Chalice looks at second Canadian mine

Dual-listed gold miner Chalice Gold has entered into an option and farm-in term sheet to acquire a 70% interest in the Chimo gold project, in Quebec. Under the terms of the agreement, Chalice could acquire the majority share in the project through total option payments of C$200 000 and incurring exploration expenditure of C$3.1-million over a four-year period.