Business
Langmuir Project: Significant Near-Surface Nickel Mineralization Intersected on Discovery Zone
Langmuir Project: Significant Near-Surface Nickel Mineralization Intersected on Discovery Zone
About this update from Clean Energy Transition Inc.
[{"type":"text","content":"Langmuir Project: Significant Near-Surface Nickel Mineralization Intersected on Discovery Zone\n\n\n\nLangmuir Project: Significant Near-Surface Nickel Mineralization Intersected on Discovery Zone\n\nDrilling Highlights Include 1.63% Nickel Over 16.2 Meters; Winter Drill Program Also Tests Deep-Seated VTEM Targets\n\n\nVancouver, British Columbia CANADA, December 08, 2008 /FSC/ - Golden Chalice Resources Inc. (GCR - TSX Venture, GCRIF - OTCBB_Pink_Sheets), is pleased to announce additional results from the infill drilling program focused on the Langmuir Nickel Discovery at its wholly owned Langmuir Property, 35 kilometers southeast of Timmins, Ontario.\n\nThe infill drilling program continues to further define the Langmuir Discovery Zone discovered in May 2007, and is part of a larger exploration program that includes drilling of deep-seated VTEM conductors identified by previous airborne geophysical surveys.\n\nHighlights from the infill drill program on the Langmuir Discovery Zone include:\n \n* Hole GCL08-63 intersected 1.63% nickel over a drilled width of 16.2 meters from 103.3 to 119.5 meters. This intercept occurred at about 80 meters vertically below the bedrock-overburden interface overlying the Discovery Zone.\n\n* Hole GCL08-65 intersected 1.18% nickel over a drilled width of 14.0 meters from 20.0 to 34.0 meters. This intercept occurred about 50 meters west of Hole GCL08-63, and about 12 meters vertically below the bedrock-overburden interface.\n\nThese results indicate the near-surface proximity and open-pit potential of the Langmuir Discovery Zone, while also further establishing the continuity of the mineralization. The results of the infill drilling program will be combined with previous drill results and used toward building a NI 43-101 compliant resource estimate for the Langmuir deposit.\n\nRecent results from Holes GCL08-60 to 08-66 are tabulated below (Figure 1), and include Hole GCL08-64, which intersected 1.48% nickel over a drilled width of 21.9 meters announced in a previous press release.\n\nIn addition to the infill drilling program to define the shape and size of the Langmuir Discovery Zone deposit, Golden Chalice is testing recently modeled VTEM conductors identified at depths of more than 300 meters below and along strike of the Discovery Zone.\n\nThe Langmuir Property is easily ...