(i have a position in Gippsland but not in Chalice)
From Gippsland prospectus.
Eritrea
"The Company has applied for three prospecting licences in the northern part of Eritrea in an area in which a number of base metal and gold deposits have recently been discovered including the Bisha VMS deposit located in south-western Eritrea and the Zara gold project located immediately to the south of the three application areas. The Company is currently in negotiations seeking to joint venture the project to an ASX listed exploration company with activities in Eritrea."
put in page 23 in the bottom of pdf document as there is a error you may hit otherwise.
http://www.asx.com.au/asxpdf/20090828/pdf/31kdq7bpgxg0bp.pdf
Does a deal of some kind make sense to people here this bit has information on original licences application.
http://www.gippslandltd.com/announcements/documents/ASX-LSE%20080822%20Project%20Corporate%20Update.pdf
Have my own view of course but would be interested in any views here am a bit surprised their are not more posts here considering this could be another Centamin one day!
Robert
(i have a position in Gippsland but not in Chalice)From...
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