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GoGold Drills 3.4m of 2,765 g/t AgEq at La Trini in Los Ricos North Contained Within 61.4m of 204 g/t AgEq

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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 property, including 3.4m of 2,765 g/t silver equivalent from hole LRGT-20-070.

 

Hole LRGT-20-070 intersected 61.4m of 204 g/t AgEq from 55.6 to 117.0m, consisting of 124 g/t Ag and 1.06 g/t Au in silicified and altered quartz rhyolite units included a high-grade intercept of 3.4m of 2,765 g/t AgEq, consisting of 1,694 g/t silver and 14.28 g/t gold (see Table 1 for the results).

 

“We’re pleased with the continued strong results from La Trini and the drilling program has allowed us to define the controls on the high-grade mineralization at La Trini.  Our next series of holes will be focused on following the high-grade mineralization to the northwest and expand the current limits of the deposit,” said Brad Langille, President and CEO.  “This year, our exploration teams have visited and identified over 100 targets that have never been drilled on the Los Ricos North properties.  The La Trini and the El Favor deposits were the first two selected for drilling this year and are delivering excellent results.  We have identified another eight targets for drill testing next year and GoGold will be carrying out one of the largest drilling programs in Mexico during 2021 to unlock the huge potential of the Los Ricos district.”

 

Hole LRGT-20-074 intersected 33.0m of 162 g/t AgEq from 105.2 to 138.2m, consisting of 68 g/t silver and 1.24 g/t gold, which included 6.0m of 589 g/t AgEq, made up of 218 g/t Ag and 4.94 g/t Au. 

 

Hole LRGT-20-068 intercepted mineralization from 74.0 to 103.5m for 29.5m of 143 g/t AgEq, consisting of 91 g/t silver and 0.69 g/t gold, including an intercept of 6.3m of 519 g/t AgEq, made up of 320 g/t Ag and 2.66 g/t Au.

 

Currently the Company has 6 drill rigs operating at Los Ricos North, with 2 operating at the La Trini deposit, 3 drilling at the El Favor zone, 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 is included as Figure 1 below.

 

 

Table 1:  Drill Hole Intersections

 

Hole ID3 Area From To Length1 Au Ag AuEq2 AgEq2
    (m) (m) (m) (g/t) (g/t) (g/t) (g/t)
LRGT-20-066 La Trini 84.4 107.5 23.1 0.04 43.6 0.62 46.7
  including 84.4 88.9 4.5 0.08 80.3 1.16 86.7
LRGT-20-068 La Trini 74.0 103.5 29.5 0.69 90.7 1.90 142.6
  including 76.0 92.7 16.7 1.18 141.4 3.07 229.9
  including 80.5 86.9 6.3 2.66 319.8 6.92 519.1
LRGT-20-069 La Trini 36.0 72.7 36.7 1.00 69.3 1.92 144.3
  including 37.0 57.7 20.7 1.53 89.5 2.73 204.5
LRGT-20-070 La Trini 55.6 117.0 61.4 1.06 124.0 2.72 203.7
  Including 55.6 69.5 13.9 4.29 477.1 10.65 798.9
  Including 61.1 64.5 3.4 14.28 1694.1 36.87 2,765.3
LRGT-20-071 La Trini 109.4 125.0 15.6 0.11 92.9 1.34 100.8
  including 109.4 112.1 2.6 0.22 327.8 4.59 344.3
LRGT-20-073 La Trini 67.5 111.6 44.1 0.56 45.6 1.17 87.4
  including 67.5 73.9 6.4 2.18 108.3 3.62 271.6
LRGT-20-074 La Trini 105.2 138.2 33.0 1.24 68.3 2.15 161.5
  including 110.0 116.0 6.0 4.94 218.0 7.85 588.5

 

1. Not true width
2. AuEq and AqEq converted using a silver to gold ratio of 75:1
3. Holes 20-065 and 20-067 are omitted as results are still pending.  Holes LRGT-20-063,064,072 are omitted as they did not produce significant mineralization, these results are available on GoGold’s website.

 

 

Figure 1: Plan View – La Trini Drilling

 

 

Table 2: Drill Hole Locations  

 

Hole ID Easting Northing Elevation Azimuth Dip Length
LRGT-20-063 583125 2339651 923 180 -65 120.8
LRGT-20-064 582909 2339807 919 180 -70 142.7
LRGT-20-065 582875 2339875 916 180 -65 164.7
LRGT-20-066 582925 2339832 914 180 -65 143.7
LRGT-20-067 583100 2339877 979 180 -60 238.9
LRGT-20-068 582949 2339742 934 234 -65 139.5
LRGT-20-069 583008 2339662 912 234 -65 88.5
LRGT-20-070 582994 2339682 920 234 -65 142.5
LRGT-20-071 582977 2339793 952 234 -65 181.7
LRGT-20-072 583049 2339691 928 234 -65 133.5
LRGT-20-073 582985 2339706 928 234 -65 154.5
LRGT-20-074 583029 2339738 950 234 -65 160.2

 

VRIFY Slide Deck and 3D Presentation

 

VRIFY is a platform being used by companies to communicate with investors using 360° virtual tours of remote mining assets, 3D models and interactive presentations. VRIFY can be accessed by website and with the VRIFY iOS and Android apps.

 

Access the GoGold Company Profile on VRIFY at: https://vrify.com

 

The VRIFY Slide Deck and 3D Presentation for GoGold can be viewed at: https://vrify.com/explore/decks/9404 and on the Company’s website at: www.gogoldresources.com.

 

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 El 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.

 

 

 

 

Posted December 9, 2020

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