10:06 AM EST - Chalice Gold Mines Limited : announced that it has signed agreements on two major new Exploration Licences in Eritrea. Mogoraib EL of 555 sq km lies 10 km north of Nevsun Resources' world-class Bisha gold and base metal deposit and shares similar geology. Hurum EL of 275 sq km adjoins Zara South and straddles the same major regional structure hosting the 840,000 oz Indicated Resource at the Koka Gold Deposit. Exploration expenditures on these licences exceeding $1 million U.S. budgeted for the next 12 months. Chalice Gold Mines Limited
shares T.CXN are trading down $0.01 at $0.69.
