Today, Chancery Resources revealed the details of its strategy and corporate goals. The company reaffirmed its focus on acquiring, developing, and expanding potential prospects to proven gold and mineral properties into world-class assets. Their goal is to increase shareholder value for shareholders and partners in a socially and environmentally responsible manner.
For the upcoming year, the Company stated it will drill on HCL property, a block of adjacent mining claims in British Columbia, to discover new gold zones at depth and along strike zone. Chancery has strategically designed a 15,000 meter exploration program to test for new zones and N.I. 43-101 compliant review is anticipated for Q2 2009.
Jeffrey Fanning, Vice President of Exploration, stated, “With current market conditions and rising mineral prices, we are looking into more strategic opportunities and assets carefully selected to expand and diversify our asset portfolio.”
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