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CHALICE MINING LIMITED — Interim / Quarterly Report 2014
Oct 27, 2014
64649_rns_2014-10-27_67f46095-8f1a-4239-80b9-e1b23f1b1aff.pdf
Interim / Quarterly Report
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ABN 47 116 648 956
ASX Announcement
September 2014 Quarterly Report
Highlights:
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Business development and exploration activities continued in Canada and North America, where Chalice is aiming to consolidate its position at the Cameron Gold Camp and secure additional high‐potential opportunities.
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Mobile Metal Ion (MMI) sampling commenced over the Cameron Project as a rapid, cost‐effective alternative to till sampling for tracking mineralised structures under transported glacial tills.
-
A program of detailed structural interpretation and data collation is currently underway over the entire Cameron Project, based on the Company’s enhanced understanding of mineralisation in the area.
-
GeoCrystal (Chalice: 24% interest) completed 6,000m of RC drilling at the Webb Diamond Project in WA; assays and results are pending.
-
Subsequent to Quarter‐end, Chalice made a number of changes to its Board and senior management team to position it for its next phase of growth and development: Company founder Tim Goyder has taken over as Managing Director and Tony Kiernan the role of Chairman.
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Chalice’s balance sheet remains strong with cash of A$43.8M at 30 September 2014.
Overview:
During the September Quarter, Chalice Gold Mines Limited (ASX: CHN, TSX: CXN – “Chalice” or “the Company”) continued both business development and exploration activities in Canada, where the Company is currently focusing on consolidating its position at the Cameron Gold Project, as well as targeting additional high‐potential opportunities in Canada and elsewhere.
To advance this strategy, the Company recently announced several changes to its Board and senior management team with Executive Chairman, Tim Goyder, replacing Bill Bent as Managing Director and Tony Kiernan assuming the role of Chairman. Dr Doug Jones has also retired from the Board. The streamlined Chalice management team is focused on advancing the Cameron Project in a concentrated and judicious manner while, at the same time, identifying and securing quality business development and growth opportunities which can add value to the Company.
At the Cameron Gold Project, Mobile Metal Ion (MMI) soil geochemistry is being undertaken to speed up the process of in‐filling geochemical data coverage over target areas and help prioritise drill targets. Over the coming months, the Company will undertake a disciplined target generation and ranking exercise to determine its next phase of exploration at Cameron.
1. Cameron Gold Project Exploration
Chalice Gold Mines acquired the Cameron Gold Project from Coventry Resources in February 2014. The Project represents an advanced exploration asset located in the highly mineralised southern part of western Ontario in Canada, approximately 80km south‐east of the town of Kenora. The Project has a number of attractive attributes, including high average grade (diluted open pit grade of 2g/t Au – Measured and Indicated Resource of 567,100oz and Inferred Resource of 830,100oz) (Table 1), low‐risk, mature mining jurisdiction with low costs, conventional metallurgy and a mid‐sized gold project that is well within Chalice’s funding and development capability.
During the June Quarter, the Company trialled Mobile Metal Ion (MMI) soil sampling over the Cameron deposit to determine if this technique might provide a rapid, cost‐effective alternative to till sampling for tracking mineralised structures under transported glacial tills.
According to published and proprietary reports, MMI has proven effective elsewhere in the Cameron district, most notably at the Dubenski deposit, which has a strong Au‐Ag‐Pd signature. The results from the 160 sample orientation survey at Cameron confirmed that the mineralised structure is strongly reflected in MMI data from surface soils by an anomalous suite comprising Au and Light Rare Earth Elements Ce, Pr, Eu, Er, and Dy, with Ni and Li reflecting bedrock lithology (mafic or felsic).
On the basis of this successful trial, MMI sampling is being extended along the strike of the Cameron – Pipestone Shear Zone and associated splay structures, which are the main hosts for gold mineralisation in the Cameron district. Subject to weather constraints, the Company plans to collect approximately 3,500 samples, of which about half had been collected by Quarter‐end (Figure 1).
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Figure 1: MMI sampling status – Cameron Gold Project
In addition to the MMI sampling, further processing and interpretation of merged proprietary and public domain geophysical data was completed by the Company’s geologists and consultants, from which a number of geophysical (conductor) and structural targets were identified.
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Ground checking was conducted on VTEM anomalies identified on the West Cedartrees property; those checked to date have proven to relate to sheared, often pyritic, contacts between gabbroic intrusives and mafic‐felsic volcanics. The regional geological setting of the Cameron Gold Project is shown in Figure 2.
A program of detailed data compilation has commenced over the entire property. This includes detailed structural interpretations, multi‐level geochemical compilations, trench and regional map collations and review of pre‐ existing drilling.
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Figure 2: The Cameron Gold Camp Project
| Deposit | Description | Cut‐off **Goldg/t ** |
Class | Tonnes | Gold g/t | Gold Oz |
|---|---|---|---|---|---|---|
| Cameron | Open Cut | 0.5g/t | Measured | 2,872,000 | 2.3 | 212,400 |
| RL>=750m | Indicated | 5,417,000 | 1.76 | 306,600 | ||
| Meas+Indic | 8,289,000 | 1.95 | 519,700 | |||
| Inferred | 881,000 | 2.07 | 58,600 | |||
| Underground | 1.75g/t | Measured | 157,000 | 2.77 | 14,000 | |
| RL<750m | Indicated | 559,000 | 3.23 | 58,100 | ||
| Meas+Indic | 716,000 | 3.13 | 72,100 | |||
| Inferred | 5,709,000 | 2.78 | 510,300 | |||
| Dubenski | Open Cut | 1.00g/t | Measured | |||
| RL>=180m | Indicated | 806,000 | 2.28 | 59,100 | ||
| Meas+Indic | 806,000 | 2.28 | 59,100 |
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| Deposit | Description | Cut‐off **Goldg/t ** |
Class | Tonnes | Gold g/t | Gold Oz |
|---|---|---|---|---|---|---|
| Inferred | 392,000 | 1.44 | 18,200 | |||
| Dogpaw | Open Cut | 0.5g/t | Measured | |||
| RL>=210m | Indicated | 247,000 | 3.02 | 24,000 | ||
| Meas+Indic | 247,000 | 3.02 | 24,000 | |||
| Inferred | 64,000 | 2.26 | 4,700 | |||
| Total | Measured | 3,029,000 | 2.33 | 226,900 | ||
| Indicated | 7,029,000 | 1.98 | 447,500 | |||
| Meas+Indic | 10,058,000 | 2.09 | 675,900 | |||
| Inferred | 7,046,000 | 2.61 | 591,300 |
Table 1‐ Cameron Gold Camp Mineral Resource
The information in this report that relates to Exploration Results in relation to the Cameron Gold Camp Project is based on information compiled by Dr Doug Jones, until recently a full‐time employee and Director of Chalice Gold Mines Limited, who is a Member of the Australasian Institute of Mining and Metallurgy and is a Chartered Professional Geologist. Dr Jones has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2012 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves, and is a Qualified Person under National Instrument 43‐101 – ‘Standards of Disclosure for Mineral Projects’. The Qualified Person has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in this release. Dr Jones consents to the release of information in the form and context in which it appears here.
The information relating to the Cameron Gold Project Mineral Resource is extracted from the ASX Announcement entitled “Chalice Files Updated 43‐101 Technical Report” released on 29 July 2014 and is available to view at www.chalicegold.com. The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources, that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not materially modified from the original market announcement.
2. GeoCrystal Limited (Equity Interest in GeoCrystal of 24% (36% if all options are exercised) – Webb Diamond Project
Chalice has a 24% interest (with share options to increase Chalice’s interest to 36%) in unlisted diamond explorer, GeoCrystal Ltd (“GeoCrystal”). GeoCrystal are exploring the Webb Diamond Project under joint venture with ASX‐ listed explorer Meteoric Resources Ltd (“Meteoric”).
During the Quarter, GeoCrystal completed a detailed airborne magnetic survey and collected additional surface loam samples to define targets for testing.
In early August, GeoCrystal commenced a 50‐hole, 6,000m RC drilling program designed to test a range of targets across the field. These include a selection of untested magnetic anomalies associated with a cluster of microdiamonds identified from loam sampling in the northern part of the permit area.
The drilling program was completed in October and samples have been dispatched to laboratories for screening for microdiamonds and diamond indicator minerals. Results are expected to be received in Q1 2015.
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GeoCrystal has advised the Company it has met the requirements to sole fund the first $2 million of expenditure to earn 70% of Meteoric’s interest in the joint venture.
3. Board and Management Changes
In October 2014, Chalice made a number of changes to its board and senior management team. Bill Bent stepped down as Managing Director and has been succeeded as Managing Director and CEO by the Company’s founder and former Executive Chairman, Tim Goyder.
As Managing Director, Mr Goyder will assume direct day‐to‐day responsibility for the Company’s strategy and development moving forward, including the continued evaluation and development of the Cameron Project and its business development program. Mr Goyder has been replaced as Chairman, on a non‐executive basis, by fellow Director Tony Kiernan.
Dr Doug Jones also stepped down from the Board as an Executive Director immediately following a lengthy and distinguished period of service in an executive capacity, including as the former Managing Director.
Chalice Gold acknowledges the contributions made by both Mr. Bent and Mr. Jones toward the success of the Company.
Following the changes, the Chalice Board now comprises Tony Kiernan (Chairman), Tim Goyder (Managing Director) and Stephen Quin (Non‐Executive Director).
The Company has also appointed highly experienced mining executive Gary Snow to the role of Chief Operating Officer; Mr Snow will oversee the evaluation and development of the Company’s Projects.
4. Share Buy‐back
In the March 2014 Quarter, Chalice announced an on‐market share buyback of up to 25,073,088 ordinary shares as part of a capital management plan over the next 12 months.
10,036,591 shares have been acquired to date under the buy‐back at an average price of 15.28 cents for a total of $1,554,356. At the end of September 2014, the total maximum remaining shares that can be acquired under the 10%/12 month rule is 15,036,497.
Chalice will continue to assess the merits of this capital management initiative as market conditions evolve.
5. Minimum Holding Share Buy‐back
Subsequent to the end of the Quarter, Chalice advised that it intends to undertake a buy‐back of ordinary shares for holders of unmarketable parcels of shares in the Company. Under the Listing Rules of the Australian Securities Exchange, any shareholding valued at less than $500 is considered to be an “unmarketable parcel” of shares.
The buy‐back will allow shareholders who hold unmarketable parcels of shares in the Company (“Eligible Shareholders”) to sell their shares back to the Company at the buy‐back price of 11.5 cents per share, being the Volume Weighted Average Price for the 5‐day trading period preceding 14 October 2014. These shares will be cancelled once transferred to the Company in accordance with the Corporations Act 2001.
Full details have been sent to Eligible Shareholders.
6. Tenement schedules
In accordance with ASX Listing Rule 5.3, please refer to Appendix 1 for listing of tenements.
7. Discussion on Quarterly Cash flow
Chalice’s cash reserves were A$43.8 million as at 30 September 2014.
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During the quarter, the Company spent $0.8 million (YTD: $0.8 million) on exploration and evaluation activities, $0.4 million (YTD: $0.4 million) on administration and overhead costs and $0.6 million (YTD: $0.6 million) on business development activities. The impact of foreign exchange rates on the Company’s USD cash balances was a favourable movement $1.7 million for the quarter.
It is anticipated that Chalice will spend a further $1.8 million over the December 2014 quarter which, as previously announced, includes non‐recurring expenses of $0.5 million in redundancies and termination payments following the recent management changes, $0.2 million for the minimum holding share buy‐back and $0.7 million for the acquisition of the Dubenski deposit in Canada. Dubenski contains an Indicated Resource of 806,000 tonnes at 2.28 g/t for 59,000 ounces and an Inferred Resource of 392,000 tonnes at 1.44 g/t for 18,200 ounces (Table 1) and is in close proximity to the Cameron Gold Project.
Further details are available in the attached Appendix 5B.
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TIM GOYDER Managing Director
28 October 2014
For further information, please contact: For media inquiries, please contact: Tim Goyder, Managing Director Nicholas Read Chalice Gold Mines Limited Read Corporate Telephone +61 9322 3960 Telephone: +618 9388 1474
Forward Looking Statements
This document may contain forward‐looking information within the meaning of Canadian securities legislation and forward‐looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward‐looking statements”). These forward‐looking statements are made as of the date of this document and Chalice Gold Mines Limited (the Company) does not intend, and does not assume any obligation, to update these forward‐looking statements, except as required by law or regulation.
Forward‐looking statements relate to future events or future performance and reflect Company management’s expectations or beliefs regarding future events and include, but are not limited to, statements regarding the quantum and price of shares to be acquired under a share buyback, the estimation of mineral reserves and mineral resources, the realisation of mineral reserve estimates, the likelihood of exploration success, the timing and amount of estimated future production, costs of production, capital expenditures, success of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage.
In certain cases, forward‐looking statements can be identified by the use of words such as plans, expects or does not expect, is expected, budget, scheduled, estimates, forecasts, intends, anticipates or does not anticipate, or believes, or variations of such words and phrases or statements that certain actions, events or results may, could, would, might or will be taken, occur or be achieved or the negative of these terms or comparable terminology. By their very nature forward‐looking statements involve known and unknown risks, uncertainties and other factors which
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may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such factors include, among others; risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of mineral resources; possible variations in ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry, as well as those factors detailed from time to time in the Company’s interim and annual financial statements, all of which are filed and available for review on SEDAR at sedar.com. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward‐looking statements.
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Appendix 1 – Tenement schedules
The following information is provided in accordance with ASX Listing Rule 5.3 for the quarter ended 30 September 2014:
1. Listing of tenements held:
| Location | Project | Tenement No. |
Registered Holder | Nature of interest |
|---|---|---|---|---|
| Eritrea | Mogoraib North |
Exploration Licence |
Sub‐Sahara Resources (Eritrea) Pty Ltd |
60% ‐ pending relinquishment. |
| Australia | Gnaweeda Project |
E51/0926 | Chalice Gold Mines Limited and Teck Australia PtyLtd |
12.03% |
| E51/0927 | Chalice Gold Mines Limited and Teck Australia PtyLtd |
12.03% | ||
| Canada | Refer below. |
2. Listing of tenements acquired (directly or beneficially) during the quarter:
No tenements were acquired during the quarter.
3. Tenements relinquished, reduced or lapsed (directly or beneficially) during the quarter:
| Location | Project | Tenement Type |
Tenement No. |
Registered Holder | Nature of Interest |
|---|---|---|---|---|---|
| Canada | Rainy River | Claim | 4265465 | Coventry Rainy River Inc. | 100% |
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Tenements held (Canada)
| Project | Tenement Type | Patent, PIN Number | Claim Number | Registered Holder | Percentage Ownership |
|---|---|---|---|---|---|
| Cameron | MiningLease | 108400 | CLM305. Claim K465069‐K465075, K465351‐K465358, K519950‐ K519965,K561022‐K561025,K666295 |
Cameron Gold Operations Ltd | 100% |
| Cameron | MiningLease | 108400 | CLM306, Claim K386816‐K386818, K386888‐K386900, K533901‐ K533908,K666294 |
Cameron Gold Operations Ltd | 100% |
| West Cedar | MiningLease | 107495 | K314926,K351875‐K351876,K314928‐K314931,K273821 | Cameron Gold Operations Ltd | 100% |
| Cameron | Patented miningclaim | PA8441,42185‐0720(LT) | K2766 | Cameron Gold Operations Ltd | 100% |
| Cameron | Patented miningclaim | PA8442,42185‐0722(LT) | K2767 | Cameron Gold Operations Ltd | 100% |
| Cameron | Patented miningclaim | PA8443,42185‐0724(LT) | K2768 | Cameron Gold Operations Ltd | 100% |
| Cameron | Patented miningclaim | PA9901,42185‐0726(LT) | K4712 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0208(LT) | K9990 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0586(LT) | K9991 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0585(LT) | K9992 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0577(LT) | K9993 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0587(LT) | K9994 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0578(LT) | K9995 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0588(LT) | K9996 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0579(LT) | K9997 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0581(LT) | K9999 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0807(LT) | K10000 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0583(LT) | K10010 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0584(LT) | K10011 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0580(LT) | K10058 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0796(LT) | K10024 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0799(LT) | K10025 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0801(LT) | K10026 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0803(LT) | K10027 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0593(LT) | K10028 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0594(LT) | K10029 | Cameron Gold Operations Ltd | 100% |
| West Cedar | Patented miningclaim | 42185‐0595(LT) | K10030 | Cameron Gold Operations Ltd | 100% |
| Cameron | MLO | 10384 | K4709 | Cameron Gold Operations Ltd | 100% |
| Cameron | MLO | 10405 | K4711 | Cameron Gold Operations Ltd | 100% |
| Cameron | MLO | 10406 | K4710 | Cameron Gold Operations Ltd | 100% |
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| Project | Tenement Type | Patent, PIN Number | Claim Number | Registered Holder | Percentage Ownership |
|---|---|---|---|---|---|
| Cameron | MLO | 10407 | K4712 | Cameron Gold Operations Ltd | 100% |
| Cameron | MpLO | 3366 | K2767 | Cameron Gold Operations Ltd | 100% |
| Cameron | MLO | 3367 | K2768 | Cameron Gold Operations Ltd | 100% |
| West Cedar | MLO | 11143 | K9990,K9992,K9993,K9996,K9999,K10000,K10011,K10058 | Cameron Gold Operations Ltd | 100% |
| Cameron | Claim | 1105444 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1105445 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1161574 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1161575 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210120 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210121 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210122 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210123 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210124 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210125 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210126 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210128 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210129 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210130 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210131 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210132 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210133 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210134 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210135 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 1210136 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4254297 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258281 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258282 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258283 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258284 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258285 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258286 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258287 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258288 | Cameron Gold Operations Ltd | 100% |
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| Project | Tenement Type | Patent, PIN Number | Claim Number | Registered Holder | Percentage Ownership |
|---|---|---|---|---|---|
| Cameron | Claim | 4258289 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258290 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258291 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258292 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258421 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258422 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258423 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258424 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258425 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258426 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258427 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258428 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258429 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258430 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258431 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258432 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258433 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258434 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258435 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258436 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258437 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258438 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258439 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258440 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258441 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258442 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258443 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258444 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258445 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258446 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258447 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258448 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4258449 | Cameron Gold Operations Ltd | 100% |
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| Project | Tenement Type | Patent, PIN Number | Claim Number | Registered Holder | Percentage Ownership |
|---|---|---|---|---|---|
| Cameron | Claim | 4258450 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4257392 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4255667 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4255668 | Cameron Gold Operations Ltd | 100% | |
| Cameron | Claim | 4255669 | Cameron Gold Operations Ltd | 100% | |
| West Cedar | Claim | 3000802 | Cameron Gold Operations Ltd | 100% | |
| West Cedar | Claim | 3000803 | Cameron Gold Operations Ltd | 100% | |
| West Cedar | Claim | 3000804 | Cameron Gold Operations Ltd | 100% | |
| West Cedar | Claim | 1149862 | Cameron Gold Operations Ltd | 100% | |
| West Cedar | Claim | 1196649 | Cameron Gold Operations Ltd | 100% | |
| West Cedar | Claim | 3001240 | Cameron Gold Operations Ltd | 100% | |
| West Cedar | Claim | 3001298 | Cameron Gold Operations Ltd | 100% | |
| West Cedar | Claim | 3010497 | Cameron Gold Operations Ltd | 100% | |
| West Cedar | Claim | 3012199 | Cameron Gold Operations Ltd | 100% | |
| Cameron | MiningLease | 108466 | CLM289. Claims K527548‐K527567,Nucanolan Property | Cameron Gold Operations Inc. | 100% |
| Cameron | Claim | 4248906 | BARKAUSKAS, EDWARD ANTHONY (40%). BERGEN,CINDRA LEE(60%) |
Earningin,option agreement | |
| West Cedar | MiningLease | 107494 | K314927,K314932,K351873,K351874,K351877,K351878 | 525400 ONTARIO INC. | Option to purchase between HLM & Dubenski, (MR and SR). |
| RainyRiver | Claim | 4254475 | CoventryResources Ontario Inc. | 100% | |
| RainyRiver | Claim | 4254476 | CoventryResources Ontario Inc. | 100% | |
| RainyRiver | Claim | 4254477 | CoventryResources Ontario Inc. | 100% | |
| RainyRiver | Claim | 4254478 | CoventryResources Ontario Inc. | 100% | |
| RainyRiver | Claim | 4254479 | CoventryResources Ontario Inc. | 100% | |
| RainyRiver | Claim | 4254472 | CoventryResources Ontario Inc. | 100% | |
| RainyRiver | Claim | 4254480 | CoventryResources Ontario Inc. | 100% | |
| RainyRiver | Claim | 4254481 | CoventryResources Ontario Inc. | 100% | |
| RainyRiver | Claim | 4254482 | CoventryResources Ontario Inc. | 100% | |
| RainyRiver | Claim | 4254483 | CoventryResources Ontario Inc. | 100% | |
| RainyRiver | Claim | 4254484 | CoventryResources Ontario Inc. | 100% | |
| Ardeen | Claim | 1022635 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1022636 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1022637 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1135465 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1135466 | Pele Gold Corporation | 51% |
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| Project | Tenement Type | Patent, PIN Number | Claim Number | Registered Holder | Percentage Ownership |
|---|---|---|---|---|---|
| Ardeen | Claim | 1157496 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1157497 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1157666 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1157667 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1157668 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1157670 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1157671 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1164874 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1164875 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1164876 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1164877 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172315 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172316 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172317 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172340 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172345 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172346 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172347 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172348 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172349 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172350 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172355 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172356 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172365 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172366 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172367 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172368 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172369 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172375 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172385 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172386 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172387 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172388 | Pele Gold Corporation | 51% |
13
| Project | Tenement Type | Patent, PIN Number | Claim Number | Registered Holder | Percentage Ownership |
|---|---|---|---|---|---|
| Ardeen | Claim | 1172395 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1172396 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1195937 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1195940 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1196147 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1196239 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1196240 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1196870 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1196921 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1196923 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1196924 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1202036 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1202264 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1202265 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1202302 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1205201 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1205202 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1205203 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1205204 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1205287 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1209440 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1209441 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1209470 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1209697 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1209698 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1209770 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1210243 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1210245 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1210776 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1210792 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215147 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215148 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215149 | Pele Gold Corporation | 51% |
14
| Project | Tenement Type | Patent, PIN Number | Claim Number | Registered Holder | Percentage Ownership |
|---|---|---|---|---|---|
| Ardeen | Claim | 1215450 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215451 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215452 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215453 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215454 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215751 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215752 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215758 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215760 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215831 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1215859 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1217105 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 1224629 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 3001505 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 3001506 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 3001507 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677468 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677469 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677470 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677471 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677472 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677473 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677474 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677475 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677476 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677477 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677478 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 677479 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786521 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786522 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786523 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786524 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786525 | Pele Gold Corporation | 51% |
15
| Project | Tenement Type | Patent, PIN Number | Claim Number | Registered Holder | Percentage Ownership |
|---|---|---|---|---|---|
| Ardeen | Claim | 786526 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786527 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786528 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786529 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786541 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786542 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786543 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786544 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 786545 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 813157 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 813158 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 813159 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 813160 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 813161 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 813162 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 813163 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 813164 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 813165 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 813166 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835178 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835179 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835184 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835185 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835186 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835187 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835188 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835189 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835190 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835195 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835196 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835197 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835304 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835305 | Pele Gold Corporation | 51% |
16
| Project | Tenement Type | Patent, PIN Number | Claim Number | Registered Holder | Percentage Ownership |
|---|---|---|---|---|---|
| Ardeen | Claim | 835306 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835307 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835308 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835309 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835310 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835311 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835312 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 835313 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 863760 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 873515 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 873516 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 873517 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 873518 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 873519 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 873520 | Pele Gold Corporation | 51% | |
| Ardeen | Claim | 873522 | Pele Gold Corporation | 51% | |
| RainyRiver | Claim | 4250316 | CoventryRainyRiver Inc. | 100% | |
| RainyRiver | Claim | 4250319 | Coventry Rainy River Inc. | 100% | |
| RainyRiver | Claim | 4265461 | Coventry Rainy River Inc. | 100% | |
| RainyRiver | Claim | 4265462 | CoventryRainyRiver Inc. | 100% | |
| RainyRiver | Claim | 4265463 | CoventryRainyRiver Inc. | 100% | |
| RainyRiver | Claim | 4274467 | Coventry Rainy River Inc. | 100% | |
| RainyRiver | Claim | 4274468 | Coventry Rainy River Inc. | 100% | |
| RainyRiver | Claim | 4274469 | Coventry Rainy River Inc. | 100% | |
| RainyRiver | Claim | 4274460 | Coventry Rainy River Inc. | 100% | |
| RainyRiver | Claim | 4260559 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4260560 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4260561 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4260562 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4260563 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4260564 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4260565 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4205809 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4205814 | English,PerryVern | Earningin,option agreement |
17
| Project | Tenement Type | Patent, PIN Number | Claim Number | Registered Holder | Percentage Ownership |
|---|---|---|---|---|---|
| RainyRiver | Claim | 4205815 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4205816 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4205817 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4205818 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4214438 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4214439 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4214440 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4214441 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4214442 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4267980 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4267981 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4267982 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Claim | 4267983 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4254638 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4257501 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4257508 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4257510 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4257511 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4257515 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4257516 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4257517 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4260366 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4260515 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4260516 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4263609 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4272273 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4266941 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4266942 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4266943 | English,PerryVern | Earningin,option agreement | |
| South Cedar | Claim | 4266944 | English,PerryVern | Earningin,option agreement | |
| West Cedar | Claim | 4260514 | English,PerryVern | Earningin,option agreement | |
| RainyRiver | Patent | 56046‐0030 | Joan Solomon | Earningin,Option agreement | |
| RainyRiver | Patent | 56046‐0007 | Joan Solomon | Earningin,Option agreement |
18
| Project | Tenement Type | Patent, PIN Number | Claim Number | Registered Holder | Percentage Ownership |
|---|---|---|---|---|---|
| RainyRiver | Patent | 56046‐0077 | Shane & Rachel McQuaker | Earningin,Option agreement | |
| RainyRiver | Patent | 56046‐0079 | Jan Wullum | Earningin,Option agreement | |
| RainyRiver | Patent | 56046‐0086 | Gene Boyce | Earningin,Option agreement | |
| RainyRiver | Patent | 56046‐0076 | Stevan Michael | Earningin,Option agreement | |
| RainyRiver | Patent | 56046‐0031 | KipSharp | Earningin,Option agreement | |
| RainyRiver | Patent | 56046‐0034 | Wade Kempka | Earningin,Option agreement | |
| RainyRiver | Patent | 56046‐0038 | Wade & Shane Kempka & Madison | Earningin,Option agreement | |
| RainyRiver | Patent | 56046‐0044 | Wade & Shane Kempka & Madison | Earningin,Option agreement |
19
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Rule 5.5
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013
Name of entity
Chalice Gold Mines Limited
ABN
47 116 648 956
Quarter ended (“current quarter”)
30 September 2014
Consolidated statement of cash flows
| Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration & evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other (provide details if material) Net Operating Cash Flows |
Current quarter $A’000 |
Year to date (3 months) $A’000 |
|---|---|---|
| 18 (758) ‐ ‐ (376) ‐ 22 ‐ (379) (513) |
18 (758) ‐ ‐ (376) ‐ 22 ‐ (379) (513) |
|
| (1,986) | (1,986) | |
| Cash flows related to investing activities 1.8 Payment for purchases of: (a) prospects (b) equity investments (c) other fixed assets 1.9 Proceeds from sale of: (a) prospects (b) equity investments (c) other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other (provide details if material) Net investing cash flows 1.13 Total operating and investing cash flows (carried forward) |
‐ ‐ (5) ‐ ‐ ‐ ‐ ‐ ‐ |
‐ ‐ (5) ‐ ‐ ‐ ‐ ‐ ‐ |
| (5) | (5) | |
| (1,991) | (1,991) |
- See chapter 19 for defined terms.
01/05/2010 Appendix 5B Page 1
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
| 1.13 Total operating and investing cash flows (brought forward) |
(1,991) | (1,991) |
|---|---|---|
| Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 1.15 Proceeds from sale of forfeited shares 1.16 Proceeds from borrowings 1.17 Repayment of borrowings 1.18 Dividends paid 1.19 Other (provide details if material) Net financing cash flows |
‐ ‐ ‐ ‐ ‐ (17) |
‐ ‐ ‐ ‐ ‐ (17) |
| (17) | (17) | |
| Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end of quarter |
(2,008) 44,204 1,702 |
(2,008) 44,204 1,702 |
| 43,898 | 43,898 |
Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities
| 1.23 1.24 |
Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10 |
Current quarter $A'000 |
|---|---|---|
| 184 | ||
| ‐ | ||
| 1.25 | Explanation necessaryfor an understandingof the transactions | |
| Item 1.7 – represents costs associated with business development activities. Item 1.23 – Amounts paid to related parties includes remuneration, directors’ fees and consulting fees paid to directors |
Non‐cash financing and investing activities
| 2.1 | Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows |
|---|---|
| Nil |
| 2.2 | Details of outlays made by other entities to establish or increase their share in projects in which the reportingentityhas an interest |
|---|---|
| Nil |
- See chapter 19 for defined terms.
Appendix 5B Page 2
01/05/2013
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
Financing facilities available
Add notes as necessary for an understanding of the position.
| 3.1 Loan facilities 3.2 Credit standby arrangements |
Amount available $A’000 |
Amount used $A’000 |
|---|---|---|
| Nil | Nil | |
| Nil | Nil |
Estimated cash outflows for next quarter
| 4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration |
$A’000 |
|---|---|
| 817 | |
| ‐ | |
| ‐ | |
| 971(1),(2) | |
| Total | 1,788 |
(1)Following recent management changes, administration costs for the next quarter includes $0.5 million in redundancies and termination payments.
(2)Includes a payment of approximately $0.2 million for the minimum shareholding buy‐back.
Reconciliation of cash
| Reconciliation of cash | ||
|---|---|---|
| Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows. |
Current quarter $A’000 |
Previous quarter $A’000 |
| 5.1 Cash on hand and at bank 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other (provide details) |
7,525 | 21,974 |
| 36,373 | 22,230 | |
| ‐ | ‐ | |
| ‐ | ‐ | |
| Total: cash at end of quarter(item 1.22) | 43,898 | 44,204 |
- See chapter 19 for defined terms.
01/05/2010 Appendix 5B Page 3
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Changes in interests in mining tenements and petroleum tenements
| 6.1 Interests in mining tenements and petroleum tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements and petroleum tenements acquired or increased |
Tenement reference and location |
Nature of interest (note(2)) |
Interest at beginning ofquarter |
Interest at end of quarter |
|---|---|---|---|---|
| Canada: Rainy River Project Claim ‐ 4265465 |
100% owned | 100% | 0% | |
| Nil | N/A | N/A | N/A |
Issued and quoted securities at end of current quarter
Description includes rate of interest and any redemption or conversion rights together with prices and dates.
| Total number | Number quoted | Issue price per security (see note3) (cents) |
Amount paid up per security (see note3) (cents) |
|
|---|---|---|---|---|
| 7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy‐ backs, redemptions |
Nil | Nil | N/A | N/A |
| N/A | N/A | N/A | N/A | |
| 7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy‐ backs |
287,491,719 | 287,491,719 | N/A | N/A |
| Nil Nil |
Nil Nil |
N/A N/A |
N/A N/A |
|
| 7.5 +Convertible debt securities (description) |
Nil | N/A | N/A | N/A |
- See chapter 19 for defined terms.
Appendix 5B Page 4
01/05/2013
Appendix 5B
Mining exploration entity and oil and gas exploration entity quarterly report
| 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted |
Nil Nil |
Nil Nil |
N/A N/A |
N/A N/A |
|---|---|---|---|---|
| 7.7 Options (unlisted) Performance Rights |
1,050,000 | Nil | Exercise price 0.30 |
Expiry date 30 June 2016 |
| 2,588,317 3,388,357 |
Nil Nil |
N/A N/A |
30 June 2016 30 June 2017 |
|
| 7.8 Issued during quarter Options Performance Rights 7.9 Exercised during quarter Options Performance Rights 7.10 Expired during quarter Options Performance Rights |
Nil | Nil | N/A | N/A |
| 3,388,357 | Nil | N/A | 30 June 2017 | |
| Nil | Nil | N/A | N/A | |
| Nil | Nil | N/A | N/A | |
| (100,000) | Nil | 0.35 | 30 November 2014 | |
| (165,832) | Nil | N/A | 30 June 2016 | |
| 7.11 Debentures (totals only) |
Nil | Nil | ||
| 7.12 Unsecured notes(totals only) |
Nil | Nil |
Compliance statement
-
1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).
-
2 This statement does give a true and fair view of the matters disclosed.
Sign here: Date: 28 October 2014 (Company secretary) Print name: Leanne Stevens
- See chapter 19 for defined terms.
01/05/2010 Appendix 5B Page 5
Appendix 5B Mining exploration entity and oil and gas exploration entity quarterly report
Notes
-
1 The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
-
2 The “Nature of interest” (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
-
3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities .
-
4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
-
5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.
== == == == ==
- See chapter 19 for defined terms.
Appendix 5B Page 6
01/05/2013