ASX: High-priority target areas defined at Pyramid Hill Project, page-39

Must be getting close to at least some results. There's a lot
of drillin' goin' on.
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• Phase 1 reconnaissance aircore drill programme continuing within the Muckleford Area at the 100%owned Pyramid Hill Gold Project.• Several areas of highly anomalous gold and pathfinder elements identified on wide-spaced drill lines,outlining several high-priority zones of interest for immediate follow-up A highly anomalous arsenic interval (6m at >6,000ppm As) at the East Target, interpreted to liedirectly along strike from the 22Moz Bendigo Goldfield; ando Numerous anomalous gold and arsenic intervals along a >30km gravity trend at the WestTarget, corresponding with the eastern margin of a Devonian granite.• 19,500m drilled on the Project to date, with assays now received for ~17,430m.• Based on the continued success of the initial drilling utilising the highly cost-effective multi-purposeAC/RC rig, the Phase 1 drill programme has been further expanded to ~35,000m.• 4,000m Phase 1 reconnaissance aircore drill programme to commence within the Mt William Area(north-east of Kirkland Lake Gold’s >8Moz high-grade Fosterville Gold Mine) in late March with asecond rig.• Concurrent drilling at Mt William will open up a second front for gold exploration at Pyramid Hill.• Kirkland Lake Gold’s recent mineral reserve upgrade and 2019 production and cost guidance for itsFosterville mine has continued to draw global attention to the region.• Chalice positioned well in this exciting region with ~4,500km2 of Exploration Licences and applicationsin three districts (Muckleford, Mt William and Percydale), all 100%-owned.• Chalice has ability to continue its aggressive exploration programme with a strong cash balance of~A$21 million at 31 December 18.