Chalice Gold Mines - Press Release
Symbol: ASX: CHN TSX: CXN
Shares outstanding: 250 million
Fully diluted: 258 million
PERTH, Western Australia, April 26, 2012 /PRNewswire/ - Chalice Gold Mines("the
Company") ASX:CHN TSX:CHN advises that its Activity and Cash Flow
Reports for the quarter ended March 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.
China SFECO Group completes its due diligence on the acquisition of a
60% interest in the Zara Gold Project
Terms of the sale of a 30% interest to ENAMCO have been varied to align
completion of the transaction to the SFECO transaction
On settlement of the sale of the Zara Project, Chalice will have ~US$80
million cash on hand
Chalice to focus its exploration efforts on the Mogoraib North VMS
project, 10km north of the Bisha Mine
5,000m diamond drill program to commence shortly at Mogoraib North to
test multiple bedrock conductor targets.
The Koka Mining Licences were granted
Further high-grade results received from drilling at Koka South
SOURCE Chalice Gold Mines Limited