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Chalice Gold Mines

11:24 AM EST - Chalice Gold Mines : advises that its Activity and Cash Flow Reports for the quarter ended March 31, 2011 were issued today. Highlights include New drilling programs to commence in April at the Zara Gold Project in Eritrea targeting additions to the current 840,000-oz Indicated Mineral Resource after completion of near mine and regional exploration activities during the March Quarter. Drilling will initially test several attractive new targets revealed by a recently completed Induced Polarisation survey undertaken over the Koka-Konate corridor. Chalice Gold Mines shares T.CXN are trading down $0.04 at $0.50.