Rogue Resources

Published : October 18th, 2007

PORPHYRY & WARDEN PROPERTIES ACQUIRED and PROPERTIES UPDATE

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GOLDEN CHALICE RESOURCES INC.

 

FOR IMMEDIATE RELEASE

www.goldenchaliceresources.com

TSXV: GCR                                                                                                                                                

October 17, 2007                                                                                                                                       

 

PORPHYRY & WARDEN PROPERTIES ACQUIRED

and

PROPERTIES UPDATE

Golden Chalice Resources Inc. (TSXV: GCR) is pleased to announce the acquisition of a 100% interest in two properties, as follows, and provide a summary of results for drilling programs earlier this year on a number of properties.

PROPERTIES ACQUIRED:

Porphyry Property

The Porphyry Property consists of 12 units and is located in the Kenogaming Township, Porcupine Mining Division approximately 60 kilometres southwest of Timmins, Ontario.  Consideration for the Property consists of the payment of $61,000 over a period of 36 months .  There is a 3% net smelter return payable, 1/3 (1%) of which may be purchased at any time for $1,000,000.  A further 1/3 (1%) may be purchased at any time for an additional $1,000,000.

The property is adjacent to GCR’s Timmins West Property. A porphyry intrusive with quartz flooding and sulphide mineralization occurs on the property.  The porphyry is adjacent to an iron formation that trends on to the Timmins West property.   Exploration targets include porphyry hosted gold mineralization and base metal copper, zinc and silver deposits.  The company plans to fly the Porphyry property and part of the Timmins West Property with Geotech’s B-field VTEM airborne system to identify targets for trenching and drilling.

Warden Property

The Warden Property consists of 16 units and is located in the Warden Township, Larder Lake Mining Division approximately 80 kilometres northeast of Timmins, Ontario.  Consideration for the Property consists of the payment of $120,000 over a period of 36 months.  There is a 3% net smelter return payable, 1/3 (1%) of which may be purchased at any time for $1,000,000.  A further 1/3 (1%) may be purchased at any time for an additional $1,000,000.

The property is adjacent to GCR’s Abitibi East Property.   The area is largely covered by overburden and may contain favourable stratigraphy for hosting a volcanogenic massive sulphide mineralization (copper, zinc, silver).  The company plans to fly the Porphyry property and part of the Timmins West Property with Geotech’s B-field VTEM airborne system to identify targets for trenching and drilling.


PROPERTIES UPDATE:

Langmuir Property

Assay results have been received for 9 of the 22 holes drilled on strike and to depth on the nickel discovery.  A detailed Langmuir property update will be released tomorrow.

Shillington Property

Drilling on the Shillington Property during the Winter and Spring encountered geology similar to rock units described as hosting gold in 1911.  An historical report indicates a number of gold silver occurrences were found at the turn of the century, including one report of 1.25 oz/t Au and 20 oz/t Ag over 30 feet at the Lavigne workings.  The exact location of the Lavigne workings was not recorded.  The gold mineralization is reported to occur within syenites and sediments beneath diabase.  The drilling encountered minor chalcopyrite (copper) within hematite altered sediments beneath flat diabase dykes.  Other holes intersected numerous silicified and carbonate altered shears zones or breccias within diabase and sediments.  One hole also encountered disseminated chalcopyrite within narrow granite dykes cross-cutting sediments.  Although some drill sections returned anomalous copper values, gold was not encountered.  However, prospecting has discovered quartz stockwork with disseminated chalcopyrite in sediments approximately 4 kilometres south of the drilling.  A grab sample returned anomalous copper and gold.

Computer modeling and interpretation of Geotech’s airborne magnetic survey data have identified circular ring like structures and possible intrusive like features at depth below 200 metres.  If present, the intrusive bodies could be the source of mineralizing fluids that produced the copper breccia zones discovered last year.   One breccia zone returned a value of 1.50% Cu over 10.30 metres in drill hole GCSH05-8, including 1.98% Cu over 3.4 metres.  Another hole in the same breccia, GCSH05-14 intersected 2.0% Cu over 6.0 metres.  In addition, the newly discovered breccia with anomalous copper and gold was discovered in the area of one of the ring structures.  GCR is assessing the possibility of testing one of the targets at depth for potential porphyry style copper-gold or IOCG (iron-oxide-copper-gold) mineralization.

Abitibi East Property

On July 17th this year the company announced the discovery, in hole GCAE-07-16, of higher concentrations of zinc, lead, and copper mineralization over greater widths than had been discovered before.  Hole 16 intersected 2.00% Zn, 0.55% Pb, and 0.01% Cu over 10.0 metres of core length from 668.0 to 678.0 meters, within a broader intercept of 1.61% Zn, 0.38% Pb, and 0.02% Cu over 20.9 metres from 668.0 to 688.90 meters. Additional recent assays from this drill hole include 7.0 meters of 1.40% Zn, 0.20% Pb and 0.15% Cu from 641.0 to 648.0 meters. The geology and anomalous zinc mineralization intersected in a number of the holes (holes GCAE-07-01 to GCAE-07-15) drilled earlier in the year were used to determine the location of hole GCAE-07-16. 

Based on the results, the company attempted to drill a hole above and below GCAE-07-16.  Unfortunately, both holes GCAE-07-16A and GCAE-07-16B that were wedged off of hole 16 intersected the mineralized horizon above and up dip of hole 16.  Wedge GCAE07-16A returned an intercept of 0.41% Zn, .05% Pb and .02% Cu over 23.10 meters drilled width from 571.0 to 580.20 meters. Another intersection further downhole returned 0.47% Zn, .03% Pb and .09% Cu over 20.20 meters drilled width from 602.80 to 623.0 meters. Wedge GCAE07-16B returned an intercept of 0.47% Zn, .07% Pb and .09% Cu over a drilled width of 12.70 meters from 568.20 to 580.90 meters which included 2.48% Zn and 0.54% Cu over 1.1 meters. A second broader intercept further downhole returned 0.33% Zn, .04% Pb and .17% Cu over 48.30 meters drilled width from 591.0 to 639.30 meters. Drilling to date suggests that the tenor of mineralization improves with depth and thus the potential for a VMS deposit exists both on strike and at depth.  Drilling to test along strike and to depth will begin when a drill capable of drilling deeper holes becomes available.

Tower Property

Drilling earlier this year tested an airborne VTEM anomaly near Bathurst, New Brunswick.  This new untested anomaly is similar in geophysical signature to VMS deposits of the Bathurst Camp.  The drill hole intersected a narrow massive pyrrhotite and pyrite zone with no significant copper, lead or zinc.  The geophysics is being reviewed to determine if another hole is warranted.

Cheavers Property

Drilling earlier this year tested numerous airborne VTEM geophysical anomalies that are similar in size and strength to VMS mineralization in the Bathurst zinc-lead-silver mining camp of New Brunswick.  Anomalous lead- zinc mineralization was encountered in a number of holes.   The cause of the VTEM anomaly could not be explained in some other holes.  The geophysics and results are being reviewed to determine if more drilling is warranted.

Senneville Property

Drilling earlier this year intersected a quartz-carbonate altered shear zone with pyrite mineralization in granodiorite similar to structure controlled gold mineralization within the Bourlamaque Batholith of the Val d’Or Mining Camp in Quebec.  No significant gold mineralization was encountered.  The company has optioned the property to Harricana River Mining Corporation Inc.  Under the terms of the agreement Harricana can earn a 50% interest by performing $350,000 in exploration work by March 12, 2007. Harricana can also earn an additional 10% by completing a further $250,000 in exploration work.

Peter Caldbick, P.Geo. is the qualified person for the purposes of National Instrument 43-101 and has reviewed the contents of this news release.

About Golden Chalice

Golden Chalice is well positioned to discover and capitalize on world class gold, silver, copper, nickel, zinc, platinum and palladium deposits.  During the last couple of years the Company has strategically accumulated large land packages in existing mining or mineral districts such as the Abitibi in Ontario and the Bathurst Camp in New Brunswick.  These properties have existing infrastructure and are often within road access to metallurgical facilities to process mined ores.  Details relating to exploration activities on specific properties will be announced during the coming months as the work program is implemented.  

GOLDEN CHALICE RESOURCES INC.

On behalf of the Board of Directors

Richard W. Hughes, Chairman

For Further Information Contact: The Hughes Exploration Group

Phone: (604) 685-2222 or 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.

 

Rogue Resources

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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 ABITIBI EAST, UKE, SHILLINGTON, RADIO HILL, LANGMUIR and TIMMINS WEST 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, € 334 445).

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.

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Financings of Rogue Resources
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12/4/2009Increases and Closes Private Placement
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8/18/2010Appoints Trygve Hoy, PhD, PEng,as VP of Exploration
1/7/2010Appoints Vice President of Exploration
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7/14/2011(Radio Hill)Signs 10,000 Meter Drill Contract for Radio Hill Iron Ore Pr...
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7/20/2010Posts NI 43-101 Technical Report on SEDAR
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6/3/2010Receives NI 43-101 Property of Merit Report for Radio Hill I...
5/19/2010Receives NI 43-101 Resource Estimate for Langmuir W4 Nickel ...
3/2/2010Commissions NI43-101 Report on Radio Hill Iron-Ore Project; ...
11/23/2009(Abitibi East)Moves Forward with Second Phase of Gold Exploration Program ...
11/10/2009(Timmins West)Commences Gold Exploration on Timmins West Property and Adva...
10/7/2009(Abitibi East)Drilling Discovers Southeast Extension of Volcanic Stratigra...
9/22/2009(Timmins West)Plans Exploration Program on Timmins West Gold Project
8/13/2009(Abitibi East)Moves Forward with Abitibi East Gold Exploration
7/8/2009(Abitibi East)Abitibi East Property to Receive $344,694 in Exploration
6/24/2009(Abitibi East)Commences Surface Exploration Program on Claims Adjacent to ...
6/17/2009(Langmuir)Provides Exploration Update on Langmuir Nickel Project
5/28/2009(Langmuir)Discovers New W3 Target Area At Langmuir
3/2/2009(Langmuir)Completes Property Evaluations
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2/19/2009(Langmuir)Intersects 2.75% Nickel over 24.4 Meters and Begins 2009 Dri...
12/8/2008(Langmuir)Langmuir Project: Significant Near-Surface Nickel Mineraliza...
7/15/2008(Langmuir)High Grade Nickel Mineralization intersected at Langmuir Nic...
5/16/2008(Langmuir)Drilling Commences On Radio Hill Property
5/14/2008(Langmuir)NEW MODEL FOR LANGMUIR
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5/9/2008(Langmuir)NEW POTENTIAL AT DEPTH ON LANGMUIR NICKEL PROPERTY
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Corporate news of Rogue Resources
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4/25/2016Rogue Completes Metallurgical Analysis; Confirms Commercial ...
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4/1/2016Rogue Resources Announces Oversubscription & Closing of Priv...
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10/19/2015Rogue Resources Announces Silica Bulk Sample Sent to Dorfner...
9/24/2015Rogue Resources Closes $1,075,350 Second Tranche
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1/19/2015Rogue Resources Completes Airborne Mag Survey, Confirms Over...
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11/12/2014Rogue Resources Appoints Eddy Canova Senior Vice President
11/12/2014Rogue Resources Appoints Eddy Canova Senior Vice President
8/21/2014Rogue Resources Amends Quebec Silica Project Agreement
4/28/2014Rogue Resources Provides Project Update
3/21/2014Rogue Resources Closes Private Placement
3/21/2014Rogue Resources Closes Private Placement
10/11/2013(Radio Hill)Iron Ore Amends Radio Hill Agreement
7/29/2013Iron Ore Provides Corporate Update
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1/23/2013Iron Ore Corp. Announces Formation of Strategic Alliance Wit...
9/27/2012Iron Ore Corp Executes Share Purchase Agreement With Rio Tin...
1/23/2012Changes Name to Rogue Iron Ore Corp.
11/30/2011(Radio Hill)Intersects 141 Meters Of 41% Iron at Radio Hill Iron Project...
7/13/2011Launches Social Media Program
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6/16/2011Closes $4.6 Million Financing, 15% Overallotment Option Exer...
4/27/2011Acquires 100% Interest in Iron Ore Project with 427 Million ...
2/25/2011-Corporate Update
6/29/2010Management Change
12/15/2009Acquires Two Properties in West Timmins Gold District along ...
11/16/2009Provides Exploration Update on Portage Property, Bathurst, N...
9/23/2009Acquires Kenogaming Gold Property in West Timmins along Dest...
4/23/2008Retains AGORACOM to Provide Investor Relations, Social Netwo...
3/12/2008New Website Release
3/5/2008Farr and Doon Properties Acquired
2/28/2008BUILDING ON NICKEL DISCOVERY
1/16/2008Drilling Continues to Expand Langmuir Nickel
12/4/2007 Drilling Commences on Abitibi East Property
11/21/2007 Expanding Drill Program Results include 10.7M of 2.37% Nick...
11/17/2007LATEST TECHNOLOGY BROUGHT TO GOLDEN CHALICE LANGMUIR NICKEL ...
10/18/2007Drilling Confirms the Large Size Potential of Langmuir Nicke...
10/18/2007PORPHYRY & WARDEN PROPERTIES ACQUIRED and PROPERTIES UPDATE
9/29/2007ZAVITZ Property acquired
9/13/2007LANGMUIR NICKEL DISCOVERY DRILLING
8/14/2007Major Nickel Intersection on Strike With Golden Chalice Lang...
7/22/2007Langmuir Nickel Discovery
7/18/2007Large Zinc Zone Intersected on Abitibi East
6/16/2007Langmuir Drilling News
6/8/2007Shareholder Rights Plan
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6/5/2007Pacific North West Capital Corp. (PFN.TSX) joins Golden Chal...
5/31/2007Commences Drilling on the New Langmuir Nickel Discovery / CO...
5/16/2007Golden Chalice Langmuir Drill Results
4/27/2007Eastern and Western extension of Abitibi east property acqui...
3/22/2007LANGMUIR DRILLING COMMENCES
3/21/2007CREEK PROPERTY ACQUIRED
2/22/2007Row Lake Property acquisition and Drilling
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