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GoGold Resources Inc.
Summary
| Project: | Los Ricos | |
|---|---|---|
| Deposit: | Los Ricos | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 11/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-11-2019: GoGold Resources Inc. announces an Exploration/Drilling Update report for its Los Ricos deposit at the Los Ricos project. Drilling results incl. 26.0m @ 0.50g/t Au, 185.5g/t Ag from 296.0m. HALIFAX, Nov. 20, 2019 /CNW/ - GoGold Resources Inc. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Duncan (Not stated) | |
| ABSTRACT: | HALIFAX, Nov. 20, 2019 /CNW/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the assay results from 10 new diamond drill holes at the Los Ricos project, with 4 holes in the Main area, 4 holes in the San Juan area and 2 in the southern area of the project. Hole LRGG-19-056, drilled in the Main area, intersected 26.0m at 296.0 to 325.0m, averaging 2.97 g/t gold equivalent or 222.8 g/t silver equivalent, made up of 0.50 g/t gold and 185.5 g/t silver, including 4.0m of 14.16 g/t gold equivalent. Historical workings of 3.0m were encountered in this hole. This is the second deepest hole drilled at the Los Ricos project to date, eclipsed by hole LRGG-19-061 which intersected 18.0m of 0.80 g/t gold equivalent from 324.4 to 349.2m, although 6.8m within this intersection included void due to historical underground workings. "Holes 56 and 61 are the deepest holes drilled to date at Los Ricos, and shows the project continues to be open at depth with strong mineralization. We still see a broader mineralized zone of over 20 metres at these depths which may be amenable to deeper bulk mining and also shows a high-grade core within these broader zones which may represent underground mining targets," said Brad Langille, President and CEO. Hole LRGG-19-063 was drilled in the Main area and intersected 24.5m at 98.0 to 122.5m, averaging 1.67 g/t gold equivalent or 125.1 g/t silver equivalent, made up of 0.53 g/t gold and 85.3 g/t silver, including 5.3m of 4.96 g/t gold equivalent. No historical workings were encountered. | |
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