Announcement Date: 2022-09-07
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: GoGold Resources Inc.
Project name: Los Ricos
Location: Mexico
Commodities: Gold,Silver
Highlight: Drilling results incl. 47.6m @ 0.52g/t Au, 108.5g/t Ag from 257.7m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Halifax, NS – GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) (“GoGold”, “the Company”) is pleased to release the results of 7 drill holes from the El Favor East deposit within Los Ricos North property. Hole LRGF-22-136 intersected 1.1m of 1,625 g/t silver equivalent (“AgEq”) contained within 47.6m of 147 g/t AgEq, and hole LRGF-22-124 intersected 0.9m of 1,835 g/t AgEq contained within 22.0m of 134 g/t AgEq. In early 2022, the exploration team began a systematic stepout drilling program to test the eastern strike extension of the El Favor deposit in the area between Discovery Hole 48 and the underground workings at the Constancia Mine. This area is known as the El Favor East zone, and the mapping and drilling program has extended the presence of mineralization 900m to the east of hole 48 (El Favor East zone discovery hole), as shown in Figure 1. To date, approximately 800m of El Favor East has been drilled showing the strong mineralization. The drill holes in this release were not included in the initial Mineral Resource Estimate for Los Ricos North released on December 7, 2021, hole LRGF-21-094 was the final drill hole included in that resource.
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