Clean Energy Transition Inc V.TRAN

Langmuir property : Inception

[LeMarcus]

https://www.northernontariobusiness.com/industry-news/mining/golden-chalice-pouring-hope-into-timmins-properties-364885

As Golden Chalice recently re-analyzed airborne electromagnetic survey data and detected the presence of 20 clusters of geophysical anomalies, officials have high hopes that they may potentially reproduce some of the same style of deposits.

This is particularly true given the presence of a nickel discovery the company turned up in early 2007 which sparked the imaginations of junior exploration firms and investors alike. An initial hole intersecting 1.14 per cent nickel over 72.4 metres; follow-up drilling has provided results such as 1.62 per cent nickel over 4.9 metres, and 1.19 per cent nickel over 10.25 metres.

The company has since increased the land holdings to 30 kilometres in length, and is currently drilling to define the size of the mineralized zone in anticipation of an industry-compliant resource estimate by mid-summer.

“Finding deposits like these things, they’re not singularly unique phenomena,” says Peter Caldbick, project geologist with Golden Chalice Resources.

“If you’ve found one, the chances of finding more are very, very good.”

To date, this zone features 200 metres of strike length, reaching to a vertical depth of 250 metres below surface. However, with testing of the down plunge extension still underway, Caldbick says there may be even more ore at depth.

While little information is available for the other conductive bodies found on the Langmuir property, 13 targets on these 20 clusters have been examined and are identified as being highly similar to the initial discovery zone. However, they’re said to be much deeper, occurring at depths of over 300 metres beneath it, and can be traced for two kilometres on strike.  That they’ve been found far deeper than any prior drilling and have never been tested add even more to their potential, Caldbick says.