GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is pleased to release the assay results from 11 diamond drill holes at the South Project in the Company’s Los Ricos district project, including two at San Juan and nine in the Main area.

Hole LRGG-20-106 was drilled on Section 775N in the San Juan area of the project and intersected the Los Ricos quartz vein from 101.1 to 122.0m.  The vein averaged 219 g/t silver equivalent or 2.92 g/t gold equivalent, made up of 118 g/t silver and 1.35 g/t gold over 21.0 metres and included 9.5 metres of 430 g/t silver equivalent, or 5.73 g/t gold equivalent.

“We’ve increased the pace of drilling at the Los Ricos South Project and continue to hit wide intercepts of good grade.  We’ve released the results of our first short holes along the el Abra outcrop which confirm grade starts at surface, including hole 102 which showed 10.7m of 235 g/t silver equivalent,”  said Brad Langille, President and CEO.  “At the Los Ricos North Project, we are mobilizing and completing preparatory work for our upcoming drilling campaign (as announced February 20, 2020 per PP#07-2020).”

Hole LRGG-20-101 was also drilled on section 775N in the San Juan area of the project and intersected 33.8 metres from 120.8 to 154.5m of 156 g/t silver equivalent or 2.08 g/t gold equivalent.  Included in the intercept was 5.0m of 617 g/t silver equivalent.

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_20200310.pdf

Los Ricos Exploration Projects

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 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.