GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is pleased to release additional assay results from the Company’s La Trini deposit on the Los Ricos North project, including 1.3m of 1,048 g/t silver equivalent from hole LRGT-20-062.
Hole LRGT-20-062 was drilled at the La Trini deposit and intersected silicified and altered quartz rhyolite units from 85.3m to 103.5m for 18.2m of 124 g/t AgEq and again from 111.3m to 120.5m for 9.3m of 169 g/t AgEq. The 18.2m of 124 g/t AgEq consisted of 71 g/t silver and 0.71 g/t gold and included high grade core of 2.0m of 550 g/t AgEq. The second intercept of 9.3m of 169 g/t AgEq consisted of 124 g/t silver and 0.60 g/t gold, and included a high grade core of 1.3m of 1,048 g/t AgEq, which was made up of 734 g/t silver and 4.20 g/t gold.
“We’re pleased with the strong results from the drilling program at La Trini and expect additional results shortly from Salomon-Favor where 3 drill rigs operate continually. We anticipate these results will build upon the excellent results achieved in our initial drill holes at Salomon-Favor,” said Brad Langille, President and CEO.
Hole LRGT-20-055 intersected 25.9m of 78 g/t AgEq from 73.1 to 99.0m, consisting of 52 g/t silver and 0.34 g/t gold, which included 4.7m of 184 g/t AgEq. Hole LRGT-20-056 intersected 2.4m of 304 g/t AgEq from 156.6 to 159.0m, which was made up of 124 g/t silver and 0.81 g/t gold.
Currently the Company has 6 drill rigs operating at Los Ricos North, with 2 operating at the La Trini target, 3 drilling at the Salomon-Favor target, and 1 drilling at El Orito. Detailed intersections are listed in Table 1 and the hole locations are shown in Table 2.
Plan View – La Trini (CNW Group/GoGold Resources Inc.)
Table 1: Drill Hole Intersections
Table 2: Drill Hole Locations
Los Ricos District Exploration Projects
The Company’s two exploration projects at its Los Ricos property are in Jalisco state, Mexico. The Los Ricos South Project began in March 2019 and includes the ‘Main’ area, which is focused on drilling around a number of historical mines including El Abra, El Troce, San Juan, and Rascadero, as well as the Cerro Colorado, Las Lamas and East Vein targets. An initial resource on the Los Ricos South project was announced on July 29, 2020 and indicated a Measured & Indicated Mineral Resource of 63.7 million ounces AgEq grading 199 g/t AgEq contained in 10.0 million tonnes, and an Inferred Resource of 19.9 million ounces AgEq grading 190 g/t AgEq contained in 3.3 million tonnes.
The Los Ricos North Project was launched in March 2020 and includes drilling at the Salomon-Favor, La Trini, and El Orito targets.
Procedure, Quality Assurance / Quality Control and Data Verification
The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work.
The sealed and tagged sample bags are transported to the ActLabs facility in Zacatecas, Mexico. ActLabs crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing Tyler 150 mesh (106μm). The pulps are assayed for gold using a 50-gram charge by fire assay (Code 1A2-50) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code 1A3-50). Silver and multi-element analysis is completed using total digestion (Code 1F2 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code 8-Ag FA-GRAV Ag).
Quality assurance and quality control procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed GoGold’s QA/QC protocols.
Mr. David Duncan, P. Geo. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.
About GoGold Resources
GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company operates the Parral Tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.
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We acknowledge the [financial] support of the Government of Canada.