Chalice Gold - Cameron Gold Project
Chalice Profile
With a significant cash balance, Chalice’s primary focus has been, and continues to be on targeting high quality mining projects globally with strong cash flow generation potential.
The acquisition of the Cameron Gold Project in November 2013 was an important step in implementing Chalice’s strategy. The Cameron Project is a quality exploration and development asset, with a solid resource, in a low-risk, favourable mining jurisdiction. The project has good grades, excellent exploration upside potential and access to good infrastructure with a local labour force with strong mining experience.
Chalice will look to add significant value to the project by undertaking a targeted exploration program to increase “near mine” resources along with the evaluation of future development options.
The Board also approved a second leg to Chalice’s strategy, targeting a limited number of high quality “drill ready” exploration opportunities, in low risk mining jurisdictions on a deal by deal basis. The rationale being to take advantage of both the ongoing tightness in the equity markets for junior exploration companies and the significant decline in costs of drilling.
Refer to the “Projects” section of this website for further details of Chalice’s exploration opportunities.
Chalice is well positioned to execute its growth strategy, with a strong Board, an experienced technical team and a strong balance sheet.
Source: http://chalicegold.com/about-us
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