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Well the stock is responding healthily
No chart needed it all depends on the next hole.Its either there or not.
Do you want a chart for the box?
Next hole will tell all.Good stock rolls,Bad stock tanks
Well as long as we are below the $3.25 CAD I suppose that isn't too bad.
In the grand scheme of things that's only $3.1 million of volume which isn't much compared to a week's worth of trading volume (lately)
Excellent
Nice buying last couple of days. Chart looks strong.
fringe
Golden Chalice swallows poison pill
2007-06-08 17:15 ET - News Release
Shares issued 67,080,467
GCR Close 2007-06-07 C$ 2.45
Mr. Richard Hughes reports
GOLDEN CHALICE RESOURCES - SHAREHOLDER RIGHTS PLAN
Golden Chalice Resources Inc. has implemented a shareholder rights plan, subject to exchange approval. In addition, the rights plan will be presented at the next shareholders meeting for approval. The shareholder rights plan is not being implemented in response to or in contemplation of any known takeover bid or other similar transaction. The rights plan is designed to assist in maximizing shareholder value in the face of a takeover bid, to encourage the fair and equal treatment of all shareholders, and to provide the board of directors and shareholders with additional time to fully consider any unsolicited takeover bid.
The rights plan is similar to those adopted by other Canadian listed companies and is consistent with corporate practice. The rights plan is not intended to prevent takeover bids. As long as a bid meets certain requirements intended to protect the interests of all shareholders, called a permitted bid, the provisions of the rights plan will not be invoked. Details of the rights plan will be included in the company's next management information circular.
The company also announces that it has granted 530,000 options to directors and officers of the company, and 958,000 options to employees and consultants, at an exercise price of $3.25 per share for a period of five years. The options are subject to a four-month hold period expiring Oct. 9, 2007.
We seek Safe Harbor.
Got to like the CSW headline... "Golden Chalice finds rocks at Langmuir, awaits assays"
News out! a two day halt for this? only confirming the rumors
SOURCE: Golden Chalice Resources Inc.
Jun 07, 2007 09:43 ET
Golden Chalice Resources Langmuir Property Drilling
VANCOUVER, BC--(Marketwire - June 7, 2007) - Golden Chalice Resources Inc. (PINKSHEETS: GCRIF) is pleased to announce that the second hole on the Langmuir Nickel Discovery has intersected sulphide mineralization similar in style as the discovery hole. The core is being logged, split and sent for analysis. The nickel grade is not known at this time and results are expected late next week.
The sulphide mineralization being intersected closer to surface in the second hole suggests that the zone has a subvertical dip to the north and is interpreted to widen at depth. The drilling is ongoing and is presently at 162 metres. Given the recent market activity the Company considered it necessary to ensure full disclosure and the proper dissemination of information about the status of current drilling prior to having assay results.
The discovery hole (GCL 07-06), announced on May 16, intersected a zone containing variable concentrations from 1% to 35% sulphide mineralization. This sulphide mineralization was from 99.5 to 172 metres with an average grade of 1.14% Nickel, 0.11 g/t Platinum and 0.26 g/t Palladium over 72.50 metres. This second hole (GCL 07-10) was drilled up-dip of the discovery zone and intersected significant sulphide mineralization from 81 to 96 metres.
Both holes were drilled from the same set-up site and oriented to drill across an airborne EM anomaly trend along the flight line azimuth of 325 degrees with dips of -55 degrees for GCL 07-06 and -45 degrees for GCL 07-10. Drilling on strike and to depth will be used to interpret the true width and extent of the mineralized zone.
The Company's land holdings cover over 30 kilometres of favourable stratigraphy for hosting nickel, copper, platinum and palladium mineralization. The total land package for the Langmuir Property is now 851 claim units covering 13,616 hectares (34,000 acres).
The Langmuir Property is underlain by a thick package of mafic to ultramafic flows and sills with interflow sediments. An airborne VTEM survey has been flown over less than 30% of the Property. Of the 18 target areas identified by the survey, only 9 have been tested by drilling to date.
Peter Caldbick, P.Geo., and Kevin Montgomery, P.Geo. are the qualified people for the purposes of National Instrument 43-101 for the Company's Langmuir Project. Project supervision is by Kevin Montgomery and the contents of the press release have been reviewed and approved by Peter Caldbick.
About Golden Chalice
Golden Chalice is well positioned to discover and capitalize on world class gold, silver, copper, nickel, zinc, platinum, palladium and diamond 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 in 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
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.
For Further Information Contact:
Richard Hughes
Phone: (604) 685-2222
Visit Golden Chalice's web-site: www.goldenchaliceresources.com to see
Smartstox interviews with Company Chairman and President.
GOLDEN CHALICE RESOURCES INC.
711 - 675 West Hastings Street
i can't wait....i think this stock could go mental....to much money chasing it....their numbers have to deliver :)
according to that guy... "NR will be put out in 24 to 48 hours!"
so I would expect news after the close today trade tomorrow, but i said that yesterday lol
Bought back in here @ 1.80.......when is it going to trade again
Info posted on stockhouse...
http://www.stockhouse.ca/bullboards/viewmessage.asp?no=14979980&t=0&all=0&TableID=0
The Nr will not be Langmuir nor Abiti East assays. He spoke to John Keating, and assays not expected back till mid end June.
This caught Steve by surprize..
NR will be put out in 24 to 48 hours!
Each hole takes 2 to 4 days to drill.
Outstanding holes are 4, 7 8 and 9 at time 6 discovery.
DP was resumed near 6 before last weekend of May.
There are strong indicators of mineralization in the cores thus far.
Pleasant surprize coming with moe upside imo.
4 Mil cashed up with much of the 20 ml warrants. The last financials had them at about 900k cash.
No financing imminent.
More notes, but that is the jist of conversation.
Listen to CEO comcast, do your DD.
Lots of experienced geologistsbuzzing in area to stake claims
Probably wait until after market closes to release news. Then trade again tomorrow ?
Generally what is the time frame between halt and the PR? I assume they only halt it long enough to get the PR out and then open it back up again the same day, or the next?
Curious what the news is
The stock is halted so I guess we are going to get to see some more results
Golden Chalice halted at 8:38 a.m. PT
2007-06-05 09:40 MT - Halt Trading
Golden Chalice Resources Inc. has been halted at the company's request at 8:38 a.m. Pacific Time on June 5, 2007, pending news.
GCR.V 60Min Chart
Snapshot, delayed data.
OK and maybe some that dwarf that too
Blue Sky Mining
Major Break to the Upside Coming -e-
GCR Turning, Breaking....
GCR-Expedited cores near GCL07-6 THATS A VERY GOOD SIGN they liked what they have seen to pay double for quick assays
http://www.stockhouse.com/bullboards/viewmessage.asp?no=14948983&t=0&all=0&StartDir=O&am...
yes good interview
Comparing it to the Hemlo. That's positive
The Hughes Exploration Group has shown good success finding mines, with a track-record of 1 in 35
Exploration
Metals/Mining
(GCR-TSXV)
Golden Chalice Resources, Inc.
711-675 West Hastings Street
Vancouver, BC Canada V6B 1N2
Phone: 604-684-2222
Richard W. Hughes
Chairman and President
Interview conducted by:
Lynn Fosse, Senior Editor
CEOCFOinterviews.com
Published – May 25, 2007
BIO:
Richard W. Hughes - Board Chairman, President
Mr. Richard Hughes, President of Klondike Gold Corp., is widely recognized as one of the original people behind the discovery of the Hemlo gold mines in Ontario and was also behind the discovery of the Balmoral Mine in Quebec. Mr. Hughes controls Hastings Management Corp., and is the president of six companies currently listed on the Toronto Venture Stock Exchange. He was also instrumental in discovering and putting into production the Sleeping Giant Mine (owned 50% by Aurizon Mines and 50% by Cambior), and also the Beaufor Mine (owned by Aurizon Mines). Mr. Hughes' proven track record and extensive experience in the management of public mineral exploration companies enables Klondike Silver to pursue potential world class projects.
Company Profile:
Golden Chalice Resources Inc. is a national Canadian mining exploration company that seeks to find mineable mineralization in Ontario, New Brunswick, Quebec, British Columbia, Yukon and Nevada. Creative geological interpretations along with the latest in geophysical and geochemical surveys give this aggressive company a full range of prospects that may host gold, silver, platinum group metals, nickel, copper and diamonds. The Company's portfolio of properties provide shareholders good diversification in a number of jurisdictions with different targets within a single company.
Please ‘check’ any highlighted words or phrases listed as inaudible; these words or phrases could not be fully understood during transcription.
CEOCFO: Mr. Hughes, please tell us about the company.
Mr. Hughes: “Golden Chalice has over 30 projects, most if those are in Ontario, Canada. Golden Chalice has About 68 million shares outstanding; fully diluted it would be 99 million shares and that has about $1.5 million in the treasury. The 21 million warrants outstanding all of the money, will bring in another $4 million to the treasury. We are well financed and not looking for a financing. We also have one project in Nevada where a senior company is going to be optioning that and leaving us with a 20% net profits carried interest. Most of the other projects we own 100% other than a small net royalty to some of the vendors. We go after gold projects, massive sulfide like copper and gold exploration and also lead/zinc/silver as well as platinum/ palladium and nickel. Of the major projects that we have, there are about 6 of them that we have brought forward out of the stable of properties. We spent about three years, 2003-2006, accumulating our stable of properties we have in 2003-2005. In 2006, we raised $11 million of flow-through funds to drill on the properties which is now underway.”
CEOCFO: What is the common thread?
Mr. Hughes: “We look for something big. There are lots of little mineralized narrow veins, but the odds of finding a mine are one chance in a thousand from a prospect. However, our odds are one chance in thirty-five; we beat the odds considerably. We have put the Belmoral mines into production; it started as a dime, but it is now $40.00 and it is a great gold producer in Quebec for over thirteen years. We did the Sleeping Giant Mine, which is in Quebec also north of Amos; that was Perron Gold starting at .12 cents; it went to $7.00, and Dorville, which starts at .20 cents went to .13 dollars. The name change on that became Aurizon Mines Ltd. (AMEX:AZK; TSX:ARZ), which trades around the $4.00 mark and that has been a great producer of gold for the last fifteen years; around 70 thousand ounces a year. Two companies with large gain are Golden Scepter and Goliath Gold Mine. About 20 years ago, we made a discovery in Hemlo Ontario. Those both started around .25 cents; they went to $30.00 because of the world-class deposit that we made at the Hemlo gold mines in Ontario. We brought in a partner in Noranda, and they put in $276 million into the project; we did not have that kind of funding. They earned 50% of the project for putting in the $276 million, which left us with about 25% interest in each of the two junior companies. The company started around .20 cents and went to $30.00; I split the stock three for one, the stock went back to $10.00 and then went above $30.00 again. Overall the net jumped from around .20 cents to $94.00 on Golden Scepter and about $96.00 on Goliath Gold Mine. The people were very happy because about $2000.00 investment was worth just under $1 million at the top of the market. That has been a great producer of about 400 thousand ounces of gold per year for over fifteen years and that is per year, at a cost base of $150 US per ounce. It was lucrative. It has an average width of about 65 feet and a net value of .28 ounces of gold per tonne, so it is about $230.00 rock in today’s evaluation, per tonne.
The discovery Golden Chalice just made in Langmuir south of Timmons, Ontario, is a nickel/platinum/ palladium property. The width appears to be at least 150 feet wide and could be as much as 200 feet wide. There are four anomalies to drill; this is the just the first one we put a hole into. With a dollar value of over $500.00 a tonne rock, it is two-and-a-half times the value of our Hemlo deposit per ton. It is encouraging that the stock has jumped up from $0.28 to about a $1.50. It is a huge property about 20 kilometers east west and about 20 kilometers north south. Golden Chalice has 18 targets to drill on about ? of the property that we have looked at so far. There is a lot of upside. The company has over 30 projects and one of them is Abitibi east and that is looking for another Kidd Creek deposit. The Kidd Creek deposit is about the biggest deposit in Canada. It is worth about $35 billion and has been in production since the late 1950’s. We are on to what we think could be a mirror image of the Kidd Creek deposit. It is about 60 kilometers to the east of Kidd Creek, same geological setting, same strategraphic horizon. We are starting to announce the zinc, copper, and gold in that project. We hope to do some deep drilling to find out where the prospective ore body might be. It is a nice project but it would take several hours to go through all of our projects. We look for big things; we don’t look for a little, narrow vein.”
CEOCFO: How does your experience allow you to take on so much at one time?
Mr. Hughes: “We hire good people, the right people and they are very intelligent people. We have a great crew in the field and in the office. Together amongst our six or seven companies, we probably have staff in the field and the office here of about sixty people and they know the mine business; I know how to find mines and bring them into production.”
CEOCFO: In closing, why should potential investors be interested in Golden Chalice?
Mr. Hughes: “Golden Chalice is starting to spend about $5 million on its drill programs on the 30 odd projects. These are mega-sized projects with big dollar returns. It is hard to find mines because the odds are against you, but our track record has been 1 in 35 that has made the mines. Our projects today are far better than in the past. We think we are going to have several successes in Golden Chalice and anyone that is involved with the shares for the next year or two years, they will see a lot of activity in the stock and hopefully a lot of upside potential, and hopefully some new mines for Canada and we are working hard on it.”
disclaimers
Any reproduction or further distribution of this article without the express written consent of CEOCFOinterviews.com is prohibited.
“Golden Chalice is starting to spend about $5 million on its drill programs on the 30 odd projects. These are mega-sized projects with big dollar returns. It is hard to find mines because the odds are against you, but our track record has been 1 in 35 that has made the mines. Our projects today are far better than in the past. We think we are going to have several successes in Golden Chalice and anyone that is involved with the shares for the next year or two years, they will see a lot of activity in the stock and hopefully a lot of upside potential, and hopefully
sold my trader buys from yesterday :)))
Golden Chalice starts drilling Langmuir Ni discovery
2007-05-30 10:37 MT - News Release
Mr. Richard Hughes reports
GOLDEN CHALICE COMMENCES DRILLING ON THE NEW LANGMUIR NICKEL DISCOVERY
Golden Chalice Resources Inc. has moved the drill to start drilling the new nickel discovery on the Langmuir property, southeast of Timmins, Ont. This phase of drilling will systematically test the up dip, down dip and strike extent in both directions of the wide zone intersected in hole GCL07-6.
Hole GCL07-6 intersected 1.14 per cent nickel, 0.08 per cent copper, 0.02 per cent cobalt, 0.11 gram per tonne (g/t) platinum and 0.26 per cent palladium over 72.50 metres. This drill core intercept also contains two separate heavily mineralized intersections of 2.23 per cent nickel over 17.10 metres and 1.74 per cent nickel over 13.10 metres.
Borehole geophysics has been completed on the drill hole. The data are being compiled by the geophysicist and will be used to help guide the drilling program.
Peter Caldbick, PGeo, and Kevin Montgomery, PGeo, are the qualified people for the purposes of National Instrument 43-101 for the company's Langmuir project. Project supervision is by Mr. Montgomery and the contents of this press release have been reviewed and approved by Mr. Caldbick.
Depth by Price for V : GCR as of 2007-05-29 15:59:57
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1 1.64
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2 1.65
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1 1.66
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1 3,500 1.70
2 6,200 1.66
1 5,000 1.65
2 4,000 1.64
1 2,400 1.63
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1.71 10,000 1
1.73 1,800 1
1.75 20,000 1
1.76 1,800 1
1.77 5,000 1
Depth By Order for V : GCR as of 2007-05-29 15:59:57
Depth By Order
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6 Union 3,500 1.70
1 Anonymous 3,000 1.66
88 E-TRADE 3,200 1.66
89 Raymond James 5,000 1.65
85 Scotia 2,000 1.64
33 Canaccord 2,000 1.64
9 BMO Nesbitt 2,400 1.63
33 Canaccord 10,000 1.62
1 Anonymous 8,200 1.61
89 Raymond James 5,000 1.61
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Price Shares Broker
1.71 10,000 1 Anonymous
1.73 1,800 33 Canaccord
1.75 20,000 62 Haywood
1.76 1,800 1 Anonymous
1.77 5,000 89 Raymond James
1.78 13,500 9 BMO Nesbitt
1.79 1,500 141 Bolder
1.79 1,000 88 E-TRADE
1.80 500 2 RBC
1.80 2,000 9 BMO Nesbitt
RR may be able to tell you I dont do L2
Cool. Thanks. What is the MM symbol? I don't have level 2 for Cnuk stocks, but just curious.
Lvl 2 look the same on the TSX and V exchanges?
Stock will get bid up well over 2 buks
They gonna PR that when they get the results I suppose?
Downhole scan done then?
GCR-IR just called _ Drilling started by Discovery hole on the weekend and takes 2 days to complete drilling of hole/geo splits the core and if looks good they get it to the lab fast and pay double to get the results thus getting the results back as fast as possible.
10 days tops.
They will be also drilling Deep holes where the discovery has been made
Bought back my traders at 1.66 to 1.70 today
Lots of mining knowledge http://www.canaccord.com/default.htm
Through its principal subsidiaries, Canaccord Capital Inc. (CCI) is a leading independent full service investment dealer in Canada with capital markets operations in the United Kingdom and the United States of America. Canaccord Capital is publicly traded on both the Toronto Stock Exchange and AIM, a market operated by the London Stock Exchange.
Canaccord has operations in two of the principal segments of the securities industry: private client services and capital markets. Together, these operations offer a wide range of complementary investment products, brokerage services and investment banking services to Canaccord's private, institutional and corporate clients.
Canaccord has over 1,500 employees worldwide in 30 offices, including 23 Private Client Services offices located across Canada. Canaccord Adams, the international capital markets division, has significant operations in Toronto, London, Boston, Vancouver, New York, Calgary, Montreal, San Francisco and Houston.
What is Canaccord? Canadian investment bank?
Ah, must have missed that. Thought they were just in the "exploration" stage of development.
Exploration companies never have production.If they have a real big find a major will buy them out.Thats what your betting on so forget any production on a major discovery
Do you know if they have a projection for when actual production will start? 2008?
That was one of the problems I had while DDing mining companies in the "exploration stage" is that they would have land with positive assay results but no idea when they might start producing.
Not that it matters much probably but it looks to me like this should technically be a bounce spot.
Yes we will have results very quickly!
Downhole geophysics have commenced in the new nickel discovery hole in preparation of further drilling scheduled for the last week of May
Good news flow and wise to stake that ground before others, i like this part...
Downhole geophysics have commenced
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