By Equities.com, Chalice Gold Mines Limited (ASX: CHN; TSX: CXN) is pleased to advise that it has intersected a zone of massive pyritic sulphides with significant copper and zinc values in drilling at its Mogoraib North Project in Eritrea, East Africa (Chalice – 60%; Eritrean National Mining Corporation (ENAMCO) – 40%). Diamond drill hole MOGD-00021, […]
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Chalice Gold turned Red after selling its lucrative Zara Gold Deposit in Eritrea to China BY CHALICE GOLD MINES, Chalice Gold Mines Limited (ASX: CHN/TSX: CXN) is pleased to announce that it has today completed the sale of the Zara Gold Project in Eritrea to China SFECO Group for US$78 million plus a deferred payment of […]
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BY TESFANEWS The increasingly aggressive Chinese investment group in Eritrea, SFECO, again won the second phase of supplying various machinery and equipment worth 61.54 million USD. It also won another multi-million dollar EPC contract for Hirgigo Power Plant 2*23MW Extension project. Eritrea’s ambassador to China, Mr. Tsegai Tesfazion and Vice-President of China SFECO Group, Mr. […]
Continue ReadingThe tale of Eritrea’s first major miner, Nevsun, which has had mixed fortunes this year and gold explorer, Andiamo Exploration, whose chairman has been a long time believer in the country’s mineral potential. By Lawrence Williams, Two interesting presentations today at a Mining Journal Investor Seminar in London – one from an already operating, dividend-paying, […]
Continue ReadingBy Marketwire, Chalice Gold Mines Limited (TSX:CXN)(ASX:CHN) is pleased to announce that it has reached agreement with the Eritrean National Mining Corporation (“ENAMCO“) for ENAMCO’s acquisition of a 30% participating interest in Chalice’s Zara Gold Project in Eritrea, East Africa, paving the way for final permitting, financing and development of the Zara Gold Project. The […]
Continue ReadingChalice Gold Mines has shown progress in commercial discussions with ENAMCO on the terms and purchase price for the acquisition of ENAMCO’s 30% paid participating interest in the Zara Project. The project permitting process, including negotiation of the Mining Agreement, is also proceeding as expected.
Continue ReadingReuters – Eritrea has granted Australia’s Chalice Gold Mines (CHN.AX) two new exploration licences covering 830 square kilometres in the north of the Horn of African nation, the miner said in a statement. Chalice said in a statement on Thursday its licences for the Zara North and Zara South had also been changed to exploration […]
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