Golden Chalice Resources Inc.
TSX VENTURE : GCR

Golden Chalice Resources Inc.

November 09, 2006 09:55 ET

Golden Chalice Resources Inc.: Drilling on Senneville Property

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 9, 2006) - Golden Chalice Resources (TSX VENTURE:GCR) plans to commence drilling in the next two weeks on the Senneville Property located approximately 5 km north of Val d'Or, Quebec.

The Senneville prospect consists of 1,100 acres on the north contact of the Bourlamaque Batholith which is a large granodirorite intrusive in the Val d'Or Mining Camp. This intrusive hosted the Belmoral Mine, the Brad'Or Mine, the Dor Val Mine, the Perron Mine, the Sullivan Mine and the Siscoe Mine.

Drilling will test a 500 metre long VLF-EM anomaly which is similar to the 'B' Zone anomaly of the Belmoral Mine. Most of the gold mines in the area are adjacent to the Bourlamaque granodiroite batholith.

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.

GOLDEN CHALICE RESOURCES INC.

On behalf of the Board of Directors

Richard 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.

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