Chalice Gold Mines Limited - DECEMBER 2014 Quarterly Report and Cashflows
![Chalice Gold Mines Limited - DECEMBER 2014 Quarterly Report and Cashflows](https://www.minenportal.de/media/goldseiten-news.jpg)
Quarterly Highlights
In light of increasing gold prices, Chalice has decided to commence preparation of a Preliminary Economic Assessment (PEA) for the Cameron Gold Project in Ontario, Canada.
The PEA is expected to be completed this Quarter, laying the foundations for possible feasibility studies.
Business development and exploration activities continued in Canada and North America, where Chalice is aiming to consolidate its position at the Cameron Gold Project and secure additional high-potential opportunities.
Near-mine targeting exercise completed at Cameron which will form the basis of the 2015 exploration program, aimed at increasing ounces and enhancing project economics.
Chalice's balance sheet remains strong with cash of A$42.7M at 31 December 2014.
For further information: please contact:
Tim Goyder, Managing Director
Chalice Gold Mines Limited
Telephone +61 9322 3960
For media inquiries, please contact:
Nicholas Read, Read Corporate
Telephone: +618 9388 1474