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GoGold’s Intersects 33.5m at 2.67 g/t Gold Equivalent Including 9.5m at 5.47 g/t Gold Equivalent

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GoGold’s Intersects 33.5m at 2.67 g/t Gold Equivalent Including 9.5m at 5.47 g/t Gold Equivalent

 

 

 

 

 

GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) is pleased to release the assay results from 8 new diamond drill holes at the Los Ricos project, including 4 holes in the San Juan area, 2 holes in the Main area, and 2 holes along the South edge of the Main area.

 

Hole LRGG-19-073, drilled on Section 750N to test the San Juan zone, intersected 33.5m of quartz vein from 59.8 to 96.5m, averaging 2.67 g/t gold equivalent or 200.4 g/t silver equivalent, made up of 1.12 g/t gold and 116.7 g/t silver, including 9.5m of 5.47 g/t gold equivalent.  Historical workings of 3.3m were encountered in this hole.

 

Hole LRGG-19-076 was drilled on Section 750N approximately 50m down dip of hole LRGG-19-073 and intersected 38.5m of quartz vein from 106.5 to 145.0m averaging 2.38 g/t gold equivalent or 178.2 g/t silver equivalent, including 5.8m of 5.17 g/t gold equivalent. No historical workings were encountered in the hole.

 

Hole LRGG-19-077 was drilled on Section 750N approximately 40m down dip of hole LRGG-19-076 and intersected 26.0m of quartz vein from 112.5 to 138.5m averaging 2.29 g/t gold equivalent or 171.7 g/t silver equivalent, including 4.3m of 7.49 g/t gold equivalent.  No historical workings were encountered in the hole.

 

“Hole 77 is the deepest intersection on the San Juan zone that we have drilled to date.  We’re seeing wide zones of mineralization carrying strong gold and silver grade in all three of the new holes and I believe we are starting to outline a new ore shoot to the north of the historical Los Ricos mine,” said Brad Langille, President and CEO.

 

Hole LRGG-19-065 was drilled in the Main area and intersected 13.1m of quartz vein from 276 to 291m, averaging 1.35 g/t gold equivalent or 101.1 g/t silver equivalent, made up of 0.23 g/t gold and 83.9 g/t silver, including 5.4m of 2.57 g/t gold equivalent.  Historical workings of 1.9m were encountered.

 

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_20191204.pdf

 

Table 1:  Drill Hole Intersections

 

 

Hole ID Area From To Length1 Au Ag AuEq2 AgEq2
    (m) (m) (m) (g/t) (g/t) (g/t) (g/t)
LRGG-19-065 Main Deep3 276.0 291.0 13.1 0.23 83.9 1.35 101.1
  including 281.0 286.4 5.4 0.50 154.7 2.57 192.4
LRGG-19-071 San Juan 101.6 120.8 19.2 0.28 53.8 1.00 75.0
LRGG-19-072 Main South 101.6 120.8 19.2 0.28 53.8 1.00 75.0
LRGG-19-073 San Juan4 59.8 96.5 33.5 1.12 116.7 2.67 200.4
  including 64.5 74.0 9.5 3.01 183.9 5.47 409.9
  including 86.0 89.0 3.0 1.81 291.4 5.70 427.4
LRGG-19-074 Main5 346.2 383.9 34.3 0.23 62.6 1.06 79.8
LRGG-19-075 Main South 153.8 160.0 6.2 0.23 15.3 0.43 32.4
LRGG-19-076 San Juan 106.5 145.0 38.5 0.73 123.4 2.38 178.2
  including 122.4 128.2 5.8 1.70 260.3 5.17 387.5
  including 136.0 142.0 6.0 1.58 220.0 4.51 338.5
LRGG-19-077 San Juan 112.5 138.5 26.0 1.03 94.5 2.29 171.7
  including 115.5 119.8 4.3 4.28 241.1 7.49 561.9
         
1. Not true width      
2. AuEq and AqEq converted using a silver to gold ratio of 75:1      
3. Excludes 1.9m of open stopes from historical underground workings      
4. Excludes 3.3m of open stopes from historical underground workings      
5. Excludes 3.5m of open stopes from historical underground workings      

 

 

Table 2: Drill Hole Locations   

 

Hole ID Easting Northing Elevation Azimuth Dip Length
LRGG-19-065 610499 2327508 1425 50.0 -65.0 335.0
LRGG-19-071 610310 2327871 1453 50.0 -65.0 144.0
LRGG-19-072 610737 2327479 1414 50.0 -65.0 150.0
LRGG-19-073 610318 2327943 1464 50.0 -65.0 132.0
LRGG-19-074 610361 2327522 1408 50.0 -65.0 417.0
LRGG-19-075 610701 2327449 1409 50.0 -65.0 180.0
LRGG-19-076 610284 2327915 1451 50.0 -65.0 175.5
LRGG-19-077 610256 2327889 1438 50.0 -65.0 190.5

 

 

To date, GoGold has completed 90 diamond drill holes totaling 15,140m of HQ size diamond drill core since starting the Los Ricos drilling program in March 2019. The Phase II drilling program has started and a fourth drill machine was added to the program.

 

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 program has now been expanded for additional testing along 3.2 km of the Los Ricos mineralized zone.

 

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 December 4, 2019

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