Chalice Gold Mines - March 2015 Quarterly Report and Cashflows
![Chalice Gold Mines - March 2015 Quarterly Report and Cashflows](https://www.minenportal.de/media/goldseiten-news.jpg)
Quarterly Highlights
- Preparation of a Preliminary Economic Assessment (PEA) continues for the Cameron Gold Project in Ontario, Canada with encouraging initial results demonstrating potential reductions in capital and operating costs.
- The PEA has been expanded to allow for cutting and assaying of previously un-sampled historical drill core. The PEA is now expected to be completed in Q3 2015 following completion of a revised Mineral Resource.
- Business development and exploration activities continued.
- 2015 field season to commence in May 2015 at Cameron aimed at increasing near-mine ounces and enhancing project economics: 10 priority near-mine exploration targets defined.
- The Company's exposure to the US$ has resulted in a year-to-date $4.8M foreign exchange gain.
- Chalice's balance sheet remains strong with cash of A$41M at 31 March 2015.
Shares outstanding: 282 million, Fully diluted: 287 million
Contact
please contact: Tim Goyder, Managing Director
Chalice Gold Mines Ltd.
Telephone +61 9322 3960
For media inquiries, please contact:
Nicholas Read, Read Corporate
Telephone: +618 9388 1474