Chalice to Maintain its Mogoraib North Deposit after Zara Sale

Chalice Gold vowed to develop its lucrative Mogoraib North Deposit with the significant cash it generates from Zara sale

By TesfaNews,

After Chalice Gold Mines (ASX: CHN; TSX: CXN) announced its intention to enter into a conditional short form agreement with China’s SFECO Group on selling its 60 percent share in the Zara Project in Eritrea, many thought it was a pack and leave for Chalice.

However, Chalice announced today that it will definitely maintain its active presence in Eritrea by undertaking a significant exploration program at its Mogoraib North Project that lies about 100km south of the Zara Project and immediately north of the world-class Bisha mine. Continue reading