| Chalice announces A$7.5M exploration program in Canada and Australia to advance high priority drill targets | |
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Symbol: ASX: CHN TSX: CXN Shares outstanding: 261 million Fully diluted: 272 million Highlights - A$7.5 million budget, including >22,000m drilling, planned on five high-potential gold and base metals projects across five projects in Canada and Australia in FY 2018.
- A$5 million allocated to aggressive exploration at the East Cadillac and Kinebik gold projects, hosted in the prolific Abitibi Greenstone Belt, Quebec, Canada :
- A$2.5M allocated across multiple high-potential projects in Australia :
- Chalice can rapidly escalate exploration activities based on success with cash and liquid investments of A$53M .
PERTH , Western Australia , July 4, 2017 /CNW/ - Chalice Gold Mines Limited ("Chalice" or "the Company") (CHN.AX) (CXN.TO) today announced a FY 2018 A$7.5 million exploration initiative to advance its high priority gold and base metals targets in its current property portfolio (Table 1 and Figure 1). Chalice's exploration strategy has focused on acquiring exposure to projects, either through direct ownership or joint venture, hosted in terranes with outstanding metal endowment that also have the key geological features to host Tier 1 deposits. These include the East Cadillac Gold Project in the prolific Abitibi gold district in Quebec, Canada ; the Warrego North Iron Oxide Copper Gold project in the Tennant Creek gold ± copper mineral field of the Northern Territory, the Latitude Hill nickel project and the gold and base metals districts of the West Pilbara in Western Australia (Figure 1). View original content with multimedia: http://www.newswire.ca/en/releases/archive/July2017/04/c5549.html |
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Globex Mining Enterprises Inc.
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DEVELOPMENT STAGE |
CODE : GMX.TO |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Globex Mining is a zinc and copper exploration company based in Canada. Globex Mining holds various exploration projects in Canada. Its main asset in development is FABIE BAY in Canada and its main exploration properties are BATEMAN BAY, LYNDHURST, POIRIER MINE, RAMP (MAUDE LAKE), MOOSELAND, PACAUD, BEAUCHASTEL-ROUYN, SUFFIELD MINE, VULCAN (GOLD DIKE) - GLOBEX, WEMINDJI, GRAND CALUMET, HUNTERS POINT, GRANDROY, LEIPSIGATE, DELORO, GAYHURST, FISH LAKE, BUCKELL LAKE, MAGNESIUM-TALC, TUT ZONE, FONTANA GOLD PROJECT, EAGLE GOLD PROPERTY, ARNTFIELD, COURVILLE PROJECT, LAKE SIMON, TRANSTERRE, WRIGHTBAR GOLD PROPERTY, TONNANCOUR, LA MOTTE, VICTORIA GOLD PROJECT, SMITH-ZULAPA, HALLIWELL & BM PROPERTIES, LAGUERRE-KNUTSON-RAVEN RIVER, DUPRAT, BLACKCLIFF, DUVAY ZONE, BELL MOUNTAIN, PARBEC, NORDEAU GOLD, RUSSIAN KID (EL COCO), FABIE BAY AND MAGUSI RIVER, GETTY DEPOSIT, WOOD - PANDORA, AUTHIER, CENTRAL CADILLAC, JACOBIE and LAMY MICA in Canada. Globex Mining is listed in Canada and in Germany. Its market capitalisation is CA$ 48.4 millions as of today (US$ 35.5 millions, € 32.9 millions). Its stock quote reached its lowest recent point on January 07, 2000 at CA$ 0.09, and its highest recent level on December 15, 2006 at CA$ 7.76. Globex Mining has 48 900 000 shares outstanding. |