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Northern Ontario Business - May 2008
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Golden Chalice discovers potential at depth on Timmins-area property

While drilling continues on Golden Chalice Resources Inc.'s Timmins-area Langmuir Nickel Discovery to build to an industry-compliant resource estimate, airborne electromagnetic surveys have found large conductive bodies at depth.

Occurring at over 300 metres beneath the initial discovery zone, these bodies also share geophysical signatures similar to the discovery zone and can be traced for two kilometres along strike.

One is currently being drilled, and the rock layers intersected at depth are similar to those hosting the Langmuir nickel discovery.

Plans are in place to test these conductive targets with two drills.

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