Chancery Resources Announces Mineral Acquisition of a Past Producer in British Columbia

January 27, 2009 Filed Under: Lead Mining, Precious Metal, Zinc Mining  

Chancery Resources, Inc. announce through its wholly owned subsidiary, Chancery Mining Canada Ltd., the completion of the acquisition of an undivided one hundred percent (100%) interest in certain mineral interests located in British Columbia, Canada known as the Fiddler Creek Property.

The Fiddler Creek Property is comprised of 25 mineral claims, totaling 465.74 hectares located within the Omineca Mining Division in northwestern British Columbia. The acquired block of claims counts with records of a past producer “Fiddler Creek,” which describes the geology of the Property as an area that is underlain by argillites of the Jurassic to Cretaceous Bowser Lake Group, in which auriferous quartz veins are probable sources for placer gold along Fiddler Creek (BC Minfile 103I206). Additionally, Fiddler-Doreen Mine is located at about 2-3 km southeast from the property and counts with a historic production report until 1952 of 564 tonnes of ore (BC Minfile Number 103I048). The deposit types that historically predominate in the Fiddler-Doreen area are Silver, Gold, Lead and Zinc. Geophysical, soil, rock and core samples will be analyzed soon; an exploration program recommended by a qualify geology person will be released when finalized.

Jeffrey Fanning, Vice President of Exploration, commented: “We are very excited about this new acquisition through Chancery’s new wholly owned subsidiary. This truly represent an important milestone when looking into more strategic opportunities in B.C. Canada. As we move forward, Chancery will continue searching and carefully selecting mineral properties to further expand and diversify its asset portfolio.” Website: www.chancerymining.com

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