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GoGold Resources Inc.
Summary
| Project: | Los Ricos | |
|---|---|---|
| Deposit: | Los Ricos | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 1/22/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-1-2020: GoGold Resources Inc. announces an Exploration/Drilling Update report for its Los Ricos deposit at the Los Ricos project. Drilling results incl. 18.9m @ 2.01g/t Au, 496.4g/t Ag from 218.1m. HALIFAX, Jan. 22, 2020 /CNW/ - GoGold Resources Inc. ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Duncan (Internal) | |
| ABSTRACT: | HALIFAX, Jan. 22, 2020 /CNW/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the assay results from 9 diamond drill holes of the 2019 drilling program on the Los Ricos project including 6 holes along the northern side of the Main Mine stopes, a deep hole in the Main Stope, a hole along the south side of the stope and an exploration hole to the north of the San Juan workings. Hole LRGG-19-088 was drilled to test for a northern strike extension of the Los Ricos vein about 65m past the north end of the historical stope on Section 600N. The hole intersected the Los Ricos quartz vein from 218.1 to 237.0m and averaged 8.63 g/t gold equivalent or 647.0 g/t silver equivalent, made up of 2.01 g/t gold and 496.4 g/t silver over 18.9 metres. A higher-grade section of the interval averaged 31.74 g/t gold equivalent or 2,380.8 g/t silver equivalent over 5.0m. No historical workings were encountered in this hole. "The majority of our past drilling has focussed on the historical mine at Los Ricos. The high grade hole 88 opens up what we believe is a new ore shoot to the northwest which we will continue to focus additional drilling. This drilling can potentially yield additional high grade intercepts which could be a bulk minable target," said Brad Langille, President and CEO. Five other holes, LRGG-19-087, 089, 090, and 091 all intersected the Los Ricos vein above the historical 300 Foot Level and north of the old Stopes. None of the new holes cut any underground workings. Hole LRGG-19- 083 was abandoned in the Hanging Wall andesitic tuffs at a depth of 183m, well above the Los Ricos vein. | |
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