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Golden Chalice Resources Intersects 2.75% Nickel over 24.4 Meters and Begins 2009 Drill Program on Deeper Conductivity VTEM Targets
Golden Chalice Resources Intersects 2.75% Nickel over 24.4 Meters and Begins 2009 Drill Program o...
About this update from Clean Energy Transition Inc.
[{"type":"text","content":"Golden Chalice Resources Intersects 2.75% Nickel over 24.4 Meters and Begins 2009 Drill Program on Deeper Conductivity VTEM Targets\n\n\n\nGolden Chalice Resources Intersects 2.75% Nickel over 24.4 Meters and\nBegins 2009 Drill Program on Deeper Conductivity VTEM Targets\n\n\nVancouver, British Columbia CANADA, February 18, 2009 /FSC/ - Golden Chalice Resources Inc. (GCR - TSX Venture, GCRIF - OTCBB_Pink_Sheets), (the \"Company\") is pleased to announce the latest results from the 2008 infill drill program which focused on the Langmuir Nickel Discovery on its wholly owned Langmuir Property, 35 kilometers southeast of Timmins, Ontario. The infill drill program is further defining the Langmuir Nickel Zone discovered in May of 2007, and is part of an ongoing exploration program which includes drilling of deep-seated VTEM conductors identified by recent airborne geophysical surveys. Drilling has begun on a number of VTEM targets and/or MMI soil geochemistry anomalies.\n\nDrill hole GCL08-69 intersected 2.75% Nickel over a drilled width of 24.4 meters from 34.6 to 59.0 meters including a narrower intercept of 3.79% Nickel over a drilled width of 14 meters from 41.0 to 55.0 meters. This intercept occurs approximately 115 meters west of drill hole GCL07-06 which intersected 1.14% Nickel over 72.50 meters (reported in May 2007) and 30 meters vertically below the bedrock overburden interface.\n\nDrill hole GCL08-68, drilled above hole GCL08-69 intersected 2.90% Nickel over a drilled width of 2.80 meters from 33.6 to 36.4 meters and 0.84% Nickel over 9.0 meters drilled width from 43.4 to 52.4 meters. The upper intercept is approximately 12 meters vertically below the overburden bedrock interface.\n\nAn additional drill hole GC08-67 intersected 1.51% Nickel over a drilled width of 9.75 meters approximately 70 meters west of drill hole GC07-06 and 20 meters vertically below the bedrock overburden interface.\n\nManagement is pleased with the results of the 2008 Langmuir Discovery infill drilling. Drilling has confirmed the near surface presence and strong continuity of nickel mineralization along strike of the original discovery drill hole. The A and B Zone mineralization has been confirmed to a vertical depth of 250 meters below surface and is still open to depth.\n\nCurrent drilling will test for additional new nicke...