| 21/09/2016 - Clarification Announcement | |
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ASX ANNOUNCEMENT 21 SEPTEMBER 2016
CLARIFICATION ANNOUNCEMENT
Further to the ASX announcement dated 20 September 2016, titled "Chalice and Red Hill to explore highly prospective WA gold exploration opportunity through farm-in agreement over West Pilbara Gold Project", please see below drill hole results for the Urandy gold prospect in accordance with ASX Listing Rule 5.7.2.
Hole Id
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Prospect
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MGA
East
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MGA
North
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Dip
|
Azimuth
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Depth (m)
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Significant (0.2 g/t) Gold Results
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From (m)
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To (m)
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Interval (m)
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Grade (g/t)
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RCW004
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Urandy
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423504
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7537754
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-60
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90
|
80
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No significant assays
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RCW005
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Urandy
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423450
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7537750
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-60
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90
|
100
|
15
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20
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5
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0.15
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RCW006
|
Urandy
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423473
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7537701
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-60
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90
|
100
|
14
|
23
|
9
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1.79
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RCW007
|
Urandy
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423425
|
7537703
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-60
|
90
|
95
|
46
|
55
|
9
|
4.52
|
RCW008
|
Urandy
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423497
|
7537659
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-60
|
90
|
100
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No significant assays
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RCW009
|
Urandy
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423448
|
7537654
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-60
|
90
|
85
|
41
|
45
|
4
|
0.80
|
RCW010
|
Urandy
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423520
|
7537600
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-60
|
90
|
70
|
23
|
25
|
2
|
0.82
|
RCW011
|
Urandy
|
423550
|
7537494
|
-60
|
90
|
75
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No significant assays
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RCW012
|
Urandy
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423503
|
7537503
|
-60
|
90
|
100
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No significant assays
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RCW013
|
Urandy
|
423458
|
7537484
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-60
|
90
|
105
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No significant assays
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RCW014
|
Urandy
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423476
|
7537597
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-60
|
90
|
90
|
40
|
45
|
5
|
0.27
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RCW015
|
Urandy
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423426
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7537602
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-60
|
90
|
100
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No significant assays
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RCW016
|
Urandy
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423325
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7537702
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-60
|
90
|
200
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No significant assays
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RCW017
|
Urandy
|
423294
|
7537751
|
-60
|
90
|
130
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No significant assays
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RCW018
|
Urandy
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423325
|
7537648
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-60
|
90
|
185
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No significant assays
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RCW019
|
Urandy
|
423348
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7537600
|
-60
|
90
|
165
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No significant assays
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RCW020
|
Urandy
|
423388
|
7537752
|
-60
|
90
|
100
|
53
|
57
|
4
|
0.28
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TIM GOYDER NEIL TOMKINSON
Managing Director Chairman
Chalice Gold Mines Limited Red Hill Iron Limited
For further information, please contact: Tim Goyder, Managing Director
Chalice Gold Mines Limited Telephone +618 9322 3960
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For further information, please contact: Neil Tomkinson, Chairman
Red Hill Iron Limited Telephone +618 9481 8627
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Competent Persons and Qualifying Persons Statement
The information in this report that relates to Exploration Results in relation to the West Pilbara Gold Project is based on information compiled by Dr Kevin Frost BSc (Hons), PhD, who is a Member of the Australian Institute of Geoscientists. Dr Frost is a full-time employee of the company and has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and is a Qualified Person under National Instrument 43-101 - 'Standards of Disclosure for Mineral Projects'. The Qualified Person has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in this release. Dr Frost consents to the release of information in the form and context in which it appears here.
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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. |