Chalice Minings' Gonneville intrusion at Julimar Nickel-Copper-PGE Project continues to take shape as world-class, strategic deposit
- Chalice Mining further enhances Julimar with new high-grade zone discovered
- Chalice Mining develops strategy and work program for FY22 with Gonneville studies to be advanced
- Chalice Mining says Julimar footprint getting bigger and bigger as it works towards maiden resource
Quick facts: Chalice Mining Ltd
Price: 7.17 AUD
Market Cap: $2.54 billion
About the company
Chalice Mining Ltd (ASX:CHN) has a portfolio of district-scale, precious and base metal projects in premier terranes of Australia and is credited for making a globally significant, high-grade platinum group elements-nickel-copper-cobalt-gold discovery at the Julimar Project near Perth in Western Australia.
The company’s portfolio also has generative exploration opportunities, including the more than 5,000 square kilometres Pyramid Hill Gold Project in Victoria and the 1800 square kilometres Hawkstone Nickel-Copper-Cobalt project in Western Australia.
Chalice’s strategy is to make tier-1 scale discoveries valued at more than US$1 billion in new mineral provinces.
How it is doing
Chalice Mining Ltd (ASX:CHN, OTCQB:CGMLF) has received high-grade drilling results from its Julimar Nickel-Copper-Platinum Group Element (PGE) Project situated 70 kilometres north-east of Perth in Western Australia.
Significant new high-grade step out results include:
The company’s recent drilling has defined a twelfth high-grade zone (G12), extended the G8-G9 high-grade zones significantly to the northeast and extended the G2 zone down-plunge.
In addition, Chalice’s step-out and resource definition drill program at the Gonneville Intrusion is continuing, with over 136,000 metres of drilling completed to date and a significant number of assay results pending.
This follows a strategic review of the portfolio which concluded that a demerger of gold projects including the district-scale, 100%-owned Pyramid Hill Project in Victoria and Viking Project in Western Australia, is the optimal structure to maximise value for its shareholders.
Chalice Mining Ltd (ASX:CHN) (OTCMKTS:CGMLF) continues to grow the resource potential at its flagship Julimar Project, where an intensive drilling program has defined continuous, high-grade nickel-copper-cobalt-gold-platinum group element (PGE) zones.
Seven drill rigs are on site, executing a 160,000-metre step-out and resource definition program across Julimar’s multi-element Gonneville Intrusion in Western Australia.
Insight: Chalice Mining develops strategy and work program for FY22 with Gonneville...
Chalice Mining Ltd (ASX:CHN, OTCQB:CGMLF) has drawn up its strategy and work program for the financial year 2022, with special focus on the Gonneville Intrusion, which is taking shape as a strategic deposit of critical minerals.
The company is planning to advance the Gonneville studies as quickly as possible, in parallel with initial exploration along the Julimar Complex and across the new West Yilgarn Nickel-Copper-PGE Province in Western Australia.
What management says
Chalice Mining Ltd's (ASX:CHN) (OTCQB:CGMLF) Alex Dorsch tells Proactive's Andrew Scott they're continuing to expand the footprint of its Julimar PGE-nickel-copper discovery near Perth, Western Australia, with strong new results from ongoing exploration. Seven rigs, three reverse circulation (RC) and four diamond, are continuing a 160,000-metre step-out and resource definition drill program at the large Gonneville intrusion.
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