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

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To: AuBug who wrote (40356)	5/19/2007 3:17:46 PM
From: E. Charters	Read Replies (1) of 78428

And they have drilled Langmuir before. With four holes. In 2005. They also drilled Abitibi east with a few holes. Perhaps holes 1 through 5 are there. They said they intended to drill Langmuir right after AE. They also drilled Katrine, possibly chasing G. Cooper's gold property there. That I would guess as a Hughes sort of endeavour. He does like to tie on and try related stuff. Nope, I see Row and Katrine are cu-ni bets. Well, shiver me timbers. "Golden Chalice Resources Inc. (GCR) is pleased to announce that drilling has commenced on the Katrine and Row Properties. The properties are road accessible and are located about 20 kilometres north of Larder Lake, Ontario." ********************* Golden Chalice first explored this land package in the spring of 2005 with four short drill holes that tested a geophysical HLEM conductor in the south central part of Langmuir. Drilling successfully intersected graphitic argillite with strong pyrrhotite mineralization hosted within a peridotitic komatiite that contains elevated background nickel values, up to 1800 ppm nickel occurring ubiquitously throughout the peridotites. The graphitic horizon was interpreted to be the possible source of sulphur for the precipitation of nickel sulphides which tend to "pool or puddle" within paleotopographic depressions at the base of these peridotitic flows. The short test holes, approximately 125 meters each, may have only skimmed the surface of these deeper deposit types. Golden Chalice has since employed the state of the art airborne VTEM survey to identify additional attractive sulphide targets. The Company has also engaged the services of Mr. Kevin Montgomery, M.S.c., P.Geo who has considerable experience in targeting and drilling Kambalda style targets such as the Alexo-Dundonald deposits. Mr. Montgomery has undertaken an historical geological compilation of the area and integrated this data with the VTEM anomalies to facilitate the drill target selection process. More than 15 priority targets have been initially identified for drilling

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