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GoGold Releases Additional Results from La Trini at Los Ricos North, including 5.6m of 1,070 g/t AgEq and 17.2m of 330 g/t AgEq

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GoGold Releases Additional Results from La Trini at Los Ricos North, including 5.6m of 1,070 g/t AgEq and 17.2m of 330 g/t AgEq

 

 

 

 

 

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 5.6m of 1,070 g/t silver equivalent from hole LRGT-20-33.

 

Hole LRGT-20-033 was drilled at the La Trini deposit and intersected a silicified and altered quartz rhyolite unit from 13.9 to 35.7m for 21.8m of 335 g/t AgEq, consisting of 130 g/t silver and 2.73 g/t gold.  The intersect included 5.6m of 1,070g/t AgEq, which was made up of 365 g/t silver and 9.40 g/t gold, which began at a depth of 18.4m. 

 

“Our exploration program at the La Trini target in Los Ricos North is continuing to provide strong results and a better understanding of what controls high grade mineralization.  Our drilling program in Los Ricos North is rapidly expanding from La Trini towards Salomon-Favor with a total of 6 drill rigs currently and a plan to increase to 8 to 10 rigs over the next 60 days,” said Brad Langille, President and CEO.

 

Hole LRGT-20-011 intersected 22.5m of 261 g/t AgEq from 12.2m to 34.7m, consisting of 158 g/t silver and 1.37 g/t gold, which included a higher grade core of 17.2m of 330 g/t AgEq.

 

Hole LRGT-20-013 intersected mineralization from 36.3 to 80.8m, for 44.5m of 126 g/t AgEq which was made up of 63 g/t silver and 0.84 g/t gold.  The intersect included 12.0m of 368 g/t AgEq, made up of 163 g/t silver and 2.73 g/t gold.

 

Currently the Company has 6 drill rigs operating at Los Ricos North, with 3 operating at the La Trini target, and 3 drilling at the Salomon-Favor target.  Detailed intersections are listed in Table 1 and the hole locations are shown in Table 2.

 

A drill plan map of the La Trini drill holes showing basic geology and the outcrop of the mineralized zone is available at 

https://gogoldresources.com/images/uploads/files/LRN20200930.pdf 

 

Table 1:  Drill Hole Intersections

 

Hold ID Area From To Length1 Au Ag AuEq2 AgEq2
    (m) (m) (m) (g/t) (g/t) (g/t) (g/t)
LRGT-20-010 La Trini 2.0 18.4 16.4 0.49 58.3 1.27 95.1
  including 2.0 7.0 5.1 1.48 90.7 2.69 201.8
LRGT-20-011 La Trini 12.2 34.7 22.5 1.37 158.3 3.49 261.4
  including 13.6 30.7 17.2 1.80 194.8 4.39 329.6
LRGT-20-012 La Trini 34.5 57.0 22.5 0.20 48.3 0.84 62.9
  and 64.7 73.7 9.0 0.32 25.1 0.65 49.0
LRGT-20-013 La Trini 36.3 80.8 44.5 0.84 62.8 1.68 125.6
  including 40.3 52.3 12.0 2.73 162.8 4.90 367.5
  and 94.8 107.0 12.2 0.02 30.6 0.42 31.9
LRGT-20-014 La Trini 27.6 66.0 38.4 0.40 29.6 0.79 59.2
  including 42.0 51.0 9.0 1.16 76.6 2.18 163.4
LRGT-20-015 La Trini 22.3 51.9 29.6 0.42 87.8 1.59 119.5
  including 23.8 29.8 6.0 1.81 270.9 5.42 406.5
LRGT-20-016 La Trini 2.0 29.0 27.0 0.12 48.2 0.76 57.3
  including 21.5 27.5 6.0 0.33 115.5 1.87 140.6
  and 36.5 60.0 23.5 0.10 42.3 0.67 50.1
LRGT-20-024 La Trini 34.3 42.2 7.9 0.86 64.4 1.72 128.9
  and 59.6 64.6 5.0 0.18 55.0 0.92 68.7
LRGT-20-025 La Trini 14.0 33.5 19.5 0.18 83.1 1.29 96.5
  and 46.3 47.9 1.6 0.21 31.6 0.63 47.4
  and 54.2 60.8 6.6 0.18 27.9 0.55 41.3
LRGT-20-026 La Trini 20.9 31.0 10.1 0.07 35.1 0.54 40.6
  and 36.9 40.0 3.1 0.28 91.9 1.50 112.6
LRGT-20-027 La Trini 22.8 26.8 4.0 0.10 27.8 0.47 35.1
  and 110.8 112.8 2.0 0.10 385.2 5.23 392.6
LRGT-20-032 La Trini 7.7 10.7 3.0 0.16 17.3 0.39 29.3
  and 28.1 29.6 1.5 0.02 32.5 0.46 34.3
  and 47.7 52.4 4.7 0.11 21.2 0.39 29.5
  and 58.7 65.2 6.5 0.23 24.1 0.56 41.6
LRGT-20-033 La Trini 13.9 35.7 21.8 2.73 130.3 4.47 335.2
  including 18.4 24.0 5.6 9.40 365.4 14.27 1,070.3

 

1. Not true width
2. AuEq and AqEq converted using a silver to gold ratio of 75:1
3. Holes LRGT-20-028 to LRGT-20-031 assays are outstanding and will be released at a later date
4. Holes LRGT-20-017 to LRGT-20-023 are excluded from above, as they were drilled to test a lower grade area to the east of the main Trini zone. Mineralization was not significant, averaging 9.8m of 29.10 g/t AgEq at approximate depth of 40m.  Results are available in the drilling summary at gogoldresources.com.

 

Table 2: Drill Hole Locations 

 

Hole ID Easting Northing Elevation Azimuth Dip Length
LRGT-20-010 582925 2339573 917 180 -65 81.0
LRGT-20-011 583000 2339574 896 180 -65 57.4
LRGT-20-012 583125 2339559 935 180 -65 91.5
LRGT-20-013 583100 2339626 927 180 -65 112.7
LRGT-20-014 583115 2339596 918 180 -70 100.8
LRGT-20-015 583075 2339536 906 180 -65 66.0
LRGT-20-016 583100 2339550 917 180 -65 101.0
LRGT-20-024 582875 2339686 924 180 -65 111.0
LRGT-20-025 582925 2339627 912 180 -65 73.8
LRGT-20-026 582900 2339653 920 180 -65 84.0
LRGT-20-027 582850 2339706 897 210 -65 151.8
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-20-032 583200 2339560 944 180 -65 118.7
LRGT-20-033 582975 2339598 911 180 -65 62.0

 

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.

 


A drill plan map of the La Trini drill holes showing basic geology and the outcrop of the mineralized zone (CNW Group/GoGold Resources Inc.)

 

Posted September 30, 2020

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