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GoGold Resources Inc.
Summary
| Project: | Los Ricos | |
|---|---|---|
| Deposit: | Main, Cerro Colorado | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 8/28/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-8-2019: GoGold Resources Inc. announces an Exploration/Drilling Update report for its Main, Cerro Colorado deposit at the Los Ricos project. Drilling results incl. 27.5m @ 1.21g/t Au, 133.5g/t Ag from 34.5m. HALIFAX, Aug. 28, 2019 /CNW/ - GoGold Resour | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Duncan (Not stated) | |
| ABSTRACT: | HALIFAX, Aug. 28, 2019 /CNW/ - GoGold Resources Inc. (TSX: GGD) ("GoGold", "the Company") is pleased to release the assay results from three new diamond drill holes at the Los Ricos Main area and 7 core holes drilled on the Cerro Colorado target located 1500m to the southeast of the Main area. Drill hole LRGG-19-028 intersected the Los Ricos vein from 34.5m to 62.0m and averaged 2.99 g/t gold equivalent made up of 1.21 g/t gold and 133.5 g/t silver over 27.5m; including an 11.0m interval averaging 6.85g/t gold equivalent made up of 2.93 g/t gold and 293.9 g/t silver. "Our drilling program continues to show wide intervals of gold-silver mineralization in the Los Ricos vein near surface in the short holes. We are very encouraged that our first step out drilling 1.5km along strike to the southeast has confirmed that the near surface mineralization at Cerro Colorado continues. We are also in the process of step out drilling to the northwest of the main zone expanding on the potential of our 3.2km mineralized zone." stated Brad Langille, President and CEO. The Cerro Colorado is located approximately 1500m to the southeast along strike from the historical underground mine at Los Ricos. The mineralization outcrops at surface (see Press Release dated May 30, 2019) and geological mapping shows the continuity of the Los Ricos vein system between Cerro Colorado and the historical mining area. To date, 7 holes totalling 477m of HQ size drill core were completed on 3 drill pads testing an initial 500m strike length along the Cerro Colorado target. | |
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