Symbol: ASX: CHN TSX: CXN
Shares outstanding: 250 million
Fully diluted:255 million
PERTH, Western Australia, Jan. 24, 2013 /CNW/ - Chalice Gold Mines ("the
Company") ASX:CHN TSX:CHN advises that its Activity and Cash Flow Reports for
the quarter ended December 31, 2012 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.
-- Massive sulphide discovery at Mogoraib River prospect, within
>6km strike of prospective VMS trend, suggesting the potential
for a significant VMS system similar to the nearby world-class
-- Down-hole EM at Mogoraib River suggests that drilling to date
has only intersected the up-dip portion of a very strong
conductor that lies below and to the north of existing
-- Ground and down-hole EM underway to outline the extent of
mineralisation and to assist in vectoring in on higher grade
-- Drilling at Mogoraib River set to commence in late February
-- Chalice returns $25M to shareholders following the sale of the
Zara Project to China SFECO Group.
-- Experienced mining executive Mr Bill Bent appointed as Managing
Director to lead the Company through its next phase of growth,
commencing February 2013.
Tim Goyder, Executive Chairman Dr Doug Jones, Managing Director Chalice Gold
Mines Limited Telephone +61 9322 3960 For media inquiries, please contact:
Nicholas Read Read Corporate Telephone: +618 9388 1474
SOURCE: Chalice Gold Mines Limited
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CO: Chalice Gold Mines Limited
NI: MNG FIELD 2575 WNEWS DIV
-0- Jan/24/2013 14:53 GMT
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