XAO 0.77% 8,633.1 all ordinaries

Short Term Trading Week Starting: 25 Feb, page-77

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    STTCOMP CHN FA LONG

    Gold
    Mkt cap-41mill
    Cash-22mill+
    SP-15.5c

    http://www.chalicegold.com/

    Two major Gold projects

    Pyramid Hill Gold Project, Victoria (100%)
    • District-scale 4,500km2 land holding in the highly prospective and reinvigorated Bendigo gold district.
    • Located NW of the >22Moz Bendigo Goldfield and NW of the >7Moz Fosterville Gold Mine, (owned by Kirkland Lake Gold - NYSE / TSX: KL | ASX: KLA). The mine is one of the world's highest-grade gold mines and is currenlty the largest gold producer in Victoria.

    East Cadillac Gold Project, Quebec (70-100%)
    • 245km2 area covering 27km of strike along the Larder Lake-Cadillac Fault, the most prolific gold trend in the southern Abitibi, with proven endowment of c.100 million ounces.
    • The Project is on strike with several significant gold mines, including Agnico Eagle's - LaRonde (c.12Moz @ ~5g/t), Eldorado's - Sigma Lamaque (c.11Moz @ ~ 7g/t), Canadian Malartic (c. 16Moz @ ~1.1g/t) and Agnico Eagle's - Goldex (c.5Moz @ ~1.7g/t).
    • Maiden 27,600m diamond drill program completed in 2018, resulting in 3 new gold discoveries.
    • Second phase of drilling scheduled for early 2019.
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