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GoGold Intersects 11m of 424 g/t Silver Equivalent in Rascadero area of Los Ricos South

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GoGold Intersects 11m of 424 g/t Silver Equivalent in Rascadero area of Los Ricos South

 

 

 

 

 

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is pleased to release the assay results from 3 diamond drill holes at the Los Ricos South Project, including 1 at San Juan, 1 at Rascadero and the second hole released at the East Vein.

 

Hole LRGG-20-177 was drilled on section 1025N in the Rascadero area of the project and intersected the Los Ricos quartz vein from 104.0 to 143.0m for 39.0m of 151 g/t silver equivalent, consisting of 2.01 g/t gold and 117 g/t silver.  The intersect included 11.0m of 424 g/t silver equivalent. 

 

“This hole drilled in the Rascadero area of the Los Ricos South project is our northernmost hole drilled to date in the area and it is encouraging to see such a wide intersect of high grade mineralization in this area,” said Brad Langille, President and CEO.  “This may represent the beginning of a new ore shoot on the northwesternmost area of Los Ricos South.”

 

Detailed intersections are listed in Table 1, and the hole locations are shown 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/LosRicos_LongSec_20200624.pdf

 

Table 1:  Drill Hole Intersections

 

 

Hole ID Area Section From To Length1 Au Ag AuEq2 AgEq2
      (m) (m) (m) (g/t) (g/t) (g/t) (g/t)
LRGG-20-166 San Juan 850N 288.0 315.0 27.0 0.09 27.57 0.46 34.1
      292.0 296.0 4.0 0.45 89.45 1.65 123.5
LRGG-20-177 Rascadero 1025N 104.0 143.0 39.0 0.45 116.9 2.01 151.0
      118.0 129.0 11.0 1.40 319.1 5.66 424.4
LRGG-20-179 East Vein 125N 178.7 181.9 3.2 0.15 25.0 0.48 36.1
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
LRGG-20-166 850N 610080 2327869 1299 50 -65
LRGG-20-177 1025N 610243 2328239 1344 0 -90
LRGG-20-179 175N 611070 2327852 1419 50 -70

 

Los Ricos Exploration Projects

The Company’s two exploration projects at its Los Ricos property are in Jalisco state, Mexico.  The 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.  The South Project also includes the Cerro Colorado, Las Lamas and East Vein targets.  The North Project was launched in March 2020 and includes drilling at the Monte del Favor, Salomon, 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 exploration project in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.

 

 

 

Posted June 24, 2020

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