More promising results for Chalice
Chalice Gold Mines has continued to reveal more encouraging drill results from the Gonneville nickel discovery at its Julimar project 70km north-east of Perth (reports The West Australian)
8th May 2020
Resources Rising Stars
Chalice Gold Mines has continued to reveal more encouraging drill results from the Gonneville nickel discovery at its Julimar project 70km north-east of Perth (reports The West Australian).
The explorer reported today it had intersected significant intervals of matrix and disseminated sulphides to a depth of 460m from a diamond drill hole 190m north of its original discovery hole.
Chalice said it interpreted that the mineralisation intersected in the diamond hole represented the down-plunge extension of the matrix sulphide zone intersected at another RC hole to the east of the discovery hole.
The explorer will continue drilling its third diamond hole to the lower contact of the Gonneville intrusive, which it interpreted to be about 530m down-hole.
Its RC dril program has been suspended to allow a SQUID electromagnetic survey to be completed.
Chalice said assays were pending for four RC holes, three diamond holes as well those for platinum-group elements in holes already released.
Managing director Alex Dorsch said Chalice’s diamond drilling program was continuing to vector towards high-grade zones and the company was hopeful the current SQUID EM survey would assist with targeting.
“A large RC drill program is planned to commence in the coming weeks to fully test the extent of PGE mineralisation within the Gonneville intrusive,” he said.
Shares in Chalice have been on a tear since mid-March when it announced a high-grade nickel-copper-palladium discovery at Julimar near Toodyay.
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