chalice and enamco reach agreement

http://www.marketwire.com/press-release/chalice-and-enamco-reach-agreement-terms-for-joint-ownership-of-the-zara-project-tsx-cxn-1527192.htm

Extracts

Chalice Gold Mines Limited (TSX:CXN)(ASX:CHN) is pleased to announce that it has reached agreement with the Eritrean National Mining Corporation ("ENAMCO") for ENAMCO's acquisition of a 30% participating interest in Chalice's Zara Gold Project in Eritrea, East Africa, paving the way for final permitting, financing and development of the Zara Gold Project.

The agreement covers the high-grade Koka Gold Deposit ("Koka"), as well as the Zara North, Central and South Exploration Licences (the "Zara Licences") but excludes the Company's 100% owned Mogoraib North and Hurum exploration licences.
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Not a holder but well done to Chalice. Should dispel fears that the Eritrean govenment would not chip in.

Robert