ABN: 44 114 553 392
Registered Office: Level 2, 9 Havelock Street, West Perth WA 6005
Postal Address: PO Box 1160, West Perth WA 6872
18 January 2018
Company Announcements Office ASX Limited
Level 4, 20 Bridge Street SYDNEY NSW 2000
Chalice withdrawal from Pilbara JV
Telephone: (61 8) 9481 8627
Facsimile: (61 8) 9481 8445 E-mail:redhillinfo@redhilliron.com.au
Website:www.redhilliron.com.au
The Company has received notice from Chalice Gold Mines Limited (Chalice) that it is withdrawing from its gold and base metals joint venture on Red Hill's tenements in the Pilbara.
Further information on the JV activities will be supplied in Red Hill Iron's December Quarterly Report. A precis of the Chalice information is set out below:
"During the quarter, Chalice completed reconnaissance aircore and RC drilling programs to follow-up on gold and base metal targets identified at the Wyloo West, Wyloo East, Ken's Bore, Derek's Bore, G1, B2 and Red Hill prospects.
In total, 276 holes for 9,259m were drilled including 276 AC holes for 5,685m and 59 RC holes for 3,574m. While anomalous results were returned from several of the prospects, they are not considered sufficiently encouraging to warrant follow-up exploration. Accordingly, the Company has provided notification to Red Hill of its withdrawal from the farm-in and joint venture agreement, subsequent to quarter-end."
N Tomkinson Chairman
Chalice Gold Mines Limited published this content on 18 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 January 2018 10:04:03 UTC.
Original documenthttp://clients3.weblink.com.au/Clients/chalice/headline.aspx?headlineid=6868603
Public permalinkhttp://www.publicnow.com/view/F8A6A4C1B47A76B1CD15177778AF8118DCA5D9AA