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Message: Golden Chalice Intersects 1.72% Over 3.0 Meters in Second Discovery Zone

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Re: Golden Chalice Intersects 1.72% Over 3.0 Meters in Second Discovery Zone

posted on May 06, 09 08:49AM

The mineralization was found approximately 25 meters east and up-dip of a previously reported intersection grading 3.34% nickel over 0.9 meters from 373.50 to 374.40 meters. These previously released results represent the first new nickel mineralization on strike with the Langmuir Discovery Zone. The W2 Zone is located 1.5 km from the original W4 Discovery Zone where initial drilling in May of 2007 intersected 1.14% nickel over 72.5 meters.

Good release with significant nickel grades. No doubt this will eventually be added onto the 43-101 resource we already have, and the grades look in-line to what we've already found there. Good solid discovery.

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Executive Address

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Richard Hughes
Chairman of the Board, Hughes Group of Companies
April 21, 2009

Richard Hughes highlights the Hughes Groups past successes and current projects, including Langmuir.

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