Chalice, Sub-Sahara to tie the knot

GOLD juniors Chalice Gold Mines and Sub-Sahara Resources are set to merge their businesses in a move to consolidate ownership and fund development of the 1.04 million ounce Zara gold project in northern Eritrea, east Africa.

Chalice, Sub-Sahara to tie the knot Chalice, Sub-Sahara to tie the knot Chalice, Sub-Sahara to tie the knot Chalice, Sub-Sahara to tie the knot Chalice, Sub-Sahara to tie the knot

The proposed merger will take place by way of a scheme of arrangement and will combine the cashed-up Chalice – which currently has $A10 million in the bank – with Sub-Sahara’s 69% stake in the Zara