Chalice Gold Mines - Press Release
Symbol: ASX: CHN TSX: CXN
Shares outstanding: 250 million
Fully diluted: 258 million
PERTH, Western Australia, Jan. 31, 2012 /PRNewswire/ - Chalice Gold Mines ("the Company") ASX:CHN TSX:CHN advises that its Activity and Cash Flow Reports for the quarter ended December 31, 2012 have been issued today. 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.
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
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.
SOURCE Chalice Gold Mines Limited