GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)
( GoGold , the Company ) is pleased to release the results of drilling at La Trini in Los Ricos North. To date, the Company has released the drill results of 96 holes at La Trini.
Drill hole LRGT-20-096 intercepted 11.4m of 101 g/t silver equivalent ( AgEq ), consisting of 97 g/t silver and 0.05 g/t gold, from 36.9 to 38.3m. This included 0.8m of 1,233 g/t AgEq, consisting of 1,214 g/t silver and 0.25 g/t gold.
Figure 1: La Trini Plan View (CNW Group/GoGold Resources Inc.)
Figure 2: Plan View – La Trini to El Favor Area of Los Ricos North (CNW Group/GoGold Resources Inc.)
GoGold Announces New Discovery at El Orito in Los Ricos North Including 43m averaging 323 g/t AgEq
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Trading Symbols: TSX: GGD
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ( GoGold , the Company ) is pleased to release the results of the initial 6 diamond drill holes from the new discovery called El Orito in its Los Ricos North project. All 6 holes have intersected significant zones of epithermal silver, gold, and base metal sulfide mineralization as shown in Table 1. These are the first drill holes ever to test El Orito.
Figure 1: Favor-Orito Plan View (CNW Group/GoGold Resources Inc.)
GoGold Announces NPV of US$295M for Los Ricos South PEA
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Trading Symbols: TSX: GGD
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)
( GoGold , the Company ) is pleased to release the results of its initial Preliminary Economic Assessment ( PEA ) at its Los Ricos South Project located in Jalisco State, Mexico.
Highlights of the PEA, with a base case silver price of US$21.00/oz and gold price of US$1,550/oz are as follows (all figures in US dollars unless otherwise stated):
GoGold completes PEA at its first target in Los Ricos district – Los Ricos South;
After-Tax NPV (using a discount rate of 5%) of $295 Million with an After-Tax IRR of 46% (Base Case);
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)
( GoGold , the Company ) is pleased to release additional assay results from the Company s El Favor deposit on the Los Ricos North property, including 2.0m of 928 g/t silver equivalent ( AgEq ), within 15.3m of 174 g/t AgEq, both from hole LRGF-20-019.
Figure 1: Plan View – El Favor (CNW Group/GoGold Resources Inc.)
Figure 2: El Favor – Isometric View Looking West (CNW Group/GoGold Resources Inc.)
Figure 3: Los Ricos District (CNW Group/GoGold Resources Inc.) Results from our first 20 diamond drill holes are demonstrating the El Favor deposit is hosted by a large scale zone of semi-parallel silver and gold bearing structures. The deposit is open along strike and at depth and may be amenable to bulk mining, said Brad Langille, President and CEO. We believe El Favor will form a significant part of our maiden resource for the Los Ricos North project. With 10 new targets already identified for diamond drilling in 20