News ..on Langmuir...Still finding Nickel ...Grades a little lower but found another Zone.
Selloff on this NO!!!!!!...Someone playing I think....
Golden Chalice Resources Inc.: Golden Chalice Resources - Langmuir Nickel Discovery
Vancouver, British Columbia CANADA, Jul 20, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Golden Chalice Resources Inc. (GCR - TSX Venture, GCRIF - OTCBB_Pink_Sheets), is pleased to announce that nickel mineralization continues to depth at the Langmuir Nickel Discovery. The Langmuir Property is located about 35 km south of Xstrata's Kidd Creek Metallurgical site in Timmins, Ontario. Partial assay results from the third drill hole, GCL07-11, suggest that nickel (Ni) mineralization occurs in multiple zones at depth. In addition, full assay results from drill hole GCL07-10 indicate higher-grade platinum (Pt) and palladium (Pd) grades for massive sulphide mineralization.
Drill hole GCL07-11 was collared 75 meters south of GCL07-6, the initial discovery hole which reported 72.90 meters drilled width of 1.14% Ni, and an updip drill hole GCL07-10 which intersected 2.36% Ni over 14.90 meters of drilled width.
Drill hole GCL07-11, drilled at -45 degrees downdip of the first two drill holes, encountered three separate mineralized intervals of nickel mineralization. The first interval from 213.0 to 220.80 meters intersected 0.89% Ni, 0.06% Cu, 0.21 g/t Pd and 0.18 g/t Pt over 7.80 meters drilled width. A second mineralized interval from 264.30 to 270.30 meters intersected 1.52% Ni, 0.21% Cu, 0.29 g/t Pd and 0.13 g/t Pt over a drilled width of 6.0 meters. The third mineralized zone encountered 1.11% Ni, 0.13% Cu, 0.23 g/t Pd and 0.11 g/t Pt over a drilled width of 11.60 meters from 314.40 to 326.0 meters.