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VGE Verlag GmbH
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Chalice: Building an African Gold Mining Powerhouse
Friday, 30 July 2010 02:12
Creating shareholder wealth through exploration and production:
Focused on East Africa, Listed on ASX (CHN), Listing on TSX (August 2010)
100% owned Zara Gold Project, Eritrea (subject to gov’t project participation rights):
High-grade Ore Reserves of 760,000oz @ 5.1g/t: Koka Deposit
Forecast production of 104,000oz pa @ US$338/oz cash operating costs
Outstanding near-mine exploration upside in 6km long Koka-Konate corridor
Recent BLEG results define new gold targets over 10 km of strike
Feasibility Study completed July 2010: targeting mine development 2011
World-class exploration upside:
Koka-Konate gold system
Extensive land position in emerging Arabian-Nubian Shield
• Regional exploration applications made over 24,000 sq km
Poised for production, delivering growth through exploration
Company presentation (PDF 8 MB)
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