Chalice Gold Mines (ASX: CHN | TSX: CXN) is a well-funded junior explorer with district-scale exploration projects in Australia and Canada, including the Pyramid Hill Gold Project north of Bendigo, Victoria, and the East Cadillac Gold Project in the Val-d’Or district of Quebec.
The Company has a proven track record of success, with prudent and well-timed asset sales generating net proceeds of c. A$107 million to date. The Company is in a unique and strong financial position with c. A$36M in cash plus c. A$2.6M in liquid investments (~14.5cps).
Plans and Latest Developments:
PYRAMID HILL GOLD PROJECT, Victoria (Chalice 100%)
- ~3,080km2 land holding NW of the >22Moz Bendigo Goldfield and NE of the >7Moz Fosterville Gold Mine owned by Kirkland Lake Gold (ASX: KLA | TSX: KL)
- Multiple large-scale co-incident geochem-gravity targets have been defined in mid 2018 overlying major regional structures in areas of Murray Basin cover
- A maiden ~8,500m drill program is scheduled to commence in late October 2018
EAST CADILLAC GOLD PROJECT, Quebec (Chalice 70-100%)
- 245km2 area covering 27km of strike along the prolific Larder Lake-Cadillac Fault in the Abitibi Greenstone Belt
- On strike with several globally significant (>5Moz) gold mines, on a regional structure that has >100Moz of gold endowment
- A ~27,600m diamond drill program was completed in early 2018, resulting in 3 new gold discoveries
Why should investors invest in you?
Chalice is a unique junior explorer with a suite of high impact, district-scale gold exploration projects, all in tier-1 jurisdictions. The Company has a c. A$36M cash position and minimal Enterprise Value; meaning we are highly leveraged to exploration success.
Countries of Operation:
Australia | Canada
Copper | Gold | Nickel | Vanadium
Board of Directors:
- Tim Goyder – Executive Chairman
- Alex Dorsch – Chief Executive Officer
- Morgan Ball – Lead Independent Director
- Stephen Quin – Non-Executive Director
- Richard Hacker – Chief Financial Officer
Chalice Gold Mines (ASX: CHN / TSX: CXN) will be showcasing their mining projects to prospective investors at the International Mining and Resources Conference. Claim your complimentary investor pass.