Business
New Model for Langmuir Nickel Property
New Model for Langmuir Nickel Property
About this update from Clean Energy Transition Inc.
[{"type":"text","content":"New Model for Langmuir Nickel Property\n\n\n\nNew Model for Langmuir Nickel Property\n\nVancouver, British Columbia CANADA, May 14, 2008 /FSC/ - Golden Chalice Resources Inc. (GCR - TSX Venture, GCRIF - OTCBB_Pink_Sheets), (GCR) is pleased to announce that a diagram of large conductive bodies identified by new modelling of the Langmuir airborne VTEM survey data is now available on the Company website, www.goldenchaliceresources.com.\n\nThis modelling has detected numerous large conductive bodies at depth that have geophysical signatures similar to the discovery zone. The conductive bodies occur at depths of over 300 meters beneath the discovery zone. They can be traced for over 2 kilometres along strike. They have never been tested and occur well beneath any drilling to date. One of these deep conductive bodies is currently in the process of being drilled and the stratigraphy intersected at depth to date possesses strong similarities to the rocks hosting the Langmuir nickel discovery. This is the first drill hole to be drilled on these deep seated conductive bodies.\n \nManagement is extremely encouraged by the results to date and plan to continue to test these deep conductive targets with two drills. For additional information on the Langmuir Discovery, including a diagram of the nickel discovery zone and a cross section, please visit our web site.\nPeter Caldbick, P.Geo., and Kevin Montgomery, P.Geo. are the qualified persons for the purposes of National Instrument 43-101 for the Company's Langmuir Project.\n\nAbout Golden Chalice\n\nGolden Chalice is well positioned to discover and capitalize on world class gold, silver, copper, nickel, zinc, platinum and palladium deposits. During the last few years the Company has strategically accumulated large land packages in existing mining or mineral districts such as the Abitibi in Ontario and the Bathurst Camp in New Brunswick. These properties have existing infrastructure and are often within road access to metallurgical facilities to process mined ores. Details relating to exploration activities on specific properties will be announced during the coming months as the work program is implemented.\n\nCONTACT INFORMATION\nCorporate Inquiries:\tAlan Campbell, Investor Relations\n(604) 68...