- Chalice Mining (CHN) has received further results from its Julimar Nickel-Copper-Platinum Group Element (PGE) Project in WA
- To date, the company has drilled 87,000 metres which forms part of a much larger 160,000-metre step-out and resource definition drilling program
- Chalice is yet to receive all results but grades have so far peaked at 2.6g/t palladium, 1.4g/t platinum, 0.8g/t gold and 2.2 per cent copper
- According to Managing Director Alex Dorsch, the company is expecting to release its maiden mineral resource towards the end of the third quarter
- Resource definition drilling is continuing with seven rigs on-site and operating
- Chalice is up 4.55 per cent on the market with shares trading at $6.43
Chalice Mining (CHN) has received further results from its Julimar Nickel-Copper-Platinum Group Element (PGE) Project in WA.
To date, 72 diamond holes and 253 reverse circulation (RC) holes have been drilled at the project for 87,000 metres.
This program forms part of a much larger 160,000-metre step-out and resource definition drilling program.
Drilling was undertaken to test the extensions to the high-grade G1 and G2 zones, and the north and down-dip extensions to the G1 and G10 zones.
Chalice is yet to receive all results but grades have so far peaked at 2.6g/t palladium, 1.4g/t platinum, 0.8g/t gold, 0.2 per cent nickel, 2.2 per cent copper and 0.02 per cent cobalt.
These results have extended the G4 and G11 zones to the northeast and the G1 and G2 zones down-dip.
Results are pending for a further 94 holes and will be reported on in due course.
“Even after 87,000 metres over more than 13 months of continuous drilling, we continue to expand of the footprint of our major Julimar discovery, a quite remarkable result that demonstrates the potential world-class nature of the discovery,” Managing Director Alex Dorsch said.
“We are now anticipating resource definition drilling will continue into Q3 2021 and the maiden mineral resource will be released in late Q3 2021,” he added.
Soil sampling and environmental and ground gravity surveys are continuing.
Furthermore, resource definition drilling is continuing with seven rigs on-site and operating.
Chalice is up 4.55 per cent on the market this morning with shares trading at $6.43 at 10:45 am AEST.