Chalice increases Canadian foothold

ASX- and TSX-listed Chalice Gold has signed a binding option and farm-in agreement with Canada’s Globex Mining Enterprises to acquire an interest in the Nordeau gold project, in Quebec. Under the terms of the agreement, Chalice will acquire Globex’s share in the project by making yearly option payments totaling C$590 000 over four-years and undertaking exploration expenditure of C$2.5-million also over a four-year period.