For thousands of other reports visit RSC's Mineral Intellingence Map
GoGold Resources Inc.
Summary
| Project: | Los Ricos | |
|---|---|---|
| Deposit: | Los Ricos | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 4/17/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 17-4-2019: GoGold Resources Inc. announces an Exploration/Drilling Update report for its Los Ricos deposit at the Los Ricos project. Drilling results incl. 35.5m @ 1.24g/t Au, 284.7g/t Ag from 71.0m. HALIFAX, April 17, 2019 /CNW/ - GoGold Resources Inc. ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Duncan (Internal) | |
| ABSTRACT: | HALIFAX, April 17, 2019 /CNW/ - GoGold Resources Inc. (TSX: GGD) ("GoGold", "the Company") is pleased to report the assay results from the first two diamond drill holes returned over 40% higher grades than the historic RC drilling completed at the Los Ricos project located about 100 km northwest of the city of Guadalajara. "Our initial two holes confirm the results from historical RC drilling programs are reliable as well as providing high quality geological, assay and geochemical information on the mineralized halo surrounding the historical high grade ore shoots. The next phase of the core drilling will be focused on following the high grade ore shoot down dip below the historical RC drilling" stated Brad Langille, President and CEO. GoGold commenced a 10,000 m diamond drilling program of HQ size core in conjunction with a field program of geological mapping, sampling and trenching on the property. The core drilling campaign is focused on defining the mineralized halo around the historical high grade ore shoots as defined by the underground workings and the 65 historical RC drill holes on the property. The first 2 core holes were laid out to "twin" RC drill holes completed by TUMI Resources in 2003- 04. The first twinned pair, DDH LRGG-19-001 and RCH CMRC-34, entered and exited the mineralized zone at similar depths, both intersected a narrow 1.0 to 1.5 m wide void related to old workings and had similar gold and silver values as shown in Table 1. LRGG-19-001 intersected 35.5m averaging 1.24 g/t gold, 284.7 g/t silver and 5.04 g/t gold equivalent including 6.5m averaging 3.32 g/t gold, 905.8 g/t silver and 15.4 g/t gold equivalent. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report