Golden Chalice Advances Nickel Find

The Smartstox Online TV Talk Show is alerting its subscribers and other resource stock investors to the progress of Golden Chalice Resources Inc. (TSX-V: GCR) (PINKSHEETS: GCRIF) in its exploration of their Langmuir Nickel discovery near Timmins Ontario. Golden Chalice announced their discovery in May 2007 and they have been working since to find the extent of the discovery zone and learn about the geological environment that hosts the mineralization. Yesterday the team announced that drilling at the project continues to intersect high-grade mineralization, and that the same rock types and style of mineralization found at the discovery zone have been identified some 700 metres from the initial discovery. Recent shallow infill drilling on the Discovery Zone itself has helped better define the continuity and grade of mineralization. Notable assays include drill hole GCL08-51 that intersected 3.13% nickel over a drilled width of 10.60 meters, and drill hole GCL08-48 that intersected 1.74% nickel over a drilled width of 14.0 meters. Last year’s discovery hole intersected 72.4 metres of 1.14% nickel. In addition to the nickel, significant copper and PGM values are present as well. Newly modeled deep conductivity targets have just begun to be tested, and the first hole in this part of the program has intersected the same rock type of the initial discovery. What Golden Chalice geologists have found are peridotitic komatiitic rocks that have approximately 2 to 3% interstitial disseminated sulphides. Komatites are rare Archean age volcanic rocks, and komatiitic lava is believed to have flowed as fluidly as water. Within the flow channels of the lava, nickel sulphides were concentrated in depressions. This deposition style is known as ‘Kambalda-style’ mineralization after the Kambalda region of western Australia where multiple high-grade nickel deposits occur within internal channel pathways of similar ancient komatiitic flows. In our recent Smartstox interview with John Keating, president of Golden Chalice Resources, he explains more about the company’s growing understanding of their discovery, including the strong possibility that there are other nickel-copper-PGM deposits to be found nearby within the komatite flow channels. The interview is available at http://www.smartstox.com/interviews/gcr.php. To view the full Smartstox interview line-up, visit http://www.smartstox.com. Smartstox.com provides investment-related content through video and audio interviews with the management of small cap companies, along with written profiles on those groups. Disclaimer: The content prepared by DSMA/Smartstox is for informational purposes only. Any third party statement and/or opinion and/or any forward-looking statement expressed within any DSMA/Smartstox content shall not be considered a recommendation or endorsement from DSMA/Smartstox to buy or sell securities from companies profiled by Smartstox. The organizations themselves compensate Smartstox.com for production of the materials. DSMA/Smartstox content has not been reviewed by any securities authority. Viewers are encouraged to read our full disclosure at http://www.smartstox.com.