Maybe I'm confused, but this car does NOT have a resistance chip.
I had a 1998 leSabre with the Passkey II with the little black chip in the key that was visible and was a resistor. There were something like 14 different resistances and the little, fine wires broke one-by-one in the column where the tilt adjustment flexed the little wires. That changed the resistance and so people had trouble with the resistance not reading right when the computer read the key when it was inserted and turned. The easy fix was to cut the wires between the upper left floorboard and the steering column and insert a permanent resistance made up from resistors from Radio Shack OR from a place that did car alarms where they used resistors to bypass the car's own security system.
The PK3 key has a transponder inside the head of the key that reacts when a radio signal is sent by a transmitter next to the lock cylinder. The energy from that radio signal stimulates the transponder to sends its code. If the car recognized the code as one of the ten it can store as valid keys, then the computer says this key is allowed to start the car.
I searched further and found that some say the 3 ten-minute On cycles with less than a minute between them will permit the new black master key to be added as a permissible key code. Note that any other keys will not be remembered after this cycle is run; all 10 memories will be redone.
Other places on the net I found said that a new black PK3 key can be learned using the 3 ten-minute erase cycles. So this one from Cardone seemed like a good post to support that technique to avoid the dealership or a locksmith with a Tech II or a current GM high level
scanner.
Be sure to go to the Passkey III section.
Good luck with getting a working key.
Also does anyone know how the transponder in a Valet key fits into this process? Does the Valet key have to be relearned after the first key is setup with the 3 ten-minute method? Or are Valet transponders a "generic" permitted code?
http://my.cardone.com/techdocs/PT 77-0011.pdf