hmmm

I picked this up from the prospectus... $600 for gold by the end of the week is the forecast. Does anyone have an opinion on Berlin wanting exposure to this stock! What will the impact be on the sp..???

Chalice Gold Mines has been established to create a dynamic gold exploration and
development business. Completion of the Initial Public Offering will achieve a fi nal condition for
the acquisition by Chalice Gold Mines of an exciting portfolio of gold exploration properties in
both new and emerging Western Australian gold camps.
The funds raised from this prospectus will be applied to an intensive, drilling focused exploration
program, commencing with a number of previously delineated targets that are considered to
warrant RC/diamond drilling programs.
In particular:
Eastern Goldfi elds
• A major focus will be at Higginsville, south of Kalgoorlie where Chalice Gold Mines’
interests will comprise approximately 150 square kilometres of tenements, adjacent to
Avoca Resources Limited’s tenements (host to the high grade Trident discovery, reported
at 485,000 ounces of indicated and inferred resources at 5.0 g/t gold).
Chalice Gold Mines has identifi ed 24 target areas at Higginsville, 6 of which are
considered to warrant RC/diamond drilling. We plan to test these targets within the fi rst
year of ASX listing.
• Further opportunity lies at the Chalice Gold Mine and its strike extensions, which already
host a 163,000 ounce JORC compliant gold resource (details of which are set out in
Table 4 in Section 3 of this Prospectus).
Within approximately 170 square kilometres of Chalice tenements, located approximately
20 kilometres to the west of Higginsville, the Company has highlighted 2 targets which
warrant RC/diamond drilling (at Chalice Deeps and Minsys 4) out of 25 targets that
warrant follow-up work.
With the Chalice Gold Mine having previously produced over 556,000 ounces of gold from
1995-1999, these targets will also be a key focus within the fi rst year of listing.
West Pilbara, Murchison
• Chalice Gold Mines offers further discovery potential from its extensive ground position
at Yandeearra in the West Pilbara, as well as at Gnaweeda in the Murchison (where Teck
Cominco have recently agreed a $1,500,000 70% earn-in joint venture) and at Wilga, south
of Laverton.
We are looking forward to the commencement of exploration and expect to be one of
the most active gold exploration companies in the Eastern Goldfi elds region. Indeed, in the
fi rst year of ASX listing Chalice Gold Mines plans to undertake in excess of 31,000 metres of
exploration drilling.
I look forward to welcoming you as a Shareholder of Chalice Gold Mines Limited and
participating together in an active exploration program in some of Australia’s most exciting
gold provinces.