Chalice discovers copper-gold mineralization at Warrego North Project, NT

Highlights

• Tennant Creek-style IOCG mineralization confirmed at the Parakeet prospect, with maiden drill hole WND17-001 returning an intercept of 8m at 1.74% Cu and 0.42g/t Au from 249m down-hole.
  
• Associated stringer (vein)-style mineralization and pervasive chlorite + sericite alteration adjacent to the main intercept suggests the presence of a potentially extensive hydrothermal system.
  
• A follow-up ground Induced Polarisation (IP) survey is planned to systematically test for potential extensions to the known copper-gold mineralization and to test the broader Parakeet magnetic/gravity anomaly for additional mineralised magnetite ironstone bodies.
  
• Additional untested robust chargeability anomaly lies ~300m north of WND17-001.

PERTH , Western Australia , June 16, 2017 /CNW/ - Chalice Gold Mines Limited ("Chalice" or the "Company") (CHN.AX) (CXN.TO) is pleased to advise that assay results from its maiden drilling program at the Warrego North Project in the Northern Territory have confirmed the presence of potentially significant Tennant Creek-style IOCG mineralization at the Parakeet geophysical prospect.

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