Chalice Gold Mines Limited (CXN.TO) has intersected a zone of massive
pyritic sulphides with significant copper and zinc values in drilling
at its Mogoraib North Project in Eritrea, East Africa (Chalice - 60%;
Eritrean National Mining Corporation (ENAMCO) - 40%).
Diamond drill hole MOGD-00021, part of a regional drilling program
targeting potential Volcanic Hosted Massive Sulphide systems, has
intersected a 10 metre interval of massive pyritic sulphides within a
broader 41 metre wide zone of stringer and disseminated sulphides.
Chalice said the massive sulphides are hosted by a sequence of
altered mafic rhyolitic and andesitic volcanics and contain visually
identified chalcopyrite (copper iron sulphide) and sphalerite (zinc
sulphide). Systematic Niton-XRF readings on 10 cm centres along the
section 145.3m to 155.5m (10.2m interval) averaged 1.07% copper and
2.25% zinc.
Chalice hit a high of 29 cents earlier
Read more:
http://community.nasdaq.com/News/2012-10/chalice-
intersects-massive-sulphides-at-mogoraib-north-shares-rise-6.aspx?
storyid=185924#ixzz2Avw6Hoaq
Received on Wed Oct 31 2012 - 22:23:22 EDT
