Chalice Gold Mines Commences East Cadillac Drilling
THE DRILL SERGEANT: Chalice Gold Mines (ASX: CHN) has commenced a maiden diamond drilling program at the company’s East Cadillac gold project, located in Quebec, Canada.
Chalice Gold Mines said the drilling will be targeting along strike of the Nordeau West gold deposit, where it recently reported an updated Mineral Resource estimate.
The company explained the maiden drill program forms part of an expanded exploration program at the East Cadillac project over the upcoming Spring/Summer field season that will include exploration activities ramping up on several fronts.
The Nordeau West extension target is a potential strike continuation of the Nordeau West deposit, where it is interpreted to trend towards the 5M structure reported by neighbour Cartier Resources on its Chimo gold project.
Chalice’s project boundary is 160 metres away from the closest drill-hole intersection reported by Cartier Resources.
Chalice intends testing the Nordeau West extension target with three drill holes to 200m depth (600m of drilling) to test the interpreted extension of the 5M structure onto its holdings, as well as other prospective structures associated with the hangingwall and footwall contacts of the Piche Volcanics.
One drill hole (200m) will test the Nordeau West plunge target and an additional drill hole (200m) will test a shallow up-dip projection of Nordeau West which has not been tested to date.
Drilling will also test an area of strong hydrothermal alteration and associated low-grade gold mineralisation within the Piche Volcanics between the Nordeau West and Nordeau East gold deposits known as the Nordeau Central target.
Drilling will be conducted on two-250m spaced drill sections with holes to 200m depth (800m drilling) with at least one drill hole on each section designed to test the southern (footwall) contact of the Piche Volcanics, which is a favourable contact for gold mineralisation.
A single 200m drill-hole is proposed to follow-up on a potential east plunge extension of the Nordeau East deposit.
Chalice has undertaken additional claim staking for a total of 50.15 square kilometres contiguous with the southern margin of the East Cadillac gold project.
The newly expanded East Cadillac gold project now comprises a total of 107.4sqkm.
“Our exploration team has identified high priority targets for initial drill testing as we kick off what is shaping up as a very busy summer field season on the East Cadillac gold project,” Chalice Gold Mines managing director Tim Goyder said in the company’s announcement to the Australian Securities Exchange.
“Our coordinated and systematic approach to exploration, drawing on the latest techniques and methodologies, is delivering encouraging results and helping to unlock the potential of what remains an under-explored area of the Larder Lake-Cadillac Fault.”
Email: info@chalicegold.com
Website: www.chalicegold.com