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Message: Re: Golden Chalice Intersects 1.72% Over 3.0 Meters in Second Discovery Zone

Management believes that there are multiple zones on the Langmuir property. W2 and w4 are only 2 discoveries on a property with many targets. If they can discover another zone like their first discovery zone, the investors will return. I think that the speculated tonnage and grade on W2 zone will be economical on its own as world economies recover and nickel prices return to a prise that they can be mined for profit. The new discovery W4 proves the potential for multiple zones on Langmuir. GCR needs another discovery like W2. The targets need to be drilled and proved to advance this project, to a economical mine-able asset. If management can raise exploration $'s by exploring their other properties, that is good. Langmuir is their most advanced project, and needs to be proven economical. It will be interesting to see the direction management takes in these economic times. Lots of work to do with limited $'s forces management to be very selective in picking targets to be drilled.

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May 18, 2009 09:56AM
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