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With gold prices approaching $2,000 per oz., gold exploration and mine development remain important drivers for many mining companies.

GoGold closes C$28M offering for Mexican projects Los Ricos. Image from GoGold. Halifax-based GoGold Silver and Gold (TSX: GGD) has closed a bought deal financing worth C$28.8 million to support work at its Los Ricos North and South projects in Jalisco state, Mexico. The original offering was for 10 million common shares at a price of C$2.50 each for gross proceeds of C$25 million. The underwriters took up an overallotment of 1.5 million shares at the same price for an additional C$3.75 million. Sign Up for the Precious Metals Digest Sign Up GoGold completed a preliminary economic assessme...

GoGold closes $28M offering for Mexican projects May 10, 2021 Commodities Halifax-based GoGold Silver and Gold (TSX: GGD) has closed a bought deal financing worth $28.8 million to support work at its Los Ricos North and South projects in Jalisco state, Mexico. The original offering was for 10 million common shares at a price of $2.50 each for gross proceeds of $25 million. The underwriters took up an overallotment of 1.5 million shares at the same price for an additional $3.75 million. GoGold completed a preliminary economic assessment in January 2021 for Los Ric...

 GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF)  ("GoGold", "the Company") is pleased to release the results of 5 diamond drill holes from the El Orito area in its Los Ricos North project.  Hole LRGO-21-014 intersected 84.6m of 125 g/t silver equivalent ("AgEq") (See Table 1 for details including breakdown of silver and gold values), which included 3.5m of 845 g/t AgEq. Figure 1: Plan View – La Trini to El Favor Area of Los Ricos North (CNW Group/GoGold Resources Inc.) Figure 2: El Orito Drill Hole Locations (CNW Group/GoGold Resources Inc.) Figure 3: Favor-Orito Long Section (CNW Grou...

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 ...