Chalice Gold Mines Limited (ASX: CHN) – $0.115

26 May 2015

Chalice Gold Mines Limited (ASX: CHN) has scheduled its first diamond drilling program to commence in mid June 2015 at the Croteau Est Gold Project located in Quebec, Canada (Figure 1).


CHN Croteau Est Au

Figure 1. Location of Croteau Est Gold Project



The in-fill diamond drilling program will initially comprise 12 holes at approximately 2,200 metres to further define the Croteau Bouchard Shear Zone structural corridor.


The in-fill program is expected to pave the way for a maiden JORC compliant resource estimate for the Croteau Bouchard Shear Zone.


The Croteau Est Gold Project includes a well defined zone of greater than 1.0g/t gold mineralisation at the Croteau Bouchard Shear Zone as well as several extensive highly prospective geological trends with gold geochemical anomalies.


In addition to the in-fill drilling program, a further 48 shallow reverse circulation drillholes will be completed in the vicinity of the Croteau Bouchard Shear Zone.



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