Golden Chalice stakes 6,256 hectares adjoining Langmuir
2007-05-23 20:38 ET - News Release
Mr. Richard Hughes reports
GOLDEN CHALICE RESOURCES INCREASES LAND POSITION AT NEW NICKEL DISCOVERY
Golden Chalice Resources Inc. has staked 391 additional claim units covering 6,256 hectares (15,600 acres) adjoining the company's Langmuir property. The company's landholdings now cover over 30 kilometres of favourable stratigraphy for hosting nickel, copper, platinum and palladium mineralization. The total land package for the Langmuir property is now 851 claim units covering 13,616 hectares (34,000 acres).
The Langmuir property covers a mafic to ultramafic suite of flows and sills with interflow sediments. An airborne VTEM survey has been flown over only 30 per cent of the property. Of the 18 target areas identified by the survey, only eight have been tested by drilling. As reported in Stockwatch on May 16, 2007, the sixth target drilled intersected 1.14 per cent nickel over 72.50 metres, including two separate heavily mineralized intervals of 2.23 per cent nickel, 0.22 per cent copper (Cu), 0.20 gram per tonne platinum (Pt) and 0.50 g/t palladium (Pd) over 17.50 metres of drill core, and 1.74 per cent Ni, 0.12 per cent Cu, 0.20 g/t Pt and 0.47 g/t Pd over 13.10 metres of drill core. |
