=======================================================================
Re: News Releases - Wednesday, September 23, 2009
Golden Chalice Resources Acquires Kenogaming Gold Property in
West Timmins along Destor-Porcupine Fault
=======================================================================
.. PROPERTY LOCATED AT INTERSECTION OF DESTOR-PROCUPINE FAULT AND
NORTH-SOUTH SPLAY
.. CLAIMS CONTIGUOUS WITH TIMMINS WEST/RADIO HILL PROPERTY
VANCOUVER, BC - Golden Chalice Resources Inc. (TSX-V: GCR) ("The
Company") is pleased to announce, subject to regulatory approval, the
acquisition of a 100% interest in the Kenogaming gold property. The
Kenogaming property consists of ten claims (100 units) in Kenogaming
Township, Porcupine Mining Division. The property is accessible by
road and is approximately 50 km southwest of Timmins and builds on the
Company's land package in the area.
"The acquisition of this gold property along with our recent
announcement to move forward with exploration on the Timmins West/Radio
Hill project will ensure the Company maximizes its exposure to precious
metals. Drilling is also underway on gold targets on the Company's
Abitibi East property, paid for by a private company," states Company
Chairman, Richard Hughes. "We look forward to bringing the Kenogaming
gold property forward and are currently using historic data to plan the
initial exploration program."
To view a map of the Kenogaming gold property, located in the West
Timmins district, please click on the following link:
http://www.goldenchaliceresources.com/i/pdf/TimminsWest.pdf
The property occurs along what may be a splay off the prolific
gold-bearing Destor Porcupine Fault Zone ('DPFZ'). The DPFZ hosts the
world famous Timmins gold camp as well as other gold deposits in the
Harker-Holloway area of Ontario. Potential for gold mineralization may
be evidenced by historical gold-bearing quartz boulders found down
glacial ice-direction of the properties.
Consideration for the property consists of $115,000 and 500,000 shares,
payable over four years. There is a 3% net smelter return payable,
one-third (1%) of which may be purchased for $1,500,000 and the final
1% for a further $1,500,000.
The Company also announces it has granted 635,000 stock options to
directors and officers of the Company and 1,440,000 stock options to
employees and consultants at a price of $0.10 per share for a period of
five years.
About Golden Chalice
Along with its Abitibi East Property, the Company's continues to be
focus on its flagship Langmuir Project where 2007 drilling intersected
72 meters of 1.14% nickel. The Langmuir Project is easily accessible by
road and is near existing mining infrastructure in the Timmins camp,
host to numerous world-class gold and base metal deposits. The Company
owns 100% of the property which covers more than 30 km of favorable
stratigraphy with potential for hosting Kambalda-style deposits.
Along with the Langmuir Project, the Company has recently brought
forward a number of its gold projects, including the Timmins West and
Abitibi East properties.
Golden Chalice has assembled a portfolio of properties in established
mining and mineral districts, notably the Abitibi in Ontario, the
Bathurst camp in New Brunswick, and a joint-venture project in Nevada.
CONTACT INFORMATION
Corporate Inquiries: Alan Campbell or Kevin Hull, Investor Relations
Phone: (604) 685-2222
Email: info@goldenchaliceresources.com
Website: www.goldenchaliceresources.com
AGORACOM Investor Relations: Email: GCR@agoracom.com
Website: http://www.agoracom.com/ir/goldenchalice
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.
,
=======================================================================
Copyright (c) 2009 GOLDEN CHALICE RESOURCES INC. (GCR) All rights
reserved. For more information visit our website at
http://www.goldenchaliceresources.com/ or send
mailto:info@goldenchaliceresources.com
Message sent on Wed Sep 23, 2009 at 6:34:38 AM Pacific Time
=======================================================================
.
<
|
Rogue Resources
|
|
EXPLORATION STAGE |
CODE : RRS.V |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Rogue Res is a nickel and palladium exploration company based in Canada. Rogue Res holds various exploration projects in Canada. Its main exploration properties are SHILLINGTON, ABITIBI EAST, UKE, RADIO HILL, TIMMINS WEST and LANGMUIR in Canada. Rogue Res is listed in Canada and in United States of America. Its market capitalisation is CA$ 477 500 as of today (US$ 381 786, € 355 424). Its stock quote reached its highest recent level on August 17, 2007 at CA$ 98.99, and its lowest recent point on March 27, 2020 at CA$ 0.02. Rogue Res has 9 550 000 shares outstanding. |