Chalice Gold Mines Limited (ASX: CHN) made substantial progress in the March quarter towards its goal of becoming a significant African gold producer based on its rapidly advancing Zara Project in Eritrea.
Completion of infill drilling at Koka Main has continued to confirm the high grade nature of the ore body and these results will form part of a revised resource estimate expected to be completed in the June quarter.
Chalice now also has the option to take a 100 per cent* ownership interest in Zara following execution of an option agreement over the remaining 20 per cent of the project from Dragon Mining Limited.
Chalice has also announced its intention to list on the Toronto Stock Exchange, which will provide increased exposure to the larger North American and European capital markets. The Company has engaged Canadian broker and corporate advisory firm Haywood Securities Inc to act as the Company’s sponsor for the intended application for the TSX listing.
