Tag Archives: Zara Mining Share Company strikes deal with Eritrea

Chalice Gold Mines Strikes Deal with Eritrea

Signing ceremony of the agreement between Zara Mining Share Company (ZMSC) and Eritrea on the development of the Zara project

By Proactive Investors,

Chalice Gold Mines (ASX:CHN)(TSX:CXN) has moved closer to development of its Koka Gold Mine at the Zara Project after executing an agreement with the Government of the State of Eritrea.

Chalice’s 60 per cent-owned Eritrean joint venture company, Zara Mining Share Company (ZSMC), struck the deal with Eritrea which governs the future development and operation of the Zara Project.

ZMSC has also applied for a Mining License for a period of 18 years, which the Government has advised will be issued shortly. Continue reading Chalice Gold Mines Strikes Deal with Eritrea