Chalice Mining Ltd CGMLF

Chalice has a lot to like cash + Pilbara

[brandy2000]

Expect 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)
- 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)

• • West Pilbara Gold and Base Metals Project:
  • • 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.

[cigarbutts]

no arguement from me on this one.   Good insider ownership too. 

[Hollingerboy]

Bang on. One of few jr that are all cashed up in Pilbara region + great mgmt team, interested to know why someone would ditch career at Top shelf firm McKinsey and come work for a junior! Hummmm. HB