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GoGold Drills 31.0m of 207 g/t AgEq including 11.2m of 440 g/t AgEq at La Trini in Los Ricos North

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GoGold Drills 31.0m of 207 g/t AgEq including 11.2m of 440 g/t AgEq at La Trini in Los Ricos North

 

 

 

 

 

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 31.0m of 207 g/t silver equivalent from hole LRGT-20-37.

 

Hole LRGT-20-037 was drilled at the La Trini deposit and intersected a silicified and altered quartz rhyolite unit from 34.8 to 65.8m for 31.0m of 207 g/t AgEq, consisting of 95 g/t silver and 1.50 g/t gold. The intersect included 11.2m of 440g/t AgEq, which was made up of 165 g/t silver and 3.67 g/t gold, which began at a depth of 38.7m.

 

“The La Trini deposit continues to deliver wide widths of strong silver and gold mineralization. Also, we have drilling operations at Salomon-Favor and have initiated drilling at a newly discovered zone called El Orito, which is approximately 1.5 km west of Salomon-Favor. We see Los Ricos North as a large mineralized system and over the coming weeks and months we expect to expand on this with our aggressive exploration program,” said Brad Langille, President and CEO.

 

Hole LRGT-20-039 intersected 34.5m of 138 g/t AgEq from 31.8 to 66.3m, consisting of 79 g/t silver and 0.79 g/t gold, which included a higher grade core of 5.6m of 410 g/t AgEq.

 

Hole LRGT-20-031 intersected mineralization from 38.9 to 62.9m for 24.0m of 112 g/t AgEq which was made up of 52 g/t silver and 0.80 g/t gold. The intersect included 6.0m of 312 g/t AgEq, made up of 104 g/t silver and 4.16 g/t gold. Additional mineralization was intersected from 68.7 to 77.7m for 9.0m of 65 g/t AgEq.

 

Currently the Company has 6 drill rigs operating at Los Ricos North, with 3 operating at the La Trini target, 2 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 cross section of the intercepts at La Trini, drill plan map, topographical view of the drilling to date, and a map of the Los Ricos North drilling sites and surface sampling is available at https://gogoldresources.com/images/uploads/files/LRN20201014.pdf.

 

Table 1:  Drill Hole Intersections

 

 

Hole ID Area From To Length1 Au Ag AuEq2 AgEq2
    (m) (m) (m) (g/t) (g/t) (g/t) (g/t)
LRGT-20-028 La Trini 14.0 24.0 10.0 0.10 23.9 0.42 31.7
  and 46.1 50.9 4.8 0.04 40.7 0.59 43.9
LRGT-20-029 La Trini 20.6 26.9 6.3 1.42 126.9 3.11 233.3
  and 44.0 55.8 11.8 0.05 14.8 0.25 18.7
LRGT-20-030 La Trini 2.4 21.2 18.8 0.24 30.4 0.64 48.1
LRGT-20-031 La Trini 38.9 62.9 24.0 0.80 51.5 1.49 111.9
  including 41.7 47.7 6.0 2.78 103.5 4.16 312.0
  and 68.7 77.7 9.0 0.28 44.1 0.87 65.3
LRGT-20-034 La Trini 52.7 76.2 23.5 0.16 96.9 1.45 108.8
  including 52.7 63.2 10.5 0.26 160.8 2.41 180.4
LRGT-20-035 La Trini 149.0 158.0 9.0 0.29 30.9 0.70 52.6
LRGT-20-036 La Trini 2.0 14.0 12.0 0.13 27.1 0.49 36.5
  and 58.0 87.2 29.2 0.10 23.0 0.41 30.6
LRGT-20-037 La Trini 34.8 65.8 31.0 1.50 94.6 2.76 207.2
  including 38.7 49.8 11.2 3.67 165.3 5.87 440.4
LRGT-20-038 La Trini 41.8 52.9 11.1 0.02 29.2 0.41 30.5
LRGT-20-039 La Trini 31.8 66.3 34.5 0.79 78.7 1.84 138.1
  including 33.2 38.8 5.6 3.08 179.3 5.47 409.9
LRGT-20-040 La Trini 49.6 56.6 7.0 0.06 31.8 0.49 36.6
  and 66.6 74.8 8.2 0.11 31.5 0.53 39.4
  and 81.7 94.8 13.1 0.13 42.2 0.69 51.6
LRGT-20-041 La Trini 27.1 52.8 25.7 0.21 38.0 0.72 53.8
  including 30.8 41.8 11.0 0.40 45.5 1.01 75.7
  and 71.8 75.8 4.0 0.04 37.0 0.53 40.1
LRGT-20-042 La Trini 47.0 71.0 24.0 0.16 39.3 0.68 51.3
  including 50.0 57.0 7.0 0.33 62.1 1.16 86.7

 

1. Not true width
2. AuEq and AqEq converted using a silver to gold ratio of 75:1

 

Table 2: Drill Hole Locations  

 

Hole ID Easting Northing Elevation Azimuth Dip Length
LRGT-20-028 582828 2339718 890 210 -65 152.0
LRGT-20-029 582850 2339706 897 180 -65 94.8
LRGT-20-030 582806 2339731 878 210 -65 153.0
LRGT-20-031 582925 2339686 928 180 -65 136.7
LRGT-20-034 582875 2339759 920 180 -65 146.0
LRGT-20-035 583038 2339900 952 360 -90 200.0
LRGT-20-036 583150 2339570 942 180 -65 111.0
LRGT-20-037 583000 2339665 914 180 -60 109.8
LRGT-20-038 583000 2339630 906 180 -60 80.0
LRGT-20-039 582950 2339676 909 180 -60 151.8
LRGT-20-040 583050 2339661 920 180 -60 110.0
LRGT-20-041 582857 2339768 887 210 -65 139.8
LRGT-20-042 583050 2339595 920 180 -60 92.0

 

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 Mololoa 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.

 

 


Cross Section of Drilling at La Trini (CNW Group/GoGold Resources Inc.)

 

Posted October 14, 2020

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