chalice hits massive...

http://www.minenportal.de/artikel.php?sid=71909&lang=en
Extract

PERTH, Western Australia, Oct. 31, 2012 /CNW/ - Chalice Gold Mines Limited (ASX: CHN; TSX: CXN) is pleased to advise that it has intersected a zone of massive pyritic sulphides with significant copper and zinc values in drilling at its Mogoraib North Project in Eritrea, East Africa (Chalice - 60%; Eritrean National Mining Corporation (ENAMCO) - 40%).

Diamond drill hole MOGD-00021, part of a regional drilling program targeting potential Volcanic Hosted Massive Sulphide ("VHMS") systems similar to the world-class Bisha Mine (Nevsun 60%: ENAMCO 40%) located 15km to the south, has intersected a 10 metre interval of massive pyritic sulphides within a broader 41 metre wide zone of stringer and disseminated sulphides (Figure 3).

http://chalicegold.com/Projects
"This is an exciting moment for the Company. We applied for the Mogoraib North tenement on the basis of strong geological rational that alluvium covered areas to the north of Bisha should be prospective for VHMS mineralisation. The intersection in MOGD-00021 validates this belief and we look forward to undertaking further drilling to determine the extent of mineralisation and economic potential of this newly discovered zone."
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Shows again what the potential is again in the Arabian Nubian shield in Eritrea and elsewhere.

Maybe if the Eritreans came out and promise they will not force a handover to the Chinese at a knockdown rate this time, they can attract many more mining outfits to the country.

They should be laying out the red carpet to western mining firms if they have any sense.