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Bullboard - Stock Discussion Forum Chalice Mining Ltd CGMLF

Chalice Mining Limited is a mineral exploration company. The Company is engaged in the exploration and evaluation of the Gonneville Nickel-Copper-PGE Project and the exploration of projects located in the West Yilgarn region of Western Australia. The Gonneville Platinum Group Element-Nickel-Copper-Cobalt (PGE-Ni-Cu-Co) is a development project located on Chalice-owned farmland, in Western... see more

OTCPK:CGMLF - Post Discussion

Chalice Mining Ltd > Whats next: Drilling Underway
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Post by brandy2000 on Oct 05, 2017 11:28am

Whats next: Drilling Underway

Air core drilling begins to establish conglomerate thickness has begun.

So CXN is boring small dia. holes into unconsolidated ground. Hence Conglomerate beds. This method of drilling is used because the drill rigs do not need penetrate rock. They dont need to go below the base rocks. Once CXN establishes width, depth and dip there maybe news out by mid month or earlier. Visually these cores will reveal further greater details of exposed daylight areas and the overall width of them often suggested as 5 to 20 meters thick... Greater thk. than this and emense speculation will resume....

Note: This is proof that despite what others saying this is truly an area play. Clearly CXN has Conglomerate beds on the Red Hill optioned tenements.

Chalice is folowing the same discovery protocol as NOVO except they are bit a head of QH...

Comment by Charles86 on Oct 05, 2017 11:32am
What I don't undestand is the huge gap between Nono and Chalice.  Sure it's not 100% de same, but .22cent compared to 8.50$ stock?  Just remember that Novo 52weeks low is .66cents.  Even if this jumps to 2-3$ with a few encouraging news report it would be a huge gain.
Comment by brandy2000 on Oct 05, 2017 12:08pm
Chalice is not the PR machine that Novo and QH is. Plus there has been a concerted effort to keep the lid on nearology plays....
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