CHN 4.51% $1.39 chalice mining limited

Ann: Quarterly Activities Report and Cashflow, page-5

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  1. 1,049 Posts.
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    I think he's talking about the Warrego copper-gold project.


    From the quarterly: "The geology in all holes intersected highly magnetic dolerite intrusives with accompanying sporadic, lowtenor copper mineralisation. There were no significant gold readings.The magnetic dolerites intersected satisfactorily explain the targeted anomalies and, based on thegeology and tenor of mineralisation observed, the targets have been downgraded."

    The dolerite rocks were the reason for the drill targeting and yielded ores that were sporadic and had too low of a cut-off grade. 


    Not sure why they didn't release this to the market, they must have decided that Warrego constitutes only a small part of their project portfolio and thus it was not worth writing home about. What is probably more concerning is that they did not reply to your emails. I also tried to contact management on a separate matter to no avail - I would like to see more openness from management in this regard. 

 
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