News
January 18, 2010
Golden Chalice Resources Inc Announces Change in Senior Management
VANCOUVER, BC - Golden Chalice Resources Inc. (TSX-V:GCR) (the 'Company') reports today the departure of Mr. John Keating, the Company's President, effective immediately.
Richard Hughes, Company Chairman, said, "John has helped immensely in establishing a strong exploration team centered in Timmins and has supported and taken part in building an excellent development program in Ontario. Mr. Peter Caldbick has been named as V.P Exploration and will now manage our future continued success in the region."
Mr. Caldbick, a Professional Geologist, has been active in exploration and mining for the past 27 years throughout Northern Ontario and Quebec, Newfoundland and Northwest Territories in the positions of exploration geologist, mine geologist, and consultant. For the past 5 years Mr. Caldbick has worked with the Hughes Group of Companies, notably Golden Chalice Resources and Amador Gold Resources. Mr. Caldbick was directly responsible for building and managing the exploration teams that led to the discovery of Golden Chalice Resources' Langmuir Kambalda nickel discovery and Shillington Lavigne copper discovery, Amador Gold Corp's Loveland nickel-copper discovery, deep-seated zinc, copper and lead replacement style mineralization on the Abitibi East project as well as diamondiferous dykes and conglomerates on Chalice Diamond's Wawa-Chapleau project.
"Given his geological background, proven track record, and extensive knowledge of the Timmins camp and surrounding area we are confident in Peter's ability to lead the Company's exploration team into the New Year. We have amassed an extensive land position in the Timmins camp over the previous five years, including a number of gold projects west of Timmins in 2009, and are now moving forward with an aggressive exploration program," comments, Richard Hughes. "Peter will be working closely with the management team in the development and execution of numerous exploration programs throughout the Timmins camp." (News Release January 7, 2010)
In other matters, the Company's continues to 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.
The Company is also advancing its Timmins West property, which contains a number of porphyries and similar geology to the Lake Shore Gold ground, approximately 30 km to the northeast, as well as its Abitibi East gold property.
CONTACT INFORMATION
Corporate Inquiries: Alan Campbell or Kevin Hull, Investor Relations
Phone: (604) 685-2222
Email: info@goldenchaliceresources.com
Website: www.goldenchaliceresources.com
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
Richard Hughes, Company Chairman, said, "John has helped immensely in establishing a strong exploration team centered in Timmins and has supported and taken part in building an excellent development program in Ontario. Mr. Peter Caldbick has been named as V.P Exploration and will now manage our future continued success in the region."
Mr. Caldbick, a Professional Geologist, has been active in exploration and mining for the past 27 years throughout Northern Ontario and Quebec, Newfoundland and Northwest Territories in the positions of exploration geologist, mine geologist, and consultant. For the past 5 years Mr. Caldbick has worked with the Hughes Group of Companies, notably Golden Chalice Resources and Amador Gold Resources. Mr. Caldbick was directly responsible for building and managing the exploration teams that led to the discovery of Golden Chalice Resources' Langmuir Kambalda nickel discovery and Shillington Lavigne copper discovery, Amador Gold Corp's Loveland nickel-copper discovery, deep-seated zinc, copper and lead replacement style mineralization on the Abitibi East project as well as diamondiferous dykes and conglomerates on Chalice Diamond's Wawa-Chapleau project.
"Given his geological background, proven track record, and extensive knowledge of the Timmins camp and surrounding area we are confident in Peter's ability to lead the Company's exploration team into the New Year. We have amassed an extensive land position in the Timmins camp over the previous five years, including a number of gold projects west of Timmins in 2009, and are now moving forward with an aggressive exploration program," comments, Richard Hughes. "Peter will be working closely with the management team in the development and execution of numerous exploration programs throughout the Timmins camp." (News Release January 7, 2010)
In other matters, the Company's continues to 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.
The Company is also advancing its Timmins West property, which contains a number of porphyries and similar geology to the Lake Shore Gold ground, approximately 30 km to the northeast, as well as its Abitibi East gold property.
CONTACT INFORMATION
Corporate Inquiries: Alan Campbell or Kevin Hull, Investor Relations
Phone: (604) 685-2222
Email: info@goldenchaliceresources.com
Website: www.goldenchaliceresources.com
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.