Heavy Equipment for Sale: New Nickel Mineralization Discovered in Timmins, Ont.

Golden Chalice Resources announces their discovery of new nickel deposits approximately 500 meters east of the Langmuir Nickel Discovery Zone at its Langmuir Property, 35 km southeast of Timmins, Ont.

Mining equipment will soon move in position to mine this area. For heavy equipment for sale, for your mining operarions, visit MSloane Consulting.

Hole GCL09-11, the last hole of the 2009 winter drilling program, returned elevated nickel mineralization grading up to 0.34% nickel over a 2.4-meter drilled width from 372.50 to 374.90 meters, which includes 0.5% nickel over 0.7 meters.

The host rock is a channel peridotite flow horizon similar to that hosting the Langmuir Nickel Discovery Zone (W4), where drilling in May of 2007 had intersected 1.14% nickel over 72.5 meters., and the recent significant W2 Nickel Discovery of 1.72% nickel over 3.0 meters , about 1.5 km east of the Langmuir Nickel Discovery Zone. Company geologists have not yet determined whether this is a new channel flow horizon hosting nickel sulphides or is the same flow horizon hosting nickel mineralization in either the Langmuir Nickel Discovery Zone (W4) or the W2 Discovery.