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GOLDEN CHALICE RESOURCES INC.
FOR IMMEDIATE
RELEASE
www.goldenchaliceresources.com
TSXV: GCR
September 28,
2007
ZAVITZ PROPERTY ACQUIRED
Golden Chalice Resources Inc. (TSXV: GCR) is pleased
to announce the acquisition of a 100% interest in the Zavitz Property, located
in the Hincks Township, Larder Lake Mining Division, Ontario
approximately 45 kilometres southeast of Timmins, Ontario. Consideration
for the Property consists of the issuance of 30,000 shares. There is no
net smelter return payable.
Copper
and gold mineralization were first discovered on the Zavitz Property in the
early 1970’s. Historical trenching and channel sampling indicate
that native copper and chalcopyrite occur over a large area in folded mafic
volcanics. The property has potential to host volcanogenic massive
copper-zinc-gold sulphide mineralization.
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.