May 3 (Reuters) - Chalice Gold Mines Ltd CHN.AX :
* TO ACQUIRE UP TO AN 80 PERCENT INTEREST IN DENAIN-PERSHING PROJECT FROM RENFORTH RESOURCES INC.
* TO EARN INTEREST IN PROJECT BY MAKING OPTION PAYMENTS OF C$200,000 & FUNDING EXPLORATION EXPENDITURES OF C$1.25 MILLION OVER 3 YRS