PERTH, Western Australia
Symbol: ASX: CHN TSX: CXN
Shares outstanding: 287 million
Fully diluted: 292 million
, April 30, 2014
/CNW/ - Chalice Gold Mines ("The Company") ASX:CHN TSX:CXN
advises that its Activity and Cash Flow Reports for the quarter ended March 31, 2014
have been issued today. The full texts of these reports are available at the Company's website www.chalicegold.com
and under the Company's profile at www.sedar.com
•Chalice completed the acquisition of the Cameron Gold Camp Project
and Rainy River Project
in Ontario, Canada
from Coventry Resources by Plan of Arrangement for 46 million Chalice Shares.
•VTEM and aeromagnetics have been flown over the Cameron Project
to close the gaps identified in the geophysical information.
•RC till sample drilling has commenced at the Cameron Project
over the Jupiter anomaly, aimed at better definition of the anomaly and identification of potential drill targets.
•Diamond drilling will commence at prioritised drill ready targets within a 5km to 10km radius of the Cameron deposit during May, targeting potentially open pittable resources.
•An RC till sampling drilling program was completed at the Rainy River Project
during the quarter focusing on several existing priority anomalies with results expected during calendar Q2.
•Following the success of the last round of exploration at the Webb Diamond Project
in Western Australia
, Chalice has increased its stake in GeoCrystal Limited
•Chalice's balance sheet remains strong with cash of A$50M
at 31 March 2014
SOURCE Chalice Gold Mines Limited