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GoGold Resources Inc.
Summary
| Project: | Los Ricos | |
|---|---|---|
| Deposit: | Los Ricos | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 7/24/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 24-7-2019: GoGold Resources Inc. announces an Exploration/Drilling Update report for its Los Ricos deposit at the Los Ricos project. Drilling results incl. 21.4m @ 0.81g/t Au, 170.1g/t Ag from 258.5m. HALIFAX, July 24, 2019 /CNW/ - GoGold Resources Inc. ( | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Duncan (Not stated) | |
| ABSTRACT: | HALIFAX, July 24, 2019 /CNW/ - GoGold Resources Inc. (TSX: GGD) ("GoGold", "the Company") continues to deliver strong assay results from four new diamond drill holes at the recently acquired 29 concession Los Ricos project located about 100 km northwest of the city of Guadalajara, Mexico. To date, 41 holes totalling 5,522m of HQ size drill core have been completed on the Los Ricos deposit with two drill machines. One drill is testing the Los Ricos vein extension along strike to the north of the underground workings while the second drill is completing a series of short holes spaced on 25m sections along the top of the deposit. Drill hole LRGG-19-018 is the deepest hole to intersect the Los Ricos vein to date and cut 21.4m averaging 0.81 g/t gold, 170.1 g/t silver and 3.08 g/t gold equivalent, including 7.5m averaging 1.78 g/t gold, 342.4 g/t silver and 6.35 g/t gold equivalent. No workings were encountered in the hole and core recoveries were excellent. The first of the short holes testing the upper portion of the deposit, LRGG-19-019, intersected the Los Ricos vein from 23.0m to 43.5m and encountered an open stope from 27.5 to 29.7m. The hanging wall portion of the vein above the stope averaged 1.50 g/t gold, 196.6 g/t silver and 4.13 g/t gold equivalent over 4.5m and vein averaged 0.63 g/t gold, 86.0 g/t silver and 1.78 g/t gold equivalent over 13.8m in the footwall portion of the vein beneath the stope. | |
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