GoGold to Present at Upcoming Conferences and Provides Summary of Los Ricos Exploration to Date
Trading Symbol: TSX: GGD
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HALIFAX, Sept. 6, 2019 /CNW/ - GoGold Resources Inc.'s (TSX: GGD) ("GoGold", "the Company") President and CEO, Brad Langille, will present at the upcoming Precious Metals Summit in Beaver Creek, Colorado, on September 13, 2019 at 12:45PM EST, and Denver Gold Group's Gold Forum Americas in Denver, Colorado on September 17, 2019 at 10:40AM EST.
"This will be a great opportuny to present the results of our very successful drilling campaign at Los Ricos, as well as Parral's production currently outperforming any of the Company's past quarters, to the attendees of the upcoming conferences. A long section and list of all of our drill holes to date are included below," said Brad Langille, President and CEO.
Figure 1 is a longitudinal section summary of all the holes drilled at Los Ricos to date and is available at https://gogoldresources.com/component/rsfiles/preview?path=diagrams%252FLosRicos_LongSec_20190904.pdf.
Figure 2 provides a 3D view of the Los Ricos property surrounding the historical underground workings at the Main Area, with the location of the other zones shown.
Detailed intersections for all holes drilled to date are shown below in Table 1.
Table 1 | |||||||
Hole ID | Comment | From | To | Length1 | Au | Ag | AuEq2 |
(m) | (m) | (m) | (g/t) | (g/t) | (g/t) | ||
LRGG-19-001 | Main | 71.0 | 106.5 | 35.5 | 1.24 | 284.7 | 5.04 |
HW zone | 71.0 | 81.0 | 10.0 | 1.27 | 249.1 | 4.59 | |
Open Stope3 | 81.0 | 82.5 | 1.5 | * | * | * | |
FW zone | 82.5 | 106.5 | 24.0 | 1.31 | 317.3 | 5.54 | |
including | 91.5 | 98.0 | 6.5 | 3.32 | 905.8 | 15.39 | |
LRGG-19-002 | Main | 26.5 | 54.1 | 27.6 | 1.56 | 159.0 | 3.68 |
including | 28.4 | 34.0 | 5.6 | 5.52 | 525.0 | 12.52 | |
LRGG-19-003 | Main | 145.0 | 165.4 | 20.4 | 2.21 | 318.7 | 6.45 |
including | 145.0 | 155.5 | 10.5 | 4.26 | 608.0 | 12.36 | |
including | 146.0 | 153.2 | 7.2 | 6.17 | 869.5 | 17.77 | |
LRGG-19-004 | Main | 96.5 | 99.0 | 2.5 | 0.04 | 27.2 | 0.40 |
LRGG-19-005 | Main | 121.0 | 131.8 | 10.8 | 0.19 | 53.8 | 0.91 |
LRGG-19-006 | Main | 107.1 | 132.0 | 25.0 | 0.33 | 35.7 | 0.81 |
including | 119.7 | 122.5 | 2.8 | 1.41 | 52.6 | 2.11 | |
LRGG-19-007 | Main | 149.5 | 161.2 | 11.7 | 0.68 | 88.8 | 1.87 |
including | 163.0 | 169.1 | 6.1 | 0.58 | 141.9 | 2.47 | |
LRGG-19-008 | Main | 109.4 | 131.7 | 22.4 | 4.13 | 182.1 | 6.55 |
including | 127.5 | 130.5 | 3.0 | 25.08 | 533.9 | 32.20 | |
and | 134.7 | 147.6 | 12.9 | 0.17 | 31.5 | 0.59 | |
LRGG-19-009 | Main | 34.5 | 55.7 | 21.2 | 7.66 | 1270.2 | 24.60 |
including | 37.8 | 44.7 | 6.9 | 21.97 | 3717.6 | 71.54 | |
LRGG-19-010 | Open Stope3 | 97.5 | 99.0 | 1.5 | - | - | - |
Main | 99.0 | 117.8 | 18.8 | 0.37 | 67.9 | 1.27 | |
including | 102.2 | 106.7 | 4.5 | 0.96 | 119.5 | 2.55 | |
LRGG-19-011 | Main | 253.0 | 271.5 | 18.5 | 1.20 | 140.3 | 3.07 |
including | 261.8 | 270.3 | 8.4 | 2.16 | 227.8 | 5.19 | |
LRGG-19-012 | Main | 220.3 | 238.0 | 17.8 | 0.59 | 82.7 | 1.69 |
including | 224.5 | 238.0 | 13.5 | 0.77 | 100.4 | 2.11 | |
including | 228.5 | 235.5 | 7.0 | 1.16 | 131.9 | 2.92 | |
LRGG-19-013 | Main | 163.9 | 179.5 | 15.6 | 0.78 | 194.7 | 3.38 |
including | 166.0 | 174.8 | 8.8 | 1.30 | 296.5 | 5.25 | |
including | 166.0 | 168.2 | 2.2 | 2.09 | 331.7 | 6.52 | |
LRGG-19-014 | Main | 204.3 | 218.5 | 14.2 | 1.10 | 126.8 | 2.79 |
including | 208.3 | 216.0 | 7.7 | 1.94 | 209.3 | 4.73 | |
and | 224.5 | 228.0 | 3.5 | 0.16 | 26.5 | 0.51 | |
LRGG-19-015 | Main | 23.4 | 40.5 | 17.1 | 0.71 | 67.9 | 1.62 |
including | 27.0 | 32.6 | 5.6 | 1.68 | 137.2 | 3.51 | |
Open Stope3 | 40.5 | 43.7 | 3.2 | * | * | * | |
Main | 43.7 | 54.0 | 10.3 | 1.19 | 85.0 | 2.33 | |
including | 43.7 | 49.0 | 5.3 | 2.02 | 138.1 | 3.87 | |
LRGG-19-016 | Main | 80.8 | 85.8 | 5.0 | 0.52 | 160.6 | 2.66 |
Open Stope3 | 85.8 | 88.3 | 2.5 | * | * | * | |
including | 91.7 | 98.1 | 6.3 | 2.14 | 336.7 | 6.63 | |
LRGG-19-017 | Main | 83.2 | 115.2 | 32.0 | 0.80 | 178.8 | 3.18 |
including | 83.2 | 94.5 | 11.3 | 1.46 | 347.8 | 6.10 | |
LRGG-19-018 | Main | 258.5 | 279.9 | 21.4 | 0.81 | 170.1 | 3.08 |
including | 263.2 | 276.0 | 12.9 | 1.24 | 262.4 | 4.74 | |
including | 268.5 | 276.0 | 7.5 | 1.78 | 342.4 | 6.35 | |
LRGG-19-019 | Main | 23.0 | 27.5 | 4.5 | 1.50 | 196.6 | 4.13 |
Open Stope3 | 27.5 | 29.7 | 2.2 | * | * | * | |
Main | 29.7 | 43.5 | 13.8 | 0.63 | 86.0 | 1.78 | |
including | 29.7 | 33.9 | 4.2 | 1.52 | 198.3 | 4.17 | |
LRGG-19-020 | Main | 43.8 | 58.7 | 14.9 | 1.78 | 106.4 | 3.20 |
including | 45.0 | 52.0 | 7.0 | 3.48 | 155.6 | 5.55 | |
LRGG-19-021 | Main | 9.0 | 16.5 | 7.5 | 0.09 | 18.1 | 0.33 |
Open Stope3 | 16.5 | 22.5 | 6.0 | * | * | * | |
Main | 22.5 | 38.1 | 15.6 | 1.15 | 113.5 | 2.67 | |
including | 22.5 | 29.0 | 6.5 | 2.38 | 236.5 | 5.54 | |
LRGG-19-022 | Main | 170.4 | 193.7 | 23.3 | 1.78 | 201.5 | 4.47 |
including | 171.5 | 181.5 | 10.0 | 3.58 | 389.6 | 8.78 | |
LRGG-19-023 | Main | 34.0 | 58.0 | 24.0 | 0.61 | 126.0 | 2.29 |
including | 34.0 | 48.7 | 14.7 | 0.93 | 200.8 | 3.61 | |
LRGG-19-024 | Main | 25.0 | 30.0 | 5.0 | 0.36 | 30.8 | 0.77 |
LRGG-19-025 | Main | 34.9 | 59.5 | 24.6 | 1.30 | 135.0 | 3.10 |
including | 34.9 | 50.4 | 15.5 | 2.00 | 203.3 | 4.71 | |
LRGG-19-026 | Main | 4.0 | 9.7 | 5.7 | 1.29 | 201.1 | 3.98 |
Open Stope3 | 9.7 | 11.3 | 1.6 | * | * | * | |
Main | 11.3 | 29.5 | 18.2 | 0.16 | 34.5 | 0.62 | |
LRGG-19-027 | Main | 38.3 | 51.0 | 12.7 | 1.08 | 169.8 | 3.34 |
including | 38.3 | 45.0 | 6.7 | 1.83 | 268.1 | 5.40 | |
and | 60.0 | 65.0 | 5.1 | 0.28 | 23.4 | 0.59 | |
LRGG-19-028 | Main | 34.5 | 62.0 | 27.5 | 1.21 | 133.5 | 2.99 |
including | 35.1 | 46.0 | 11.0 | 2.93 | 293.9 | 6.85 | |
LRGG-19-029 | Main | 28.5 | 31.5 | 3.0 | 0.99 | 157.1 | 3.09 |
Open Stope3 | 31.5 | 34.1 | 2.6 | * | * | * | |
Main | 34.1 | 34.7 | 0.6 | 1.64 | 300.3 | 5.64 | |
Open Stope3 | 34.7 | 39.0 | 4.3 | * | * | * | |
Main | 39.0 | 41.0 | 2.0 | 0.12 | 19.4 | 0.38 | |
LRGG-19-030 | San Juan | 128.7 | 145.5 | 16.9 | 0.54 | 67.8 | 1.45 |
including | 138.0 | 143.0 | 5.0 | 1.46 | 147.9 | 3.43 | |
LRGG-19-031 | Main | 25.5 | 31.7 | 6.2 | 1.17 | 157.8 | 3.27 |
LRGG-19-032 | Main | 38.5 | 56.0 | 15.5 | 0.53 | 84.2 | 1.66 |
including | 38.5 | 47.2 | 8.7 | 0.75 | 94.3 | 2.01 | |
including | 42.3 | 45.0 | 2.7 | 2.04 | 216.6 | 4.93 | |
LRGG-19-033 | Main | 31.0 | 53.5 | 17.1 | 1.59 | 364.2 | 6.45 |
including | 31.0 | 36.6 | 5.6 | 3.81 | 818.1 | 14.72 | |
including | 43.0 | 53.5 | 10.5 | 0.52 | 142.5 | 2.42 | |
LRGC-19-001 | Cerro Colorado | 23.3 | 27.2 | 3.9 | 1.59 | 177.3 | 3.95 |
LRGC-19-002 | Cerro Colorado | 0.0 | 3.5 | 3.5 | 3.27 | 90.4 | 4.47 |
LRGC-19-003 | Cerro Colorado | 2.0 | 8.5 | 6.5 | 1.38 | 39.0 | 1.90 |
LRGC-19-004 | Cerro Colorado | 6.5 | 18.0 | 11.5 | 1.28 | 107.2 | 2.71 |
including | 7.3 | 11.0 | 3.7 | 3.36 | 294.6 | 7.29 | |
LRGC-19-005 | Cerro Colorado | 30.0 | 37.0 | 7.0 | 0.18 | 11.5 | 0.33 |
and | 43.5 | 56.5 | 13.0 | 0.12 | 16.4 | 0.34 | |
LRGC-19-006 | Cerro Colorado | 0.0 | 11.5 | 11.5 | 0.56 | 10.3 | 0.70 |
LRGC-19-007 | Cerro Colorado | 53.8 | 56.0 | 2.2 | 0.28 | 27.3 | 0.64 |
and | 68.5 | 77.0 | 8.5 | 0.06 | 15.7 | 0.27 | |
1. Not true width |
2. AuEq converted using a silver to gold ratio of 75:1 |
3. Voids from historical underground workings, no sample |
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 related to Los Ricos and drilling results.
About GoGold Resources
GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company's Parral Tailings project produces silver and gold at a low cash cost. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.
CAUTIONARY STATEMENT:
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to buy of any of GoGold's securities in the United States.
This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Parral tailings project, the Los Ricos project, future operating margins, future production and processing, and future plans and objectives of GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern, general economic and market conditions, mineral prices, the accuracy of mineral resource estimates, and the performance of the Parral project There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.
Important factors that could cause actual results to differ materially from GoGold's expectations include exploration and development risks associated with GoGold's projects, the failure to establish estimated mineral resources or mineral reserves, volatility of commodity prices, variations of recovery rates, and global economic conditions. For additional information with respect to risk factors applicable to GoGold, reference should be made to GoGold's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, GoGold's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release.
SOURCE GoGold Resources Inc.
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