Chalice Gold Mines (ASX : CHN | TSX: CXN) is a well-funded junior explorer with district-scale exploration projects across tier-1 mining jurisdictions in Australia and Canada.
Chalice's key projects are the 100%-owned Pyramid Hill Gold Project located in the prospective Bendigo gold district of Victoria, as well as the East Cadillac Gold Project in the equally significant Val-d'Or gold district Quebec.
The Company is in a unique and strong financial position with c.A$26 million in current assets, allowing Chalice to advance exploration projects quickly and at scale. The Company has a proven track record of success, with prudent and well-timed asset sales generating net proceeds of c.A$107 million to date.
District-scale exploration projects in tier-1 high grade gold provinces – Bendigo, Australia and Val-d’Or, Canada. Three rigs currently drilling large-scale greenfield targets
Unique strong financial position: c. A$26M in cash and current assets at 31-Dec-18 (~A10cps) – no capital raised since 2011
Track record of value creation: ~A$107M generated from well timed asset sales, ~A$36M returned to shareholders since 2012