Announcement Date: 2022-08-22
Announcement Type: Deposit Estimation
Announcement Code: JORC
Company name: Chalice Mining Ltd.
Project name: Julimar
Location: Australia
Commodities: Gold,Palladium,Platinum,Copper,Nickel,Cobalt
Highlight: Updated Resource Estimate for Project
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Chalice Mining Limited (“Chalice” or “the Company”, ASX: CHN | OTCQB: CGMLF) is pleased to report an updated Mineral Resource Estimate (Resource) for the Gonneville Deposit (Deposit), the first discovery at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project, located ~70km north-east of Perth in Western Australia. The large-scale PGE-Ni-Cu-Co-Au Deposit is entirely located within Chalice-owned farmland and remains open to the north and at depth. Since the maiden Resource was reported in November 2021, drilling at Gonneville has largely been focussed on shallow infill, to improve the confidence level of the Resource from the Inferred category to Indicated. The proportion of Indicated category resources has increased from ~45% to ~70% of the total. Step-out drilling has also continued to evaluate the broader extent of mineralisation. The drilling and remodelling has resulted in a ~5% increase in the Resource mass and contained nickel equivalent metal relative to the maiden estimate. This increase is largely due to
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