Chalice Gold Mines - March 2013 Quarterly Report

PERTH, Western Australia, April 16, 2013 /CNW/ - Chalice Gold Mines ("the Company") ASX:CHN TSX:CXN advises that its Activity and Cash Flow Reports for the quarter ended March 31, 2013 have been issued today.  The full texts of these reports are available at the Company's website www.chalicegold.com and under the Company's profile at www.sedar.com.

Quarterly Highlights

• Drilling re-commences at Mogoraib River prospect in Eritrea, East Africa, within a +6km strike length of prospective VMS trend where there is potential for a significant VMS system.
  

• With cash reserves of A$51.3M, Chalice is actively targeting high quality gold and copper resource projects worldwide, to lay the foundations for its next growth chapter.

SOURCE: Chalice Gold Mines Limited