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GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)
( GoGold , the Company ) is pleased to release the results of 12 diamond drill holes from the El Favor deposit in the Los Ricos North project. Hole LRGF-21-033 intersected significant mineralization for a total of 48.5m out of 122.8m drilled, including 2.3m of 2,245 g/t silver equivalent ( AgEq ) within 8.8m of 636 g/t AgEq. The hole also intersected 33.9m of 160 g/t AgEq which contained 3.0m of 527 g/t AgEq in a second vein, and intersected 5.8m of 420 g/t AgEq, including 2.1m of 854 g/t AgEq in a third vein. (See Table 1 for details including breakdown of silver and gold values).
GoGold Announces Filing of PEA Technical Report for Los Ricos South
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Trading Symbols: TSX: GGD
HALIFAX, NS, Feb. 22, 2021 /PRNewswire/ -
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ( GoGold , the Company ) is pleased to announce the filing of a National Instrument 43-101 Preliminary Economic Assessment ( PEA ) Technical Report (the Report ) for their Los Ricos South Project located in Jalisco State, Mexico. The highlights of the Report were previously announced in a news release dated January 20, 2021, and the effective date of the Report is February 22, 2021.
Highlights of the PEA, with a base case silver price of US$21/oz and gold price of US$1,550/oz are as follows (all figures in US dollars unless otherwise stated):
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GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)
( GoGold , the Company ) is pleased to release the results of the initial 9 diamond drill holes from the Casados deposit in the Los Ricos North project. These are the first holes ever drilled in what represents a new discovery at Casados. Although there was limited historical mining that averaged 1.5m in width on one of the veins (Casados – Vein 1), the discovery is that the Casados Vein 1 is strongly mineralized over widths exceeding 20m. There is an additional discovery of a second fully intact vein (Casados – Vein 2) in the footwall that exceeds 20m in width with grades as good or exceeding Vein 1. In some instances, these two veins combine into one with widths up to 56.5m of 171 g/t silver equivalent ( AgEq ).