Mogoraib North

The 550 sq km Mogoraib North Exploration Licence, granted in January 2011, lies approximately 10 kilometres north of the word class Bisha polymetallic Volcanic-hosted Massive Sulphide (VHMS) deposit owned by Nevsun Resources Ltd (TSX:NSU)(AMEX:NSU) (60%) and the Eritrean National Mining Corporation (ENAMCO) (40%) which commenced production in early January 2011.

The volcano-sedimentary rocks hosting the Bisha deposit extend northwards beneath the Mogoraib North EL, although much of the basement geology is masked by recent alluvial cover. A regional interpretation of Landsat imagery conducted by Chalice in 2009 identified several ‘islands’ of exposed bedrock within these later sediments with Bisha-like signatures, and the Licence was lodged to cover these anomalies (Figure 1).

Results obtained by a previous explorer confirm anomalous levels of gold and base metals are associated with some of these anomalies, particularly the Lokage Gossan in the southeastern part of the licence.

Figure 1:  Mogoraib North Exploration Licence with Landsat image
showing interpreted anomalies

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.