SOURCE: Golden Chief Resources, Inc.

October 06, 2006 12:54 ET

Golden Chief Completes the Drilling of Its First New Well

LEWISVILLE, TX -- (MARKET WIRE) -- October 6, 2006 -- Golden Chief Resources, Inc. (PINKSHEETS: GCHR) was informed by the operator that the drilling operations on the first well on the Noll lease, located in Jefferson County, Kansas, were completed on October 5, 2006. Several shows of oil were encountered during the drilling operations and production casing was set. Golden Chief is encouraged by the results to date, but completion operations, which are expected to begin within the next thirty days, will provide us with full information about the results of the drilling.

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  • Contact:
    Golden Chief Resources, Inc.
    Mike McIlvain