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Distributed: May 24, 2010

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Sydney, May 24, 2010 (ABN Newswire) - FINANCE VIDEO: Chalice Gold Mines (ASX:CHN) Director Michael Griffiths Speaks at Sydney RIU Resources Round-up in May 2010.

Chalice Gold Mines Limited (Chalice) is a progressive exploration and development company dedicated to building shareholder value through focused exploration, discovery and development of high quality gold and base metal projects in Africa and Australia.

Based in Western Australia, Chalice owns an 80% interest in the strategically-positioned 615 square km Zara Project in Eritrea, East Africa. The Company has already commenced Scoping and Feasibility Studies aimed at rapidly progressing the high-grade ~1Moz Koka Gold Deposit to production in late 2011.

In addition, the emerging Zara gold and base metal district controlled by Chalice remains virtually untouched by modern exploration, with numerous artisanal gold mining sites, gold geochemical anomalies and base metal anomalous gossans presenting numerous targets for immediate follow-up. Based on these targets and others being generated by an active exploration program, Chalice expects to quickly build on its existing Koka gold resource to maximise the project's economic potential - both for gold and base metals.

View the Video Here:
http://www.abnnewswire.net/multimedia/en/62932/Chalice



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