https://chalicemining.com/site…nnouncements/61089814.pdf
Exceptional high-grade extensional results at Julimar
Step-out drilling continues to extend high-grade zones outside the Gonneville
Resource while initial results at Hartog reveal a prospective intrusive sequenc
Wide-spaced step-out drilling is continuing at Gonneville, focused on expanding the high-
grade, in-pit, indicated and inferred Resource (74Mt @ 1.8g/t 3E1, 0.22% Ni, 0.21% Cu, 0.021%
Co (~1.0% NiEq2)3 into an underground category, as well as potentially increasing the size of
the Resource pit shell.
« New high-grade (>0.6% NiEq) extensional results, up to ~260m beyond the limit of the current
Gonneville Resource pit shell, to be included in the upcoming Resource update in June:
« 3m @ 10.9g/t 3E, 1.0% Ni, 1.0% Cu, 0.06% Co (5.6% NiEq) from 653m (JD220W2);
« 16.4m @ 5.4g/t 3E, 0.5% Ni, 1.3% Cu, 0.03% Co (3.4% NiEq) from 667.9m (JD220W1) incl:
« 6.1m @ 11.5g/t 3E, 1.0% Ni, 0.4% Cu, 0.06% Co (5.4% NiEq) from 667.9m; and
« 3.8m @ 2.9g/t 3E, 0.5% Ni, 4.7% Cu, 0.04% Co (4.7% NiEq) from 677m;
« 3.4m @ 5.3g/t 3E, 1.0% Ni, 0.4% Cu, 0.07% Co (3.3% NiEq) from 661.7m (JD220W1) incl:
« 2.2m @ 7.8g/t 3E, 1.6% Ni, 0.6% Cu, 0.10% Co (4.8% NiEq) from 661.7m;
« 9.1m @ 4.4g/t 3E, 0.7% Ni, 0.3% Cu, 0.04% Co (2.6% NiEq) from 631.9m (JD220W2) incl:
« 5.1m @ 7.1g/t 3E, 1.2% Ni, 0.4% Cu, 0.07% Co (4.3% NiEq) from 631.9m;
« 12m @ 4.1g/t 3E, 0.5% Ni, 0.2% Cu, 0.03% Co (2.2% NiEq) from 633m (JD220W1);
« 4m @ 5.6g/t 3E, 0.1% Ni, 0.1% Cu, 0.01% Co (1.9% NiEq) from 552m (JD258);
« 7.6m @ 3.6g/t 3E, 0.2% Ni, 0.1% Cu, 0.02% Co (1.5% NiEq) from 382.4m (JD250);
« 14m @ 3.2g/t 3E, 0.1% Ni, 0.1% Cu, 0.01% Co (1.3% NiEq) from 567m (JD258);
« 26.9m @ 2.2g/t 3E, 0.2% Ni, 0.3% Cu, 0.02% Co (1.2% NiEq) from 430.1m (JD258).
« Step-out drilling is underway within the ~500m gap between holes JD258 and JD220W2
highlighted above and all zones intersected remain open down-dip.
« Exceptional intersection at the northern base of Gonneville Resource pit-shell highlights the
potential to deepen the pit-shell – 16m @ 10.2g/t 3E, 0.2% Ni, 0.4% Cu, 0.02% Co (4.1% NiEq)
from 330m (JD250).
« Several narrow intervals of ortho-magmatic nickel-copper sulphides intersected in mafic-
ultramafic rocks at the Hartog target – a highly encouraging indication of prospectivity:
« Eight of 70+ planned sites have been drilled at Hartog to date, all targeting lower priority
targets while access is restricted to existing tracks only.
1 3E = Palladium (Pd) + Platinum (Pt) + Gold (Au), with an average in-situ ratio of ~4:1:0.04 (Pd:Pt:Au)
2 NiEq (Nickel Equivalent %) = Ni (%) + 0.37xPd (g/t) + 0.24xPt (g/t) + 0.25xAu (g/t) + 0.65xCu (%) + 3.24xCo (%)
3 Refer to full 9-Nov-21 Mineral Resource Statement in Appendix B
...
bg bh
