Chalice Gold Mines - September 2015 Quarterly Report and Cashflows
![Chalice Gold Mines - September 2015 Quarterly Report and Cashflows](https://www.minenportal.de/media/goldseiten-news.jpg)
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
- Re-logging of 771 diamond drill holes (102,000m of drilling) completed across the existing Cameron deposit at Chalice's 100%-owned Cameron Gold Project in Ontario, Canada with an additional 30,000 samples to be added to a new resource model.
- New geology model (lithology, alteration and shearing) under construction with an updated mineral resource estimate on track to be finalised in Q4 2015.
- Rock chip litho-geochemistry completed across entire land holding at Cameron, with 12 near-mine targets trenched, mapped and sampled.
- Maiden mineral resource estimate nearing completion for the Croteau Est prospect, part of the joint venture with Northern Superior Resources following infill and exploration drilling during the Quarter.
- Chalice continues to target additional high-potential opportunities in the region and elsewhere.
- Chalice's balance sheet remains strong with cash of ~A$40.6M at September 30, 2015 with a further US$2M deferred consideration becoming due and receivable from the sale of the Zara Project in ~late 2015.
Shares outstanding: 282 million
Fully diluted: 287 million
Contact
please contact:
Tim Goyder, Managing Director
Richard Hacker, CFO
Chalice Gold Mines Ltd.
Telephone +61 9322 3960
For media inquiries, please contact:
Nicholas Read, Read Corporate
Telephone: +618 9388 1474