| Chalice Gold Mines Limited - JUNE 2014 Quarterly Report and Cashflows | |
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Symbol: ASX: CHN TSX: CXNShares outstanding: 287 millionFully diluted: 291 million
PERTH , Western Australia , July 30, 2014 /CNW/ - Chalice Gold Mines ("The Company") ASX:CHN TSX:CXN advises that its Activity and Cash Flow Reports for the quarter ended June 30, 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.
Quarterly Highlights
- Chalice successfully renegotiates the existing option agreement over the Dubenski gold deposit, located near the Cameron Gold Project, for C$700,000 plus an additional payment for incremental ounces mined above the first 70,000 ounces.
- Drilling at Cameron intersects good grades over relatively narrow widths at the Juno, Jupiter and Ajax prospects, confirming that mineralised structures with 'Cameron-style' alteration and gold mineralisation extend through the targeted areas.
- Diamond drilling is planned at Cameron to follow up targets generated from further MMI soil geochemistry and geophysical surveys with drilling likely to commence late in the September Quarter.
- GeoCrystal is scheduled to start RC drilling at the Webb Diamond Project in early August 2014 .
- Chalice's balance sheet remains strong with cash of A$44M at 30 June 2014 .
SOURCE Chalice Gold Mines Limited
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Chalice Gold
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DEVELOPMENT STAGE |
CODE : CHN.AX |
ISIN : AU000000CHN7 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Chalice is a gold development stage company based in Australia. Its main asset in development is KOKA (ZARA GOLD) in Eritrea and its main exploration properties are WILGA, YANDEEARRA and GNAWEEDA in Australia. Chalice is listed in Australia. Its market capitalisation is AU$ 324.5 millions as of today (US$ 218.2 millions, € 196.9 millions). Its stock quote reached its lowest recent point on December 19, 2014 at AU$ 0.10, and its highest recent level on November 12, 2021 at AU$ 9.95. Chalice has 261 680 000 shares outstanding. |