Chalice Mining provided update on exploration activities at Julimar

Chalice Mining Limited (ASX:CHN) has provided an update on exploration activities at its 100%-owned Julimar Nickel-Copper-Platinum Group Element (PGE) Project.

The Company confirmed that at northern end of the Gonneville deposit, drilling extended the high-grade sulphide zones. Through this drilling, the Company came across several outstanding broad zones of sulphide mineralisation up to ~650 metres beyond the current Resource in wide-spaced holes.

Drilling Highlights:

• 157.5m @ 1.7g/t 3E, 0.2% Ni, 0.1% Cu, 0.02% Co (0.8% NiEq) from 328m (JD356), incl:
• 48m @ 4.0g/t 3E, 0.2% Ni, 0.3% Cu, 0.02% Co (1.7% NiEq) from 391m.
• 121.8m @ 1.5g/t 3E, 0.2% Ni, 0.1% Cu, 0.02% Co (0.8% NiEq) from 396.4m (JD362), incl:
• 28m @ 2.2g/t 3E, 0.2% Ni, 0.1% Cu, 0.02% Co (1.0% NiEq) from 467m.
• 93.8m @ 1.2g/t 3E, 0.2% Ni, 0.1% Cu, 0.02% Co (0.7% NiEq) from 617.2m (JD328), incl:
• 7m @ 2.1g/t 3E, 0.2% Ni, 0.2% Cu, 0.02% Co (1.0% NiEq) from 637m (JD328), and;
• 8m @ 1.2g/t 3E, 0.3% Ni, 0.3% Cu, 0.02% Co (1.0% NiEq) from 669m (JD328), and;
• 8m @ 4.8g/t 3E, 0.2% Ni, 0.1% Cu, 0.01% Co (1.8% NiEq) from 683m (JD328).
• 62.4m @ 1.1g/t 3E, 0.2% Ni, 0.1% Cu, 0.02% Co (0.6% NiEq) from 853m (JD363), incl:
• 13m @ 1.5g/t 3E, 0.2% Ni, 0.1% Cu, 0.02% Co (0.8% NiEq) from 859m, and;
• 10m @ 1.5g/t 3E, 0.2% Ni, 0.1% Cu, 0.02% Co (0.8% NiEq) from 899m.
• 10.6m @ 2.0g/t 3E, 0.1% Ni, 0.5% Cu, 0.01% Co (1.2% NiEq) from 399.5m (HD033).

Based on the results of drilling, the Company feels that there is a substantial near-term growth potential in the high-grade portion of the existing Resource and a possible deepening of the Resource pit shell at the northern end.

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