PERTH (miningweekly.com) – Dual-listed gold miner Chalice Gold Mines has set aside A$7.5-million for the exploration of five gold and base metals projects in Canada and Australia in 2018.
Some A$5-million of the budget will be allocated to the East Cadillac and Kinebik gold projects, in Canada, with a further A$2.5-million allocated across the projects in Australia.
“Chalice has systematically assembled a global exploration portfolio that offers outstanding potential for new discoveries in some of the best exploration addresses in the world,” said MD Tim Goyder.
“It is now time to evaluate the potential of this portfolio and we are in the enviable position of having the balance sheet and the in-house technical expertise to support a midtier-scale exploration effort without diluting our shareholders at the company or project level.”
Chalice has a balance sheet of A$53-million in cash and liquid assets.