Chalice Gold Mines - Press Release
![Chalice Gold Mines - Press Release](https://www.minenportal.de/media/goldseiten-news.jpg)
Quarterly Highlights
- Chalice agrees to sell its remaining 60 percent interest in the Zara Gold Project (Eritrea, East Africa) for up to US$100M to China SFECO Group.
- Terms of the sale of a 30 percent interest to the Eritrean National Mining Corporation have been varied to align completion of the transaction to the SFECO sale transaction.
- Chalice to focus its exploration efforts at the Mogoraib North VMS project, 10km north of the Bisha Mine.
- 5,000m drill program to commence at Mogoraib North shortly to test multiple bedrock conductor targets.
- The Koka Mining Licence was granted.
- Further high-grade results were received from drilling at Koka South.
For further information:
For further information, please contact:
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