Chalice Gold Mines (ASX: CHN; TSX: CXN) is pleased to announce that its 60
per cent-owned subsidiary, Zara Mining Share Company ("ZSMC") has been
granted two Mining Licences covering the high-grade Koka Gold Mine at the
Zara Project.
The two licences, ML's 01/2012 and 02/2012, cover an area of 16.42 square
kilometres and are valid for a minimum of 18 years (see Figure 1).
DOUG JONES Managing Director
ABN 47 116 648 956
INVESTMENT HIGHLIGHTS
High grade gold open pit
Mine permitting completed
- Low cash costs of $338/oz of gold
- 7 year mine life at >100,000 oz average production per year
Large underexplored ground position in the Arabian Nubian Shield
ASX Announcement 16 January 2012 Koka Mining Licences Granted
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
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Received on Mon Jan 16 2012 - 10:12:14 EST
