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GoGold Resources Announces Assay Results

Mining News - Published on Mon, 07 Oct 2019

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GoGold Resources Inc announced the assay results from hole LRGG-19-048, the latest hole completed on the San Juan area located 400 metres to the northwest of the Los Ricos Main mine area. Hole LRGG-19-049 was drilled at the northern end of the Main mine area. Hole LRGG-19-048 intersected 21.0m of the Los Ricos vein from 89.1 to 110.1m down the hole and averaged 3.33 g/t gold equivalent made up of 1.38 g/t gold and 145.9 g/t silver; including a 5.0m interval averaging 10.2 g/t gold equivalent made up of 4.36 g/t gold and 436.2 g/t silver. No historical underground workings were encountered in the hole.

Brad Langille, President and CEO said that “We are encouraged with these new high grade assay results at San Juan. Hole 48 was drilled to test about 50m up dip from our San Juan discovery hole LRGG-19-030 and is quickly demonstrating the potential for near surface mineralization. We have now tested San Juan 200m down dip from surface and our drilling program will continue to focus on the extent of this newly discovered potential ore shoot down dip and along strike. We’ve expanded our drilling program with the addition of a third drill rig.”

The Company’s initial drilling program, which began in March, was planned for 10,000 metres of drilling. As of today, the drilling program has exceeded 8,700 metres, and the Company intends to continue drilling well past the 10,000 metre mark due to the strength of the results achieved to date. A third drilling rig was added to the project last week.

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Posted By : Rabi Wangkhem on Mon, 07 Oct 2019
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