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GoGold Resources Inc.
Summary
| Project: | Los Ricos | |
|---|---|---|
| Deposit: | Main, San Juan | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 9/4/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-9-2019: GoGold Resources Inc. announces an Exploration/Drilling Update report for its Main, San Juan deposit at the Los Ricos project. Drilling results incl. 17.1m @ 1.59g/t Au, 364.2g/t Ag from 31.0m. HALIFAX, Sept. 4, 2019 /CNW/ - GoGold Resources Inc | |
| Resources: | x | |
| CP/QP: | [Overall Report]: David Duncan (Not stated) | |
| ABSTRACT: | HALIFAX, Sept. 4, 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 (the "Main Area") and the first core hole drilled on the San Juan target located 400m to the northwest of the Main Area. Drill holes LRGG-19-031, 032 and 033 were drilled to test the Los Ricos vein in an area of known underground workings. Hole LRGG-19-033 intersected 22.5m of the Los Ricos vein from 31.0 to 53.5m down the hole but a total of 5.4m of the vein was mined out and the stopes were backfilled (assigned zero grade). The remaining unmined 17.1m of the Los Ricos vein averaged 6.45 g/t gold equivalent made up of 1.59 g/t gold and 364.2 g/t silver; including a 5.6m interval averaging 14.72 g/t gold equivalent made up of 3.81 g/t gold and 818.1 g/t silver. Drill hole LRGG-19-030 was drilled to test the historical underground workings known as the San Juan Mine located 400m to the north of the Main Area. Between 1915 and 1918, the Cinco Minas Mining Company explored and developed the San Juan deposit on two levels with crosscuts and raises and described the vein and mineralization as the northern extension of the Los Ricos vein. Hole LRGG-19-030 intersected 16.9m of the Los Ricos Vein from 128.7 to 145.5m and averaged 1.45 g/t gold equivalent made up of 0.54 g/t gold and 67.8 g/t silver; including a 5.0m interval averaging 3.43 g/t gold equivalent made up of 1.46 g/t gold and 147.9 g/t silver. | |
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