GoGold Resources Inc. (TSX: GGD) is pleased to release the assay results from five new diamond drill holes at the Los Ricos project located about 100 km northwest of the city of Guadalajara, Mexico.   

Drill hole LRGG-19-022 intersected 23.3m of the Los Ricos quartz vein from 170.4m to 193.7m averaging 1.78 g/t gold, 201.5 g/t silver and 4.47 g/t gold equivalent, including a 10.0m interval averaging 3.58 g/t gold, 389.6 g/t silver and 8.78 g/t gold equivalent. No workings were encountered in the hole and core recoveries were excellent.  This hole intersected the Los Ricos vein to the north of the prolific North Cinco Minas Stope in the historical underground workings.

Drill holes LRGG-19-023 to 026 are the short holes testing the upper portion of the deposit at intervals of 25m along strike.  LRGG-19-026 intersected an open void where the high grade gold-silver mineralization was mined out.

Drill hole LRGG-19-025 intersected the Los Ricos vein from 34.9m to 59.5m and averaged 1.30 g/t gold, 135.0 g/t silver and 3.10 g/t gold equivalent over 24.6m, including a 15.5m interval averaging 2.00 g/t gold, 203.3 g/t silver and 4.71 g/t gold equivalent.  Core recoveries were excellent and no mine workings were encountered.

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_20190731.pdf

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.