November 23, 2016 / 3:27 AM / in a year

BUZZ-Australia's Chalice Gold Mines hits 2-week high; secures gold project in Canada

** Chalice Gold Mines Ltd rises as much as 3.2 pct to A$0.16, its highest in two weeks

** The gold miner enters farm-in term sheet with Richmont Mines Inc to acquire 70 pct in Chimo Gold Project in Canada

** Chalice to pay total option payments of C$200,000 ($148,898.15) and incur exploration expenditures of C$3.1 mln over four years

** Stock up 47.6 pct this year as of Tuesday’s close ($1 = 1.3432 Canadian dollars) (Reuters Messaging: krishna.vkurup.thomsonreuters.com@reuters.net)

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