Chalice: Building an African Gold Mining Powerhouse PDF Print...

Chalice: Building an African Gold Mining Powerhouse PDF Print E-mail
Friday, 30 July 2010 02:12

* Creating shareholder wealth through exploration and production:
o Focused on East Africa, Listed on ASX (CHN), Listing on TSX (August 2010)
* 100% owned Zara Gold Project, Eritrea (subject to gov?t project participation rights):
o High-grade Ore Reserves of 760,000oz @ 5.1g/t: Koka Deposit
o Forecast production of 104,000oz pa @ US$338/oz cash operating costs
o Outstanding near-mine exploration upside in 6km long Koka-Konate corridor
o Recent BLEG results define new gold targets over 10 km of strike
* Feasibility Study completed July 2010: targeting mine development 2011
* World-class exploration upside:
o Koka-Konate gold system
o Extensive land position in emerging Arabian-Nubian Shield
o ? Regional exploration applications made over 24,000 sq km
* Poised for production, delivering growth through exploration