Chalice Gold Mines Limited - Press Release

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. 
Quarterly Highlights 


    --  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
        Bisha Mine.
    --  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
        drilling.
    --  Ground and down-hole EM underway to outline the extent of
        mineralisation and to assist in vectoring in on higher grade
        zones.
    --  Drilling at Mogoraib River set to commence in late February
        2013.
    --  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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