Hurum

Hurum Exploration Licence

 
The 275 sq km Hurum Licence, granted in January 2011, lies adjacent to and southwest of the Company’s Zara South Licence.

The property straddles the Elababu Shear Zone, a major regional structure that controls much of the known gold mineralisation in northern Eritrea, including the Company’s flagship Koka Gold Deposit (Indicated Resources of 5Mt grading 5.3 g/t) which lies ~40 kilometres to the northeast.

Recent stream sediment sampling has identified an area of highly anomalous gold values in the north of the property, surrounding the Babtono artisanal workings (Figure 1).

Figure 1: Hurum Exploration Licence showing stream sediment geochemistry

This prospect is currently the target of detailed geological mapping and soil sampling, with follow-up trenching prior to possible drilling later in 2011.

Competent Person Statement
The information contained on this website that relates to Exploration Results is based on information compiled by Dr Doug Jones, a full-time employee and Director of Chalice Gold Mines Limited, who is a Member of the Australasian Institute of Mining and Metallurgy and is a Chartered Professional Geologist. Dr Jones has sufficient experience in the field of activity being reported to qualify as a Competent Person as defined in the 2004 edition of the Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves (the JORC Code) and is a "Qualified Person" under National Instrument 43-101 - 'Standards of Disclosure for Mineral Projects‘. Dr Jones consents to the release of information in the form and context in which it appears here.