GOLDEN CHALICE RESOURCES INC.
#711 – 675 West Hastings Street,
Vancouver,
B.C. V6B 1N2 Telephone: 604-685-2222 Fax: 604-685-3764
www.goldenchaliceresources.com
TSXV: GCR
FOR IMMEDIATE
RELEASE
December 5,
2007
Golden Chalice Resources Commences Drilling in the
Bathurst Zinc-Lead-Silver Mining District
Golden Chalice Resources Inc.
(TSX-V: GCR) is pleased to announce the commencement
of drilling on the Taylor Brook Property south of Bathurst, NB.
The Property is located 16 km
south east of Xstrata’s world famous Brunswick
#12 base metal mine and 10
kilometres east of the Brunswick #6 mine. The Brunswick #12 deposit is
reported to have contained over 220 million tonnes of 7.66% zinc, 3,26% lead,
0.46% copper, 0.46 g/t gold and 91 g/t silver. As one of the
world’s largest base metal mines, the Brunswick #12 has produced over 150 million
tonnes of zinc-silver-lead-copper ore since the discovery of the deposit in the
1950’s.
The Taylor Brook property is located in an area of the Bathurst
mining camp where younger rocks overlie the older Brunswick #12 type of volcanic and
sedimentary rocks. Until recent years the technology was not available to
detect geophysical anomalies that could be associated with base metal
mineralization beneath the younger rocks. The younger rocks can be in
excess of 100 metres in thickness.
Golden Chalice Resources (GCR) commissioned Geotech
to fly a VTEM airborne survey over the Taylor Brook Property to explore for a Brunswick #12 type of
deposit beneath the younger cover rocks. The VTEM system was also
used to discover GCR’s Langmuir nickel
discovery. The survey results indicate there are more than 20 favourable targets beneath the cover rocks to test by
drilling. The Company plans to initially drill at least 1000 metres to test a number of the targets that could represent
a Brunswick #12
type of deposit.
About Golden
Chalice
Golden Chalice is well positioned to discover and capitalize on world
class gold, silver, copper, nickel, zinc, platinum and palladium
deposits. During the last couple of 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.
GOLDEN CHALICE RESOURCES INC.
On behalf of the Board of Directors
Richard W. Hughes, Chairman
For Further
Information Contact: The Hughes Exploration Group; Phone: (604) 685-2222 or
visit Golden Chalice’s web-site: www.goldenchaliceresources.com
to see Smartstox interviews with Company Chairman and
President.
This
document contains certain forward looking statements which involve known and
unknown risks, delays and uncertainties not under the corporation’s
control which may cause actual results, performance or achievements of the
corporation to be materially different from the results, performance or
expectation implied by these forward looking statements.
The
TSX Venture Exchange has not reviewed and does not accept responsibility for
the adequacy or accuracy of this news release.