Chalice Gold Mines (ASX: CHN; TSX: CXN) and Zara Mining Share Company
(Chalice 60%, ENAMCO 40%) are pleased to advise that the latest drilling
results from the emerging Koka South discovery on the Zara Project confirm
high-grade mineralisation extends below and south of previously reported
drilling.
Results have now been received for the last two holes from the 2011
campaign, with both holes returning high-grade intersections, including:
. 1m _at_ 138.65g/t gold from 185m (ZARD 237)
. 1m _at_ 56.38g/t gold from 195m (ZARD 237)
. 1m _at_ 36.97g/t gold from 199m (ZARD 237)
. 1m _at_ 16.82g/t gold from 322m (ZARD 236)
A full listing of significant intersections is appended to this
announcement.
The latest results further confirm that high-grade mineralisation at Koka
South extends to depth in the south and remains open (see Figures 1 & 2).
The widths and grades of mineralisation encountered have the potential to
provide a significant underground addition to the Koka open pit resource.
Koka South lies immediately to the south of the Koka Main deposit (Probable
Mineral Reserve of 760,000oz _at_ 5.1g/t gold). Mineralisation at Koka South
has so far been delineated over a strike length of 250 metres and remains
open to the south and at depth (See Announcement - December 22, 2011).
Drilling is scheduled to recommence later this month targeting extensions to
the Koka South deposit at depth and further to the south.
Doug Jones Managing Director
Latest drill results further confirm that mineralisation at Koka South
extends to depth and remains open
Chalice Gold Mines Limited, Level 2, 1292 Hay Street, West Perth, Western
Australia T: +618 9322 3960 F: +618 9322 5800 E: info_at_chalicegold.com
www.chalicegold.com
ABN 47 116 648 956
----[Mailing List for Eritrea Related News ]----
Received on Wed Jan 11 2012 - 10:11:20 EST
