Kinebik Gold Project

The Opportunity

The 100% owned Kinebik Gold Project is lcoated in an underexplored greenstone belt, which hosts significant gold deposits including the Casa Beradi gold deposit (c. 6 million ounces of gold).

Location

The Kinebik Gold Project is located 150km to the north of Chalice's flagship East Cadillac Project, in the prolific Abitibi region, Quebec, Canada. The tenement area covers 30km of strike along the renowned Casa Beradi Fault with a total project area of 187km2.

Figure 1. The Kinebik Gold Project location and nearby gold occurences.

Geology and Mineralisation

Geochemical sampling completed in 2016 and 2017, including MMI soil and Black Spruce bark geochemical surveys have defined numerous overlapping anomalies located in a region dominated by meta-sediments and banded Iron Formation. A 3D-IP and ground magnetic survey was completed and combined with the historical geochemistry to define several reconnaissance drill targets.

Figure 2.  The maiden Kinebik drilling program will test the South Anomaly, identified from soil and bark geochemistry in 2017.

Acquisition Terms

The Kinebik Project is 100% owned by Chalice.