Chalice Gold Announces its First Drill Program at Croteau Est to Begin in Mid-June

Chalice Gold Mines (TSX:CXN,ASX:CHN) announced that its first diamond drill program at the Croteau Est gold property in Quebec is set to commence by mid-June following its recently announced joint venture deal.

As quoted in the press release:

The Croteau Est Project (Chalice earning 65 percent) includes a coherent, well defined zone of plus 1 g/t Au mineralisation at the Croteau Bouchard Shear Zone (“CBSZ”) as well as several extensive, highly prospective geological trends with outstanding gold geochemical anomalies. The program will initially comprise a 12-hole, ~2,200m diamond drilling program to in-fill gaps within the currently defined (CBSZ) structural corridor (Figure 1) where a total of 44 diamond drill-holes have been previously completed.

This is expected to pave the way for a maiden 43-101/JORC standard resource estimate for the CBSZ, with all data to be submitted to an independent resource consultant for construction of a wireframe model.

In addition to the in-fill drilling program, a further 48 shallow Reverse Circulation (RC) holes will be completed in the vicinity of the CBSZ (Figure 2). Results from this RC drilling program should provide further information on the potential for mineralisation within the Croteau Fault and its inferred association with the CBSZ, and to provide targets for future diamond drilling.

Click here to read the full Chalice Gold Mines (TSX:CXN,ASX:CHN) press release.