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 17.2m of 186 g/t silver equivalent from hole LRGT-20-46.

Hole LRGT-20-046 was drilled at the La Trini deposit and intersected a silicified and altered quartz rhyolite  unit from 147.9m to 165.1m for 17.2m of 186 g/t AgEq, consisting of 70 g/t silver and 1.55 g/t gold.  The intersect included 11.0m of 267 g/t AgEq, which was made up of 110 g/t silver and 3.56 g/t gold, which began at a depth of 150.0m.

“We’re seeing continued strong results from La Trini as we continue drilling with 6 drill rigs which are deployed between the Salomon-Favor, Trini, and El Orito targets, and we are currently mobilizing 2 additional drill rigs to the Los Ricos North site,” said Brad Langille, President and CEO.

Hole LRGT-20-048 intersected 29.8m of 90 g/t AgEq from 49.5 to 79.3m, consisting of 54 g/t silver and 0.48 g/t gold, which included a higher grade core of 4.9m of 288 g/t AgEq.  The hole intercepted further mineralization from 96.0m to 101.9m of 32.5 g/t AgEq.

Hole LRGT-20-044 intersected 5.0m of 147 g/t AgEq from 34.8m to 39.8m, which was made up of 122 g/t silver and 1.96 g/t gold, and intersected mineralization again from 64.1m to 68.0m of 38 g/t AgEq.

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.

A drill plan map of La Trini showing the latest results is available at

https://gogoldresources.com/images/uploads/files/LRN20201104.pdf

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 (“QA/QC”) 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.

Plan View – La Trini (CNW Group/GoGold Resources Inc.)