Precious Metals

Chalice Gold Mines (TSX:CXN; ASX:CHN)  is pleased to announce an updated mineral resource estimate comprising  indicated mineral resources of 225,000t @ 4.17g/t Au for 30,200oz Au contained and an inferred mineral resource of approximately 1,112,000t @ 4.09g/t Au for 146,300oz Au contained within the Nordeau West gold deposit, which forms part of Chalice’s East Cadillac …

Chalice Gold Mines (TSX:CXN; ASX:CHN)  is pleased to announce an updated mineral resource estimate comprising  indicated mineral resources of 225,000t @ 4.17g/t Au for 30,200oz Au contained and an inferred mineral resource of approximately 1,112,000t @ 4.09g/t Au for 146,300oz Au contained within the Nordeau West gold deposit, which forms part of Chalice’s East Cadillac Gold Project in Quebec, Canada.
As quoted in the press release:

Chalice’s Managing Director, Tim Goyder, said: “The updated resource for the Nordeau West deposit provides our team with an excellent foundation to unlock the value in our newly consolidated land package in the southern Abitibi gold province. A comprehensive field program will commence shortly including high-resolution geophysics, surface geochemistry and diamond drilling, with an initial program of drilling to test immediate strike extensions of the Nordeau West deposit itself.
“Future drilling will be designed to test a combination of targets, including the down-plunge extension of the Nordeau West deposit, where only a few historic holes extend more than 600m below surface. Similar potential is envisioned for the Nordeau East zone, located approximately 1km along strike to the east, and elsewhere along the remaining 16km prospective strike length within the property, where the majority of drilling to date has been within ~250m of surface.
“We are very optimistic about the potential of this relatively underexplored segment of the Larder Lake-Cadillac fault and look forward to commencing the upcoming exploration program.”

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