Golden Chalice Resources Posts NI 43-101 Technical Report for Radio Hill Iron Ore Property

Golden Chalice Resources Inc. (TSX VENTURE:GCR) announced it has recently completed an independent Property of Merit report on the Radio Hill iron deposit.

The press release is quoted as saying:

The report states that the project holds significant economic potential should the mineralization prove to be consistent with historical results. Various historical resources estimates exist on the property ranging from 90 million tons grading 27.3% soluble iron to 427 million tons grading 27.3%, depending on the depth of the open pit used in the calculation. However, since none of the original core remains available and only limited amounts of the original metallurgical testwork information remains, none of the resources at the Radio Hill property meet NI 43-101 requirements.

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