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GoGold Drills 20.1m averaging 3.28 g/t and Gains Access to Underground at Los Ricos and Completes Channel Sampling

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GoGold Drills 20.1m averaging 3.28 g/t and Gains Access to Underground at Los Ricos and Completes Channel Sampling

 

 

 

 

 

GoGold Resources Inc. (TSX: GGD) is pleased to release the assay results from four new diamond drill holes at the Los Ricos main area. Drill holes LRGG-19-034 to 37 were drilled to test the Los Ricos vein in an area of known underground workings. 

 

Hole LRGG-19-034 intersected 22.5m of the Los Ricos vein from 103.5 to 126.0m down the hole but a total of 2.4m of the vein was mined out and the stopes were backfilled (and assigned zero grade). The remaining unmined 20.1m of the Los Ricos vein averaged 3.28 g/t gold equivalent made up of 0.92 g/t gold and 177.2 g/t silver; including a 4.9m interval averaging 11.68 g/t gold equivalent made up of 3.41 g/t gold and 620.7 g/t silver on the hanging wall of the open stope.

 

Hole LRGG-19-035 intersected 24.4m of the Los Ricos vein from 119.9 to 144.3m down the hole and it averaged 2.99 g/t gold equivalent made up of 1.29 g/t gold and 127.4 g/t silver; including a 9.8m interval averaging 6.44 gold equivalent made up of 3.00 g/t gold and 258.0 g/t silver.

 

“We are continuing to see wide zones of silver-gold mineralization on both the hanging wall and footwall of the historical stopes as we test both down dip and along strike in the Main Area of the Los Ricos zone. We have been able to re-enter and channel sample some of the historical workings known as El Troce located 400m to the northwest of El Abra and have moved the drill to test this target,” stated Brad Langille, President and CEO.

 

Detailed intersections are in Table 1 and drill holes locations are included in Table 2. 

 

A longitudinal section summary of all the holes drilled at Los Ricos to date is available at

https://gogoldresources.com/component/rsfiles/preview?path=diagrams%252FLosRicos_LongSec_20190909.pdf

 

Table 1: Drill Hole Intersections

 

 

Hole ID Area From To Length1 Au Ag AuEq2
    (m) (m) (m) (g/t) (g/t) (g/t)
LRGG-19-034 Main3 103.5 126.0 20.1 0.92 177.2 3.28
  including 105.0 109.9 4.9 3.41 620.7 11.68
LRGG-19-035 Main 119.9 144.3 24.4 1.29 127.4 2.99
  including 124.7 134.5 9.8 3.00 258.0 6.44
LRGG-19-036 Main 81.0 98.0 11.0 0.08 88.1 1.26
LRGG-19-037 Main 73.0 91.6 18.6 0.33 53.7 1.05
  including 76.0 80.8 4.8 0.77 117.8 2.34

 

1. Not true width
2. AuEq converted using a silver to gold ratio of 75:1
3. Excludes 2.4m of open stopes from historical underground workings

 

 

Table 2: Drill Hole Locations 

 

 

Hole ID Easting Northing Elevation Azimuth Dip Length
LRGG-19-034 610604 2327596 1451 50 -45 130.5
LRGG-19-035 610440 2327419 1467 50 -45 156.0
LRGG-19-036 610611 2327635 1456 50 -45 123.0
LRGG-19-037 610466 2327807 1475 50 -45 119.0

 

 

Los Ricos El Troce Underground Sampling

 

The Company rehabbed the historic Los Ricos historic underground working and completed a program of mapping and channel sampling, the results of which are listed in Table 3 below. Given the results, the Company has decided to move a drill to test the targets at El Troce. Detailed illustrations of the El Troce workings and samplings are available at:

https://gogoldresources.com/component/rsfiles/preview?path=diagrams%252FLosRicos_ELTroce.pdf

 

Table 3: Channel Samples Collected

 

 

Channel ID Area From To Length Au Ag AgEq1
    (m) (m) (m) (g/t) (g/t) (g/t)
LRTRH-0351 El Troce 0.0 2.0 2.0 0.98 206.7 3.73
LRTRH-0352 El Troce 0.0 3.0 3.0 2.34 430.9 8.09
LRTRH-0353 El Troce 0.0 0.6 0.6 2.43 492.2 8.99
LRTRH-0354 El Troce 0.0 2.2 2.2 0.58 154.6 2.64
LRTRH-0355 El Troce 0.0 2.1 2.1 0.57 85.8 1.71
LRTRH-0356 El Troce 0.0 2.5 2.5 2.12 128.4 3.83
LRTRH-0357 El Troce 0.0 2.1 2.1 2.18 108.5 3.62
LRTRH-0358 El Troce 0.0 2.4 2.4 1.00 44.3 1.59
LRTRH-0359 El Troce 0.0 2.3 2.3 6.80 149.9 8.80
LRTRH-0360 El Troce 0.0 2.1 2.1 1.55 179.9 3.94
1. AuEq converted using a silver to gold ratio of 75:1  

 

 

GoGold commenced a 10,000 m diamond drilling program of HQ size core in conjunction with a field program of geological mapping, sampling and trenching on the property in March 2019. The core drilling campaign is focused on defining the mineralized halo around the historical high grade ore shoots as defined by the underground workings and the 65 historical RC drill holes on the property. The program has now been expanded for additional testing along 3.2 km of the Los Ricos mineralized zone.

 

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. Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code 8-Ag FA-GRAV Ag).

 

Quality Assurance / Quality Control and Data Verification

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 project in the state of Chihuahua and has the Los Ricos exploration project in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects

 

Posted September 10, 2019

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