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From: B-Haile (eritrea.lave@comhem.se)
Date: Tue Nov 02 2010 - 11:17:36 EST
Corporate Presentation Update - November 2010
Eritrea Project Snapshot
- Chalice is a gold development company in the highly prospective and underexplored Arabian-Nubian Shield
- Chalice is developing the high-grade, low cost Zara Project in Eritrea
- Open pit -760,000oz Ore Reserve @ 5.1g/t Au
- LOM production of 104,000oz pa
- US$338/oz cash operating costs
- Significant exploration upside
- Significant near mine exploration program underway
- 20,000 km2of regional exploration tenements and applications
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