Golden Chalice drills 0.9 m of 3.3% Ni at Langmuir

2009-02-27 12:55 EST - News Release

Mr. Kevin Hull reports

GOLDEN CHALICE ANNOUNCES NEW NICKEL DISCOVERY ON LANGMUIR

Golden Chalice Resources Inc. has discovered new nickel mineralization at its wholly owned Langmuir property, located approximately 35 kilometres southeast of Timmins, Ont.

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The first hole of the 2009 drilling program has intersected a massive sulphide zone with high-grade nickel about 1.5 km east of the Langmuir Discovery Zone where initial drilling in May of 2007 had intersected 1.14% nickel over 72.5 meters. (See Figure 2.)

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* This first hole of the 2009 drill program intersected 3.34% nickel (Ni) over 0.9 meters from 373.50 to 374.40 meters. This interval includes a 20-cm massive sulphide section grading 11.35% nickel, 0.6% copper and 1.46 g/t combined