OTCPK:CGMLF - Post by User
Post by
brandy2000on Nov 13, 2017 2:39pm
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Post# 26953340
Chalice has a lot to like cash + Pilbara
Chalice has a lot to like cash + PilbaraExpect a report on the Pilbara activites soon.
So, Chalice has entered into a number of farmin/option agreements for a wide array of resource projects.
- Warrego North through a JV with Meteoric Resources (ASX: MEI)
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West Pilbara Gold Project through a JV with Red Hill Iron (ASX: RHI) - Latitude Hill Ni-Cu-PGE Project through an earn-in with Traka Resources (ASX: TKL)
- Chimo Gold Project in Quebec, Canada through a binding option with Richmont Mines Inc. (TSX: RIC)
+ 24m shares or so of First Mining (FF:TSXV)
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- West Pilbara Gold and Base Metals Project:
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- Up to 6,500m of RC and Aircore drilling commenced in early October at the West Pilbara Gold Project, following encouraging results from copper and gold rock chip sampling
- Additional tenement applications increase total project area to 2,406km2
- Assessment of newly-secured areas underway to establish the presence of the basal conglomeratic unit of the Fortescue Group, which hosts recently reported high-profile gold discoveries in the Pilbara region, including those by Novo Resources, Artemis Resources, De Grey Mining and others
- Chalice well positioned to expand exploration activities based on success, with cash and liquid investments of A$50m at Quarter-end.