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GoGold Drills 21.2m Averaging 24.60 g/t Gold Equivalent Including 6.9m at 71.54 g/t Gold Equivalent at the Recently Acquired Los Ricos

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GoGold Drills 21.2m Averaging 24.60 g/t Gold Equivalent Including 6.9m at 71.54 g/t Gold Equivalent at the Recently Acquired Los Ricos

 

 

 

 

 

GoGold Resources Inc. (TSX: GGD)  drilling results continue to demonstrate the tremendous growth potential at the recently acquired 29 concession Los Ricos project located about 100 km northwest of the city of Guadalajara.

 

“We continue to see high grade ore from our drilling program which is near surface. Our diamond drilling holes which are twinning historical RC holes continue to provide much higher grades than the historical results, with hole 9 showing gold equivalent grades 70% higher than the historical results.  These results, coupled with the strong assay results that the historical 6,000 channel samples are showing as our exploration team works through the data, are showing a very promising project at Los Ricos.” stated Brad Langille, President and CEO.

 

Diamond drill hole LRGG-19-009 intersected 21.2m averaging 7.66 g/t gold, 1,270.2 g/t silver and 24.60 g/t gold equivalent, including 6.9m averaging 21.97 g/t gold, 3,717.6 g/t silver and 71.54 g/t gold equivalent.  The drill hole was laid out to twin RC drill hole CMRC-30 completed by TUMI Resources in September 2003, with the GoGold core hole returning 70% higher gold equivalent grade.

 

Diamond drill hole LRGG-19-010 intersected 18.8m averaging 0.37 g/t gold, 67.9 g/t silver and 1.27 g/t gold equivalent including 4.5m averaging 0.96 g/t gold, 119.5 g/t silver and 2.55 g/t gold equivalent.  The high grade ore was located adjacent to a historical 1.5m wide underground working, which was intersected.

 

Detailed intersections are in Table 1, and location of drill holes are included in Table 2.

 

 

 

Table 1:  Drill Hole Intersections

               

Hole ID

Comment

From

To

Length2

Au

Ag

AuEq1

   

(m)

(m)

(m)

(g/t)

(g/t)

(g/t)

LRGG-19-009

Main

34.5

55.7

21.2

7.66

1270.2

24.60

 

including

37.8

44.7

6.9

21.97

3717.6

71.54

CMRC-303

Historical3

32.0

52.0

20.0

3.20

845.0

14.47

 

Including3

34.0

40.0

6.0

9.00

2608.0

43.77

LRGG-19-010

Open Stope4

97.5

99.0

1.5

 

Main

99.0

117.8

18.8

0.37

67.9

1.27

 

including

102.2

106.7

4.5

0.96

119.5

2.55

   

1.

AuEq converted using a silver to gold ratio of 75:1

2.

Not true width

3.

Historical drilling data comes from TUMI Resources press release dated November 19, 2003 available on SEDAR as filed by Kingsmen Resources Ltd.

4.

1.5m underground working, no sample

 

 

 

Table 2: Drill Hole Locations

             

Hole ID

Easting

Northing

Elev

Azimuth

Dip

Final

LRGG-19-009

610835

2327486

1433.6

50

-50

81.00

LRGG-19-010

610485

2327764

1473.9

50

-50

160.50

 

 

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 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 / Quality Control and Data Verification

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 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 May 14, 2019

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