Chalice disposes of residual interest in the Gnaweeda Gold Project
Symbol: ASX: CHN TSX: CXN
Shares outstanding: 250 million
Fully diluted: 258 million
PERTH, Western Australia, June 13, 2012 /CNW/ - Chalice Gold Mines Limited ("the Company") (ASX:CHN) (TSX:CXN) advises that it has sold its remaining 13.5% interest in the Gnaweeda Gold Project to Archean Star Resources Inc.
The consideration for the sale is 5 million common shares in Archean Star which is listed on the TSX Venture Exchange (TSX-V).
The agreement is subject to the approval of TSX-V.
TIM GOYDER
Executive Chairman
SOURCE Chalice Gold Mines Limited
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