Make Kitco Your Homepage

Chalice Mining advances maiden resource

Kitco News

Chalice Mining said today its step-out and resource definition drilling at the ~1.6km x >0.8km Gonneville Intrusion continues to expand the Julimar PGE-Ni-Cu-Co-Au discovery.

The Julimar Nickel-Copper-PGE Project was staked in early 2018 and is located ~70km north-east of Perth on private farmland and State Forest.

The company said high-grade G1-G5 zones extended and six new high-grade PGE +/- Ni-Cu-Co-Au zones (G6-G11)
defined over the quarter.

Some drill highlights include the following:

  • 50m @ 1.8g/t Pd, 0.5g/t Pt, 0.9g/t Au, 0.2% Ni, 1.1% Cu, 0.02% Co from 112m (JRC089, G4).
    39m @ 3.8g/t
  • Pd, 0.6g/t Pt, 0.3% Ni, 0.2% Cu, 0.02% Co from 290m (JD023, G1-G2).

Chalice’s Managing Director, Alex Dorsch, said: “The significant achievements of the December quarter capped what was an extraordinary year for Chalice in 2020. We continued to enjoy drilling success at Julimar, allowing us to substantially expand the high-grade footprint of the Gonneville discovery, completed a strongly supported $115 million capital raising, and secured access to explore major new targets along strike to the north of Gonneville.

“With six rigs drilling currently and more rigs mobilising shortly, we are on track to meet our mid-2021 guidance for a maiden Mineral Resource for Gonneville and continue to prioritise the growth of the highgrade mineralised zones with step-out drilling.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.