Chalice Mining (ASX:CHN) - Managing Director, Alex Dorsch
Managing Director, Alex Dorsch
Source: Hot Copper
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Chalice Gold Mines’ (CHN) second diamond drill has confirmed geological modelling of the Gonneville intrusive at its Julimar Nickel-Copper-PGE Project
  • The discovery hole intersected the same high-grade nickel-copper-platinum group element zone as was intersected in the first diamond drill hole
  • Further, the hole demonstrated that the mineralisation at Gonneville is extensive and dipping steeply to the west
  • Assay results for the first two diamond drill holes are pending
  • Shares in Chalice Gold are yet to trade this morning but last closed at $1.23 per share

Chalice Gold Mines’ (CHN) second diamond drill has further confirmed geological modelling of the Gonneville intrusive at Julimar. This Nickel-Copper-PGE Project is located 70 kilometres northeast of Perth in Western Australia.

The discovery hole JD002 was drilled as a scissor hole to the first diamond drill hole, JD001, and intersected the same high-grade nickel-copper-platinum group element zone.

JD002 was drilled on a low angle with the objective of interpreting the dip of the mineralised zone and, hence, to confirm the accuracy of DHEM modelling and the geological interpretation.

The diamond drill hole intersected massive and matrix sulphides, thus confirming the mineralised zone is extensive and dipping steeply to the west.

Assay results for the first two diamond drill holes are pending. Geological logging of JD001, however, has already been completed.

The diamond drill rig will continue testing DHEM targets Julimar, while reverse circulation drilling at the project will continue to step-out around known zones of mineralisation.

Shares in Chalice Gold are yet to trade this morning but last closed at $1.23 per share.

CHN by the numbers
More From The Market Herald
The Market Herald Video

" Parabellum Resources (ASX:PBL) eyes $3.9m for Khotgor project, Mongolia

Parabellum Resources (ASX:PBL) taps investors for $3.9 million to fund its work program in both Mongolia…
The Market Herald Video

" Miramar Resources (ASX:M2R) kicks of first phase drilling at Whaleshark, WA

Miramar Resources (ASX:M2R) kicks off aircore drilling at its Whaleshark copper-gold project in Western Australia.
The Market Herald Video

" Vanadium Resources (ASX:VR8) to acquire industrial site to locate salt roast facility

Vanadium Resources (ASX:VR8) is set to acquire a 135-hectare industrial site to become its proposed salt…
Kin Mining (ASX:KIN) Managing Director Andrew Munckton. Source: Kin Mining

" Kin Mining (ASX:KIN) eyes $20.4m to advance Cardinia project, WA

Kin Mining (ASX:KIN) eyes $20.4 million to advance its Cardinia project in Western Australia's Goldfields-Esperance region.