erbe schrieb am 04.07.2017, 22:28 Uhr[/url]"]Super! Sie nehmen Geld in die Hand + stecken es in die Projekte!
Chalice plans $7.5M (Australian) exploration program
2017-07-04 09:30 ET - News Release
Mr. Tim Goyder reports
CHALICE ANNOUNCES A$7.5M EXPLORATION PROGRAM IN CANADA AND AUSTRALIA TO ADVANCE HIGH PRIORITY DRILL TARGETS
Chalice Gold Mines Ltd. has proposed a fiscal year 2018 $7.5-million (Australian) exploration initiative to advance its high-priority gold and base metals targets in its current property portfolio (see attached table). Chalice's exploration strategy has focused on acquiring exposure to projects, either through direct ownership or joint venture, hosted in terranes with outstanding metal endowment that also have the key geological features to host Tier 1 deposits. These include the East Cadillac gold project in the prolific Abitibi gold district in Quebec, Canada; the Warrego North iron-oxide-copper-gold (IOCG) project in the Tennant Creek gold-plus-or-minus-copper mineral field of the Northern Territory, Australia; and the Latitude Hill nickel project and the gold and base metals districts of the West Pilbara in Western Australia.
Chalice's exceptional balance sheet of $53-million (Australian) in cash and liquid assets means the company is well positioned to rapidly escalate exploration activities based on success.
Chalice's managing director, Tim Goyder, stated: "Chalice has systematically assembled a global exploration portfolio that offers outstanding potential for new discoveries in some of the best exploration addresses in the world. It is now time to evaluate the potential of this portfolio, and we are in the enviable position of having the balance sheet and the in-house technical expertise to support a mid-tier-scale exploration effort without diluting our shareholders at the company or project level."
OVERVIEW AND APPROXIMATE TIMELINE FOR PROPOSED FISCAL 2018 EXPLORATION PROGRAM
Project/exploration program September, 2017, quarter December, 2017, quarter
East Cadillac gold project
Sampling/trenching Extensive surface sampling
and trenching
IP geophysical survey 390 line km
Drilling 7,700 m diamond
Kinebik gold project
IP geophysical survey 55 line km
Drilling 1,800 m diamond
Latitude Hill nickel project
MLEM geophysical survey Survey seven anomalies
Drilling 9,000 m RC
Warrego North IOCG project
IP geophysical survey 23 line km
Drilling 1,000 m RC and diamond
West Pilbara gold and
base metals projects
IP geophysical survey 25 line km
Drilling 4,000 m aircore, RC
Exploration project overviews
East Cadillac gold project, Quebec, Canada
The East Cadillac gold project covers 107 square kilometres and is 35 kilometres east of the 20-millin-ounce Val d'Or gold camp. With a strike length of 16 kilometres encompassing the Larder Lake-Cadillac fault, the most prolifically gold-endowed trend in southern Abitibi, the project is a located amongst some of the region's most significant mines and is adjacent to the historical Chimo gold mine (owned by Cartier Resources).
The project includes an initial indicated mineral resources of 225,000 tonnes at 4.17 grams per tonne (g/t) gold for 30,200 ounces of gold and an inferred mineral resource of 1,112,000 tonnes at 4.09 g/t gold for 146,300 ounces of gold at the Nordeau gold deposit, which the company considers to have substantial growth potential.
No modern surface geochemistry, geological mapping or structural analysis has been completed in the district. The company has analyzed historical exploration information and merged this data with results from recent exploration activities undertaken by Chalice. This compilation will provide the basis for an integrated approach to exploration targeting over the company's consolidated land position.
The project comprises 100-per-cent-owned Chalice claims and option and farm-in agreements with Globex Mining Enterprises and Richmont Mines.
Kinebik gold project, Quebec, Canada
The 100-per-cent-owned Kinebik gold project covers 187 square kilometres, including 30 kilometres of strike of the Casa Berardi fault, which hosts Hecla Mining Company's Casa Beradi multimillion-ounce gold mine and numerous other gold occurrences. Chalice has identified three strong geochemical anomalies, which will be prioritized with an induced polarization survey and diamond drilling.
Warrego North IOCG project, Northern Territory, Australia
The Warrego North project is approximately 20 kilometres northwest of the historical high-grade Warrego copper-gold mine in the western part of the Tennant Creek mineral field in the Northern Territory, Australia. Warrego was the largest deposit mined in the area with historical production of 1.3 million ounces of gold and 90,000 tonnes of copper from five million tonnes of ore at eight g/t gold and 2 per cent copper in a classic IOCG geological setting. Chalice can earn up to a 70-per-cent interest in the project from Meteoric Resources NL by sole financing $800,000.
The company's first diamond drill hole at Warrego North, WND17-001, targeted a coincidental magnetic gravity and IP chargeability anomaly, and intersected chalcopyrite in magnetite ironstones grading eight metres at 1.74 per cent copper and 0.42 g/t gold between 249 and 257 metres in downhole depth. Pervasive chlorite-sericite alteration indicates the potential for an extensive hydrothermal system, which is a characteristic of IOCG deposits. A follow-up ground IP survey will systematically test extensions to known copper-gold mineralization and also assess the broader Parakeet magnetic gravity anomaly for additional mineralized magnetite ironstone bodies.
Latitude Hill nickel project, Western Australia
The 990.5-square-kilometre Latitude Hill project was acquired to provide Chalice with a countercyclical investment opportunity in an underexplored region that is highly prospective for massive and disseminated nickel-copper-platinum-group-metals sulphide deposits similar to the Nova-Bollinger nickel-copper sulphide deposit in the Albany-Fraser orogen. The project is subject to a farm-in and joint venture whereby Chalice can earn up to a 70-per-cent interest with Traka Resources Ltd. High-quality spectrem airborne electromagnetic (EM) survey completed in 2012 by Anglo American identified seven priority conductors that were not followed up following Anglo American's withdrawal from Western Australia, where a royalty was exchanged as consideration for its JV interest in the Latitude Hill project. None of these priority conductors have been subject to ground-based exploration.
West Pilbara gold and base metals project, Western Australia
The 1,390-square-kilometre West Pilbara project is located approximately 160 kilometres south-southwest of Karratha and has contiguous coverage of 90 kilometres of strike of prospective geology along the contact between the Ashburton and Hamersley basins, referred to as the Paraburdoo Hinge zone and defined by regional fault/shear zones. The region is underexplored for both gold and base metals, and the southwest boundary of the property is approximately eight kilometres from Northern Star Resources' Paulsens multimillion-ounce gold mine. Chalice acquired the project based on the identification of numerous Carlin-style and vein/shear-hosted gold prospects and breccia-hosted copper mineralization from previous work.
The company looks forward to updating shareholders on and the results of this substantial exploration initiative as results are received.
Competent persons and qualifying persons
The information in this news release that relates to the East Cadillac gold project's mineral resource estimate is extracted from a news release dated March 7, 2017.
The information in this news release that relates to the Warrego North is extracted from a news release dated June 16, 2017.
The information in this news release that relates to the Latitude Hill nickel project is extracted from a news release dated Sept. 22, 2016.
The information in this report that relates to the West Pilbara project is extracted from a news release dated April 28, 2017.
The above news releases are available on SEDAR. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement, and that all material assumptions in the market announcement continue to apply and have not materially changed. The company confirms that the form and context in which the competent person's and qualifying persons findings are presented have not been materially modified from the original market announcement. The competent person and qualifying person for the company is Dr. Kevin Frost, general manager -- exploration.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aCXN-2484645&symbol=CXN®ion=C
[url=http://peketec.de/trading/viewtopic.php?p=1756164#1756164 schrieb:
Kostolanys Erbe schrieb am 05.05.2017, 00:45 Uhr[/url]"]WL: Kanada CXN / oder CHN in Australien.
Marketcap unter cash Bestand!
Marketcap ca. 42 Mio. AUS$ => cash 49 Mio. AUS$
+ ca. 4,4 Mio. AUS$ FF Shares !!!
Chalice Gold sells Oklo, First Mining shares
2017-05-02 10:16 ET - News Release
Mr. Tim Goyder reports
CHALICE GOLD MINES LIMITED - CORPORATE UPDATE
Chalice Gold Mines Ltd. has lodged a Form 605 -- notice of ceasing to be a substantial holder in Oklo Resources Ltd. following the sale of approximately 23.4 million shares in Oklo at a price of 24 Australian cents for proceeds of $5.6-million (Australian). The sale has resulted in a profit of approximately $800,000 (Australian) and it is expected that the company will be able to utilize tax losses to offset any capital gain.
In addition, since March 31, 2017, Chalice has sold a further two million shares in TSX Venture Exchange-listed company First Mining Finance for proceeds of $1.4-million. Since completing the sale of the Cameron gold project to First Mining Finance in 2016 for 32.3 million shares in First Mining, Chalice has now sold 25 million shares for proceeds of $21.3-million.
Chalice continues to hold 7.3 million shares in First Mining Finance which have a current market value of $4.4-million (Australian).
As a result of the above-mentioned transactions Chalice will have cash at bank of approximately $49-million (Australian).
Chalice continues to seek quality resource projects internationally through direct ownership. The company is also concurrently advancing several exciting exploration projects which will include significant drilling programs at the East Cadillac gold project in the world-class Abitibi province in Quebec, Canada, and the untouched potential of the Latitude Hill nickel project in the Musgrave province of Western Australia.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aCXN-2466623&symbol=CXN®ion=C