The Prospector News

GoGold Intersects 17.3m at 317 g/t Silver Equivalent at Los Ricos South Project

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

GoGold Intersects 17.3m at 317 g/t Silver Equivalent at Los Ricos South Project

 

 

 

 

 

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is pleased to release the assay results from 9 diamond drill holes at the South Project in the Company’s Los Ricos district project.  Diamond drilling resumed on January 12, 2020 and a fifth drill has been added to the program.  Three drills are testing the Los Ricos vein north of the historical stopes and two drills are completing a series of short holes along the el Abra outcrop.

 

Hole LRGG-20-100 was drilled on Section 275N and intersected the up-dip extension of Los Ricos quartz vein from 9.9 to 29.1m.  The vein consisted of white quartz with pyrite boxwork and black sulphide minerals and averaged 4.23 g/t gold equivalent or 317.2 g/t silver equivalent, made up of 1.51 g/t gold and 204.3 g/t silver over 17.3 metres and included 6.9 metres of 6.56 g/t gold equivalent or 492 g/t silver equivalent.

 

Hole LRGG-20-98 encountered a 7.5m historical working with the hanging portion of the vein showing 4.0 metres of 452 g/t silver equivalent, made up of 1.78 g/t gold and 319 g/t silver. 

 

“We are drilling these short holes in order to obtain assay information on the upper 100m portion of the Los Ricos vein that forms the face of the el Abra hill.  This part of the deposit has not been drilled in the past and is essential to complete these drill holes for estimating the resource,” said Brad Langille, President and CEO. “We are also very excited to drill below hole 88 (intercepted 647 g/t silver equivalent for 18.9m, see press release #03 dated January 22, 2020)  to further test the down dip extensions.”

 

Hole LRGG-19-092 was drilled on Section 650N  and intersected the Los Ricos quartz vein from 147 to 166m and averaged 2.78 g/t gold equivalent or 208.4 g/t silver equivalent, made up of 1.27 g/t gold and 113.4 g/t silver over 19.0 metres.  A higher-grade section of the interval averaged 7.38 g/t gold equivalent or 554 g/t silver equivalent over 6.5m.   No historical workings were encountered in this hole.

 

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%252FLosRicos_LongSec_20200226.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-19-092 Main 650N 147.0 166.0 19.0 1.27 113.4 2.78 208.4
  including   147.0 159.2 12.2 1.94 172.6 4.25 318.4
  including   149.0 155.5 6.5 3.39 299.2 7.38 553.7
LRGG-20-093 Main 600N 36.7 45.5 8.8 0.41 75.7 1.42 106.6
LRGG-20-094 Main 500N 61.5 65.4 3.8 0.66 173.9 2.97 223.1
LRGG-20-095 Main 500N 30.9 48.0 17.1 0.61 121.4 2.23 167.1
  including   34.1 41.3 7.2 1.20 207.5 3.97 297.6
LRGG-20-096 Main 400N 30.9 47.5 16.6 1.40 62.8 2.24 167.9
LRGG-20-097 Main 375N 72.4 78.9 6.4 0.23 81.2 1.31 98.6
LRGG-20-098 Main3 425N 62.0 66.0 4.0 1.78 318.6 6.03 452.2
  and   79.0 93.5 14.5 0.12 31.1 0.53 39.9
LRGG-20-099 Main 750N 53.4 72.7 19.4 0.49 68.1 1.39 104.5
  including   54.5 60.8 6.3 1.08 108.8 2.53 190.1
LRGG-20-100 Main4 275N 9.9 29.1 17.3 1.51 204.3 4.23 317.2
  including   11.1 18.0 6.9 2.92 272.7 6.56 492.1
1. Not true width        
2. AuEq and AqEq converted using a silver to gold ratio of 75:1        
3. Hanging portion of vein above a 7.5m wide mined void        
4. Excludes 1.9m of historically mined void        

 

 

Table 2: Drill Hole Locations   

 

Hole ID Easting Northing Elevation Azimuth Dip Length
LRGG-19-092 610304 2327801 1440 50 -65 201.0
LRGG-20-093 610459 2327873 1304 50 -45 57.0
LRGG-20-094 610515 2327784 1297 50 -45 120.0
LRGG-20-095 610537 2327806 1312 50 -45 90.0
LRGG-20-096 610592 2327724 1281 50 -45 70.5
LRGG-20-097 610585 2327678 1283 50 -45 115.5
LRGG-20-098 610554 2327717 1294 50 -45 120.0
LRGG-20-099 610301 2327962 1281 50 -45 99.0
LRGG-20-100 610695 2327640 1267 50 -20 57.0

 

 

The Company is undertaking two drilling and exploration projects at its Los Ricos property located 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 and Las Lamas targets.  The North Project was launched this month and includes 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 (TSX: GGD) 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 February 26, 2020

Share this news article

MORE or "UNCATEGORIZED"


HECLA ACQUIRES ALEXCO RESOURCE

America’s largest and highest-grade silver producer adding ... READ MORE

July 5, 2022

ALPHAMIN ANNOUNCES RECORD QUARTERLY TIN PRODUCTION/ Q2 2022 EBITDA GUIDANCE OF US$66.5m/ DIVIDEND DECLARED

Alphamin Resources Corp. (TSX-V:AFM) (JSE AltX:APH) a producer of... READ MORE

July 5, 2022

Golden Shield Closes C$6.3M Private Placement

Golden Shield Resources Corp. (CSE: GSRI) (Frankfurt: 4LE0) is pl... READ MORE

July 5, 2022

Argonaut Gold Closes Previously Announced C$195,300,000 Equity Offering and Signs Commitment Letter for US$250 Million Credit Facilities

Argonaut Gold Inc. (TSX: AR) is pleased to announce it has closed... READ MORE

July 5, 2022

QC Copper & Gold Reports 10 New Holes to Convert Waste into In-Pit Mineralization

QC Copper and Gold Inc. (TSX-V: QCCU) (OTCQB: QCCUF) is pleased t... READ MORE

July 5, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News