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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: que seria	8/14/2007 8:56:15 AM
	of 78417

Golden Chalice hits more nickel: biz.yahoo.com Compared to discovery hole, the grade is about the same, the intercept is less than half, the hole steps out only 25 meters from discovery hole, and it appears the mineralization may be faulted off in the direction they're drilling. Assays are pending on 4 holes, 2 of which give the preliminary indications just noted: Assay results for completed drill holes GCL07-12 and GCL07-13 are also pending. Both holes were collared from the same setup 25 meters grid east of discovery hole GCL07-06. They intersected reduced sulphide mineralization and numerous dykes within ultramafic volcanics different from the host peridotites of the main mineralized zones. This change in volcanics may be the result of north-south faulting that could have offset the nickel zone. In the coming weeks, a second drill is expected to explore for the grid east extension of the mineralized horizon. Still early.

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