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GoGold Drills 32.0m averaging 3.18 g/t Gold Equivalent at Los Ricos

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GoGold Resources Inc. (TSX: GGD) continues to deliver strong assay results from two new diamond drill holes at the recently acquired 29 concession Los Ricos project located about 100 km northwest of the city of Guadalajara, Mexico.

 

Diamond drill hole LRGG-19-017 intersected 32.0m averaging 0.80 g/t gold, 178.8 g/t silver and 3.18 g/t gold equivalent, including 11.3m averaging 1.46 g/t gold, 347.8 g/t silver and 6.1 g/t gold equivalent. Diamond drill hole LRGG-19-016 intersected the Los Ricos vein from 80.8m to 106.5m and encountered an open stope from 85.8 to 88.3m. The hanging wall portion of the vein above the stope averaged 0.52 g/t gold, 160.6 g/t silver and 2.66 g/t gold equivalent over 5.0m and vein averaged 0.90 g/t gold, 138.6 g/t silver and 2.75 g/t gold equivalent over 18.3m in the footwall portion of the vein beneath the stope.

 

“We are very encouraged to see so much of the Los Ricos vein remains in place so close to the surface. Underground mining in the early 1900’s focused on the highest grade silver mineralization over widths of 1 to 3 meters, but they left 75 to 90% of the mineralization in place,” 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 of the holes drilled at Los Ricos to date is available at https://gogoldresources.com/component/rsfiles/preview?path=diagrams/LosRicos_LongSec_20190625.pdf

 

Table 1:  Drill Hole Intersections

 

 

Hole ID Comment From To Length1 Au Ag AuEq2
    (m) (m) (m) (g/t) (g/t) (g/t)
LRGG-19-016 Main 80.8 85.8 5.0 0.52 160.6 2.66
  Open Stope3 85.8 88.3 2.5 * * *
  including 91.7 98.1 6.3 2.14 336.7 6.63
LRGG-19-017 Main 83.2 115.2 32.0 0.80 178.8 3.18
  including 83.2 94.5 11.3 1.46 347.8 6.10
           
1. Not true width        
2. AuEq converted using a silver to gold ratio of 75:1        
3. 2.5m underground working, no sample        

 

 

Table 2: Drill Hole Locations 

 

 

Hole ID Easting Northing Elev Azimuth Dip Final
LRGG-19-016 610672 2327555 1436 50 -50 150.00
LRGG-19-017 610706 2327519 1427 50 -60 130.50

 

 

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 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 June 26, 2019

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