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GoGold Resources Inc.
Summary
| Project: | Los Ricos | |
|---|---|---|
| Deposit: | Los Ricos | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 1/7/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-1-2020: GoGold Resources Inc. announces an Exploration/Drilling Update report for its Los Ricos deposit at the Los Ricos project. Drilling results incl. 16.5m @ 4.29g/t Au, 335.8g/t Ag from 128.2m. HALIFAX, Jan. 7, 2020 /CNW/ - GoGold Resources Inc. (TS | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Duncan (Internal) | |
| ABSTRACT: | HALIFAX, Jan. 7, 2020 /CNW/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the assay results from 5 new diamond drill holes at the Los Ricos project including 3 holes along the northern side of the Main stopes and 2 holes testing the southern extension of the Main area past the historical stopes. Hole LRGG-19-079 was drilled to test about 25m past the north end of the historical stope on Section 500N. The hole intersected the Los Ricos quartz vein from 128.2 to 144.7m and averaged 8.77 g/t gold equivalent or 657.8 g/t silver equivalent, made up of 4.29 g/t gold and 335.8 g/t silver over 16.5 metres. Two higher grade intervals of 4.8m averaging 14.3 g/t gold equivalent and 6.2m averaging 11.0 g/t gold equivalent are included in the interval. No historical workings were encountered in this hole. Hole LRGG-19-081 was drilled on Section 500N approximately 50m down dip of hole LRGG-19-079 and intersected 17.4m of quartz vein from 189.7 to 207.1m averaging 2.80 g/t gold equivalent or 209.8 g/t silver equivalent, including 6.1m of 7.05 g/t gold equivalent. No historical workings were encountered in the hole. Hole LRGG-19-080 was drilled on Section 500N approximately 100m down dip of hole LRGG-19-081 and intersected two sections of the Los Ricos quartz vein. The upper intersection extended from 274.3 to 279.5m and averaged 2.01 gold equivalent over 5.2m. The hole passed through several sections of gouge and faulted ground and cut a second interval of the Los Ricos vein from 325.5 to 342.0m. Three metres of backfilled mine workings were cut in this portion of the vein. The 13.5m interval of intact core averaged 3.73 g/t gold equivalent consisting of 0.87 g/t gold and 214.8 g/t silver. | |
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