Chalice Profile

Chalice Gold Mines Limited (Chalice) is a progressive exploration and development company dedicated to building shareholder value through focused exploration, discovery and development of high quality gold and base metal projects in Africa and Australia.

Based in Western Australia, Chalice owns 100% of the strategically-positioned 615 square km Zara Project in Eritrea, East Africa.  Chalice has recently completed a Feasibility Study, with development targetted to commence in 2011.

In addition, the emerging Zara gold district controlled by Chalice remains virtually untouched by modern exploration, with numerous artisanal gold mining sites, gold geochemical anomalies presenting numerous targets for immediate follow-up. Based on these targets and others being generated by an active exploration program, Chalice expects to quickly build on its existing Koka gold resource to maximise the project’s economic potential.

Chalice is well funded, with sufficient financial resources to conduct an aggressive exploration program.   This is further supported by a Board of Directors and management with a wealth of expertise in the mining and exploration sectors both in Africa and Australia.

A combination of a robust gold resource at the Koka Gold Deposit and the potential for further gold and base metal discoveries within the Zara Project places Chalice in an excellent position for rapid future growth.