CHN – Chalice Mining | Aussie Stock Forums

Chalice bears the rare honour among explorers of returning $36m to shareholders, after $107m of asset divestments (most recently the $12m cash and scrip sale of its Canadian prospects).

The still cashed-up Chalice’s efforts are focused on its “highly prospective but essentially unexplored” Pyramid Hill project, in the northern part of the Bendigo zone. Not surprisingly, the company is targeting a “Fosterville-style” discovery of five million ounces-plus.

The company is part way through a 25,000m air core drilling program — followed by a diamond drilling program — that will determine how many ounces the old timers left behind.

But with a Victorian government survey suggesting a 32 million ounce undiscovered “gold endowment” in the northern Bendigo zone, the company won’t die wondering.

Chalice is also doing early-stage stuff at its King Leopold nickel sulphate project in WA’s Kimberley region, in an area where Buxton Resources and Independence Group also have been sniffing around.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2019 Billionaire Club Co LLC. All rights reserved

Loading the chat ...