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Re: News Releases - Wednesday, June 24, 2009
Golden Chalice Resources Commences Surface Exploration Program on
Claims Adjacent to Explor Resources Discovery
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.. NEIGHBOUR EXPLOR RESOURCES INTERSECTS 142 G/TONNE OVER 3 METERS ON
ADJACENT CLAIMS
.. LARGEST LAND HOLDER IN IMMEDIATE AREA
VANCOUVER, BC -- Golden Chalice Resources (TSX-V:GCR) (the 'Company')
is pleased to announce it has commenced early-stage exploration work on
its Abitibi East Property. The property is located northeast of
Timmins and surrounds Explor Resources' Eastford Lake Gold Project on
three sides.
In June of 2008 while testing a 600 meter mag low Explor Resources
intersected 12.7 g/t Au over 7.5 meters with the lower 4 meters
containing visible gold. On February 9, 2009 Explor Resources reported
intersecting 142 g/t Au over 3.0 meters and 45.45 g/t over 3.3 meters.
This area is known as the Lynx Gold Zone and is immediately north of
the Abitibi East Property.
Drilling by Explor Resources identified a belt of carbonatized
ultramafic and mafic volcanics intruded by a number of porphyries as
well as a strong structural trend in the area. Geologists at Explor
Resources believe that this structural zone, in combination with these
altered porphyries, were crucial in the precipitation of hydrothermal
gold bearing fluids that occur within ultramafic intrusives.
A significant portion of this belt of ultramafic intrusives trends on
to Golden Chalice's Abitibi East ground.
The entire property has been flown by Geotech and numerous VTEM
airborne anomalies have been identified. A program of ground truthing
the VTEM anomalies and reconnaissance mapping is currently underway.
In addition, a program of linecutting and Mag-VLF has also started to
delineate potential gold targets along the belt of ultramafics for
follow-up by trenching and/or drilling.
All other recent work on Abitibi East has focused on the VMS potential,
which the Company will be providing an update on in the near future. A
map of the property with potential mineral trends is currently being
produced and will soon be available on the Company website.
Peter Caldbick, P.Geo. has reviewed and approved the press release.
Mr. Caldbick is the qualified person for the purposes of National
Instrument 43-101 for the Company's Abitibi East Project.
About Golden Chalice
Along with its Abitibi East Property, the Company's continues to be
focused on its flagship Langmuir Project. The Langmuir Project is
easily accessible by road and is near existing mining infrastructure in
the Timmins camp, host to numerous world-class gold and base metal
deposits. The Company owns 100% of the property which covers more than
30 km of favorable stratigraphy with potential for hosting
Kambalda-style deposits.
Golden Chalice has assembled a portfolio of properties in established
mining and mineral districts, notably the Abitibi in Ontario, the
Bathurst camp in New Brunswick, and a joint-venture project in Nevada.
CONTACT INFORMATION
Corporate Inquiries: Kevin Hull, Investor Relations
Phone: (604) 685-2222
Email: info@goldenchaliceresources.com
Website: www.goldenchaliceresources.com
AGORACOM Investor Relations: Email: GCR@agoracom.com
Website: http://www.agoracom.com/ir/goldenchalice
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties.
Actual events or results could differ materially from the Company's
expectations and projections.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this news release.
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Copyright (c) 2009 GOLDEN CHALICE RESOURCES INC. (GCR) All rights
reserved. For more information visit our website at
http://www.goldenchaliceresources.com/ or send
mailto:info@goldenchaliceresources.com
Message sent on Wed Jun 24, 2009 at 6:50:32 AM Pacific Time
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VanEck Vectors Global Alternative Energy ETF
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EXPLORATION STAGE |
CODE : RRS.V |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Rogue Res is a nickel and palladium exploration company based in Canada. Rogue Res holds various exploration projects in Canada. Its main exploration properties are SHILLINGTON, ABITIBI EAST, UKE, RADIO HILL, TIMMINS WEST and LANGMUIR in Canada. Rogue Res is listed in Canada and in United States of America. Its market capitalisation is 1.7 millions as of today (US$ 1.2 millions, € 1.1 millions). Its stock quote reached its highest recent level on August 17, 2007 at 98.99, and its lowest recent point on October 27, 2023 at 0.02. Rogue Res has 47 442 200 shares outstanding. |