AI assistant
CHALICE MINING LIMITED — Investor Presentation 2018
Feb 25, 2018
64649_rns_2018-02-25_6db9130c-2aac-418f-b3b0-9eab27c2369a.pdf
Investor Presentation
Open in viewerOpens in your device viewer
==> picture [248 x 133] intentionally omitted <==
Chalice Gold Mines Ltd
-
30,000m of drilling on two high potential gold properties in the renowned Abitibi region of Canada
-
A$46M in cash and liquid investments, trading at near zero enterprise value
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
This presentation does not include all available Information on Chalice Gold Mines Limited and should not be used in isolation as a guide to investing in the Company. Any potential investor should also refer to Chalice Gold Mines Limited Annual Reports, filings on sedar.com, and to ASX/TSX releases and take independent professional advice before considering investing in the Company. For further information about Chalice Gold Mines Limited, visit the website at www.chalicegold.com
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. 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, the estimation of mineral reserve and mineral resources at the East Cadillac Gold Project, the realisation of mineral reserve estimates; the likelihood of exploration success including results of future geophysical surveys, drilling at the Company’s projects and other exploration activities; the timing and costs of future exploration activities on the Company’s exploration projects; the potential to define future mineral resources and, if successful at any of the Company’s exploration projects, the potential viability of any mineral resource so defined; planned expenditures and budgets and the execution thereof; the timing and availability of drill results; potential sites for additional drilling, that general business and economic conditions will not change in a materially adverse manner; 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”, “planning”, “expects” or “does not expect”, “is expected”, “will”, “may”, “would”, “potential”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, “believes”, “occur”, “be achieved”, 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 forwardlooking statements involve known and unknown risks, uncertainties and other factors which 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 may include, among others, risks related to actual results of current exploration activities; changes in exploration programs based upon results of exploration; future prices of mineral resources; possible variations in mineral resources or ore reserves, grade or recovery rates; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of development or construction activities; 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.
QP/CP Statement
The information in this report that relates to the East Cadillac Gold Project and Kinebik Gold Project is extracted from the announcement entitled “Chalice expands exploration drilling program at East Cadillac Gold Project after identifying 14 new high-priority targets” dated 16 January 2018 and the “December 2017 Quarterly Activities Report” dated 19 January 2018. The information in this report that relates to the East Cadillac Gold Project mineral resource estimate is extracted from the announcement entitled “Maiden JORC Resource for Nordeau West deposit provides foundation for expanded exploration program at East Cadillac Gold Project, Quebec” dated 7 March 2017. The information in this report that relates to the Warrego North, NT is extracted from the announcement entitled “Chalice discovers copper-gold mineralisation at Warrego North Project, NT” dated 16 June 2017 . These announcements are available to view on the Company’s website 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 that all material assumptions in the market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s and Qualifying Persons findings are presented have not been materially modified from the original market announcement.
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
2
-
Strategic exploration footprint across prolific gold and base metals districts in Canada and Australia
-
~30,000m drilling program underway on two high potential Abitibi projects in Quebec, Canada
-
Trading at near zero enterprise value with ~A$46M* in cash and liquid investments (significant re-rating of our Abitibi projects expected)
-
Experienced team in Australia and Canada capable of executing large scale exploration programs
-
History of delivering value having advanced and divested two gold projects for net proceeds of ~A$107M and returning ~A$25M to shareholders
* As at 31-Dec-2017
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
3
Exploration
Acquisitions
==> picture [79 x 53] intentionally omitted <==
Investments
==> picture [692 x 86] intentionally omitted <==
----- Start of picture text -----
Undertake targeted and proactive gold and base metal exploration in proven
but underexplored provinces, leveraging strong in house expertise
----- End of picture text -----
==> picture [665 x 86] intentionally omitted <==
----- Start of picture text -----
Actively pursue asset acquisition and partnership opportunities with cash
flow potential and exploration upside
----- End of picture text -----
==> picture [692 x 86] intentionally omitted <==
----- Start of picture text -----
Adopt a nimble, ‘first mover’ approach to short-medium term investments
where we see material upside, as a strategic alternative to acquisition
----- End of picture text -----
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
4
-
Two strategic land positions in the prolific Abitibi greenstone belt in Quebec, Canada;
-
1 • East Cadillac Gold Project – 16km of strike, 35km east of Val-d’Or
-
2 • Kinebik Gold Project – 30km of strike along the Casa Berardi Fault
-
Plus two early stage projects in Australia;
-
3 • Warrego North Copper-Gold Project – targeting Tennant Creek IOCG deposits
-
4 • Pyramid Hill Gold Project – ~10km north-west of the ~18Moz Bendigo Goldfield
==> picture [543 x 338] intentionally omitted <==
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
5
==> picture [758 x 540] intentionally omitted <==
==> picture [150 x 124] intentionally omitted <==
Exploration
==> picture [76 x 40] intentionally omitted <==
Canada
| East Cadillac Kinebik 1 2 Illustrative w |
ork program | 2017 | 2017 | 2017 | 2018 | 2018 | 2018 | 2018 | 2018 | 2018 | 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | |||
| 3D IP survey Surface sampling Diamond drilling |
000m | Final | assays expe | cted | |||||||
| 14 holes fo | r 7,700m | 70 ho | les for 21 | , | |||||||
| 3D IP survey Diamond drilling |
9 hole 1,800 |
s for m |
Final | assays expe | cted | ||||||
25 Feb 2018
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
7
-
1 • The East Cadillac Gold Project includes 16km of strike along the Larder Lake-Cadillac Fault
-
The fault is the most prolific gold trend in southern Abitibi, with proven gold endowment of >100Moz
-
Combination of earn-in deals (70100%) and 100% owned
-
2 • The Kinebik Gold Project, ~150km to the north includes 30km of strike along the Casa Berardi Fault
-
Chalice owns 100%
==> picture [499 x 384] intentionally omitted <==
----- Start of picture text -----
2
1
----- End of picture text -----
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
8
-
The Project is on strike with several significant gold mines , including;
-
Agnico Eagle – LaRonde (>12Moz @ ~5g/t)
-
Eldorado – Sigma Lamaque (>11Moz @ ~7g/t)
-
Canadian Malartic (>10Moz @ ~1.1g/t)
-
Agnico Eagle – Goldex (>5Moz @ ~1.7g/t)
-
The area has excellent infrastructure (road, power, water)
-
Quebec is a very mining friendly jurisdiction, with a c. 30% exploration refund
==> picture [611 x 389] intentionally omitted <==
----- Start of picture text -----
Recently announced
plans for 85km of drilling
in 2018 following on
from 83km in 2017
Drilling 20km
in 2018
----- End of picture text -----
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
9
Enterprise value of Chalice’s listed Val-d’Or peers (C$M)
590 109 Potential revaluation 80 40 35 24 0 Chalice Cartier QMX Gold Alexandria Monarques Gold Probe Metals Eldorado Gold Mines Resources Minerals acquisition of Integra (May-17) Major Osisko 14% Agnico 8% institutional Franklin Res 12% Agnico 17% Alamos 19% Goldcorp 14% BlackRock 17% Probe 9% Sprott 7% shareholders
Source: S&P Global Market Intelligence as of close 15-Feb-2018
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
10
==> picture [41 x 21] intentionally omitted <==
December 2017 November 2016 Option deal with Khalkos to Option deal with earn up to 70% Richmont (acquired by Monarques Gold) to earn up to 70%
==> picture [58 x 50] intentionally omitted <==
==> picture [41 x 21] intentionally omitted <==
October 2017 – January 2018 Phase 1 diamond drilling (7,700m) 2018
October 2016
Option deal with Globex to earn up to 100%
2016 2017
==> picture [54 x 64] intentionally omitted <==
==> picture [56 x 56] intentionally omitted <==
==> picture [52 x 46] intentionally omitted <==
==> picture [58 x 47] intentionally omitted <==
March 2017 JORC 2012 MRE at Nordeau West
May – November 2017 3D-IP, Amag, LIDAR surveys January – March Bark, MMI soil 2018 geochemistry Phase 2 diamond drilling (21,000m)
Pre-Chalice Limited geochemistry and shallow drilling at Nordeau East / West
November – December 2016 Footwall claims pegged (100%)
==> picture [93 x 32] intentionally omitted <==
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
11
==> picture [714 x 382] intentionally omitted <==
----- Start of picture text -----
3D-IP survey showing chargeability iso-surfaces (blue)
Nordeau West
M&I Res – 30koz Au @ 4.2g/t
Inf Res – 146koz Au @ 4.1g/t
Tenement boundary
Nordeau East
Simon West
Planned DDH
Completed DDH
Chimo Gold Mine
(Cartier Resources)
1km
379koz Au @ 4.8g/t
historical production
----- End of picture text -----*
• Nordeau West chargeability high (pyrite-arsenopyrite sulfides) shown to be extending at least 6km East through Nordeau East deposit and open along strike • Additional chargeability highs associated with sediment-volcanic contacts to the north and south of Nordeau WestNordeau East trend
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
12
==> picture [377 x 161] intentionally omitted <==
----- Start of picture text -----
Nordeau West
M&I Res – 30koz Au – 0.2Mt@ 4.2g/t
Inf Res – 146koz Au - 1.1Mt @4.1g/t
Simon
Forsan
West
Nordeau
East
----- End of picture text -----*
==> picture [115 x 66] intentionally omitted <==
----- Start of picture text -----
Chimo Gold Mine
(Cartier Resources)
379koz Au @ 4.8g/t
historical production
----- End of picture text -----
-
Four diamond rigs currently drilling accelerated program
-
Lower risk targets along central structural corridor focus on testing areas down plunge of existing mineralisation and untested anomalies
-
Targets to North and South of structural corridor that are regionally similar to Canadian Malartic (>10Moz Au) and Sigma Lamaque (>11Moz Au), are almost entirely untested
-
~C$5.2M spent by Chalice to end Jan-18
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
*** Refer to slide 28 for further details**
13
- Underexplored greenstone belt which hosts significant gold deposits including the Casa Beradi gold deposit (c. 6Moz) owned by Hecla Mining (NYSE: HL)
Douay 2.8Moz Au
-
187km[2] property area covering 30km of strike along the Casa Berardi fault
-
Numerous soil geochemical anomalies identified and 3D IP survey completed
-
~C$1.3M spent by Chalice to end Jan-18
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
14
==> picture [674 x 385] intentionally omitted <==
----- Start of picture text -----
N
South Anomaly
----- End of picture text -----
-
Completed 200m spaced geochem sampling in Q3 2017 to augment the Q3 2016 MMI soil sampling results that identified the South Anomaly
-
55 line km 3D Induced Polarisation (3D IP) supported the 2016 gold and pathfinder element anomalies
-
9 hole, 1,800m diamond drilling program complete – assays pending
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
15
==> picture [248 x 133] intentionally omitted <==
==> picture [720 x 540] intentionally omitted <==
Exploration
==> picture [76 x 40] intentionally omitted <==
Australia
-
Tennant Creek was historically exploited for high grade IOCG style gold and copper
-
These deposit types typically have modest tonnage (1-8Mt) and small spatial footprints making them difficult to define from early stage drilling
-
Chalice has applied for 320km[2] licences immediately NW of the Warrego Mine
-
Application area includes the Chook prospect with encouraging results ( 17m @ 1.02% Cu )
-
New 3D IP data confirms chargeability high associated with outcropping ironstones located directly east of the Parakeet target
-
Follow up field work to re-commence in 2H 2018, once targeting phase is completed
==> picture [403 x 394] intentionally omitted <==
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
17
==> picture [384 x 408] intentionally omitted <==
-
Victorian Govt initiative ‘Gold Undercover’ estimated an undiscovered gold endowment of 32Moz Au in the northern Bendigo Zone
-
West of the prospective Whitelaw-Tandarra Fault corridor
-
Review of public-domain geophysics and geological datasets shows EL’s contain interpreted structures extending under Murray Basin cover
-
Structures likely to be highly prospective for gold given the analogous geological and structural setting compared to the central, mostly exposed, part of the Bendigo Zone
-
Chalice reviewing results of previous exploration programs and integrating all public domain data
-
Field work to commence in 2H 2018 following grant of tenements
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
18
==> picture [248 x 133] intentionally omitted <==
Acquisitions and investments
==> picture [73 x 73] intentionally omitted <==
==> picture [73 x 73] intentionally omitted <==
==> picture [903 x 241] intentionally omitted <==
----- Start of picture text -----
2012
2017
• Zara Gold
Project in 2013 2016 • Refocused
2007 2009
Eritrea sold • Cameron • Cameron on building
• Chalice & • Zara Gold for the
~ Gold Gold
Higginsville Project in US$114M , exploration
Project in Project in
projects Eritrea A$25M Ontario Ontario portfolio,
sold for acquired special acquired
acquired sold for
~A$12M for ~A$7M dividend ~ East
for ~A$8M A$25M
issued to Cadillac in
share- Quebec
holders
----- End of picture text -----
Prudent and well-timed asset sales have generated significant profits to date
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
20
Acquisition strategy
==> picture [692 x 87] intentionally omitted <==
----- Start of picture text -----
Actively pursue asset acquisition and partnership opportunities with cash
flow potential and exploration upside
----- End of picture text -----
==> picture [607 x 267] intentionally omitted <==
----- Start of picture text -----
Target Commodities Target maturity
Drill ready MRE BFS Start-up EOL
Early Expl Adv Expl Pre-Dev Dev Ops Decom
PFS
Gold
Copper, Nickel, Zinc
----- End of picture text -----
==> picture [214 x 89] intentionally omitted <==
----- Start of picture text -----
Copper, Nickel, Zinc
----- End of picture text -----
Target regions
==> picture [279 x 114] intentionally omitted <==
We aim to expand within our current two region footprint, however additional regions assessed on a case-by-case basis
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
21
==> picture [248 x 133] intentionally omitted <==
==> picture [720 x 540] intentionally omitted <==
Corporate
==> picture [73 x 73] intentionally omitted <==
Capital Structure*
| Australian listing | ASX: CHN |
|---|---|
| Canadian listing | TSX: CXN |
| Shares on Issue | 261M |
| Shares – fully diluted | 276M |
| ASX 52 week high/low | A$0.26 / A$0.15 |
| TSX 52 week high/low | C$0.33 / C$0.15 |
| Cash | ~A$43M |
| Liquid investments | ~A$3M |
| Market capitalisation | ~A$48M |
| Enterprise value | ~A$2M |
| Exploration budget FY17-18 | ~A$13M |
Substantial Shareholders*
==> picture [19 x 9] intentionally omitted <==
----- Start of picture text -----
ASX
----- End of picture text -----
TSX
| Top 20 ASX approx. 60% Others 62% 17% 71% 9% Franklin Resources Inc. 12% Tim Goyder (MD) Substantial Liquid Investments** |
Top 20 ASX approx. 60% Others 62% 17% 71% 9% Franklin Resources Inc. 12% Tim Goyder (MD) Substantial Liquid Investments** |
|---|---|
| AusGold (ASX: AUC) 66M (~11%) ~A$3.3M |
|
| Others ~A$1.0M |
As of 31-Dec-17; *As of 15-Feb-18
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
23
==> picture [74 x 97] intentionally omitted <==
==> picture [61 x 91] intentionally omitted <==
==> picture [74 x 97] intentionally omitted <==
==> picture [62 x 87] intentionally omitted <==
Tim Goyder, Managing Director
-
40+ years experience in the resource industry
-
Successful investor and entrepreneur
-
Largest shareholder of Chalice (~17%)
Anthony Kiernan, Non-Executive Chairman, LLB
-
Commercial and corporate advisor to several mining/resources companies
-
Previously a solicitor with considerable experience in the management and operation of listed public companies
Stephen Quin, Independent Non-Executive Director, PGeo
-
35 years experience in mining and exploration
-
President and CEO of Midas Gold Corp
Morgan Ball, Independent Non-Executive Director, BCom, ACA
-
Chartered Accountant with 25+ years experience
-
Highly regarded with significant mining, commercial and corporate experience
-
Chief Financial Officer of Saracen Mineral Holdings (ASX: SAR)
==> picture [74 x 97] intentionally omitted <==
==> picture [61 x 91] intentionally omitted <==
==> picture [74 x 97] intentionally omitted <==
==> picture [61 x 87] intentionally omitted <==
Dr Kevin Frost, GM – Exploration, BSc (Hons) PhD MAIG
-
Geologist with 30+ years experience
-
Highly regarded geologist within proven history of discovery
-
Part of the discovery team for the Flying Fox and Spotted Quoll nickel deposits (Western Areas)
Richard Hacker, Chief Financial Officer, BCom, ACA, ACIS
- 20+ years professional, commercial and corporate experience in the resources and energy sector in Australia and the UK
Patrick Lengyel, Exploration Manager – Canada, BSc
-
Geologist with 20+ years experience
-
Extensive experience in orogenic gold and base metals
-
• Previously Principal Geologist at Teck Resources Limited
Alex Dorsch, GM – Corporate Development, BEng (Hons), BFin
-
Experienced consultant, engineer and corporate advisor in the energy and resources sectors
-
Previously Specialist consultant with McKinsey & Company
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
24
Aggressive ~30,000m Protected from downside at Experienced and exploration program in one near zero EV and exposed to capable team that have of the world’s leading gold favourable market done it before and who districts conditions predicted in 2018 are fully committed
==> picture [110 x 167] intentionally omitted <==
==> picture [111 x 159] intentionally omitted <==
Tim Goyder Managing Director +61 8 9322 3960
Alex Dorsch GM – Corporate Development +61 8 9322 3960
==> picture [73 x 73] intentionally omitted <==
==> picture [73 x 73] intentionally omitted <==
==> picture [67 x 66] intentionally omitted <==
==> picture [73 x 60] intentionally omitted <==
==> picture [41 x 52] intentionally omitted <==
www.chalicegold.com
https://au.linkedin.com/company/chalice-gold-mines
https://twitter.com/chalicegold Investor Relations - Read Corporate +61 8 9388 1474
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
26
==> picture [248 x 133] intentionally omitted <==
==> picture [720 x 540] intentionally omitted <==
Appendix
==> picture [535 x 398] intentionally omitted <==
----- Start of picture text -----
Nordeau West
M&I Res – 30koz Au – 0.2Mt@ 4.2g/t
Inf Res – 146koz Au - 1.1Mt @4.1g/t
Simon
West Forsan
Nordeau
East
Chimo Gold Mine
(Cartier Resources)
379koz Au @ 4.8g/t
historical production
----- End of picture text -----*
- The information in this report that relates to the East Cadillac Gold Project, Quebec mineral resource estimate is extracted from the announcement entitled “Maiden JORC Resource for Nordeau West deposit provides foundation for expanded exploration at East Cadillac Gold program Project, Quebec” dated 7 March 2017. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. These mineral resource estimates include inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorised as mineral reserves. There is also no certainty that these inferred mineral resources will be converted to the measured and indicated categories through further drilling, or into mineral reserves, once economic considerations are applied.
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
28
==> picture [535 x 398] intentionally omitted <==
----- Start of picture text -----
Nordeau West
M&I Res – 30koz Au – 0.2Mt@ 4.2g/t
Inf Res – 146koz Au - 1.1Mt @4.1g/t
Simon
West Forsan
Nordeau
East
Chimo Gold Mine
(Cartier Resources)
379koz Au @ 4.8g/t
historical production
----- End of picture text -----*
-
Detailed sampling (200m x 200m) completed over known trend of gold mineralisation associated with the Larder Lake-Cadillac Fault (LLCF)
-
Good definition of Au and pathfinder geochemical anomalies utilised for priority 1 & 2 drill testing
-
Broad reconnaissance sampling (400m x 400m) over 100% Chalice claims located south of the LLCF
-
Strong anomalies identified in Pontiac sediment succession require infill sampling (summer 2018 field season) to define drill targets
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
29
==> picture [535 x 398] intentionally omitted <==
----- Start of picture text -----
Nordeau West
M&I Res – 30koz Au – 0.2Mt@ 4.2g/t
Inf Res – 146koz Au - 1.1Mt @4.1g/t
Simon
West Forsan
Nordeau
East
Chimo Gold Mine
(Cartier Resources)
379koz Au @ 4.8g/t
historical production
----- End of picture text -----*
-
Aeromagnetic survey has allowed a synthesis of the main structural features/trends within the greenstone belt succession including:
-
First-order east-west orientated shear zones (black, blue dashed) that define a regional structural corridor known as the Larder LakeCadillac fault zone (LLCFZ) which is traced for 16km across the project area
-
Known gold deposits and occurrences are located on first-order east-west shear zones both within and parallel to the LLCFZ
-
Cross-cutting second-order ENE-trending (yellow) and NW (red) brittle-ductile fault zones appear important for controlling the location of known gold deposits and occurrences at the intersection with the first-order shear zones
-
Drilling is prioritised to test soil geochemical and IP anomalies in areas with supporting structural targets
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
30
==> picture [468 x 396] intentionally omitted <==
12 agreements signed by Chalice between Oct-16 to Nov-17 to consolidate the property
Major holdings / agreements
==> picture [51 x 249] intentionally omitted <==
Chalice pegged (100%)
Richmont / Monarques Gold (earning 70%)
Globex (earning 100%)
Globex / Bateman (earning 100%)
Khalkos (earning 70%)
Investor Presentation - Feb 2018 │ www.chalicegold.com │ ASX:CHN, TSX: CXN
31