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Press Release - MINING.COM

Press Release - MINING.COM
mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.

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GoGold Announces New Discovery at Casados in Los Ricos North Including 2,740 g/t AgEq over 1.3m Contained Within 56.5m of 171 g/t AgEq

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 ). ....

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GoGold Drills 1,233 g/t AgEq over 0.8m within 511 g/t AgEq over 3.2m at La Trini in Los Ricos North

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.) ....

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GoGold Announces New Discovery at El Orito in Los Ricos North Including 43m averaging 323 g/t AgEq

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.) ....

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GoGold Announces NPV of US$295M for Los Ricos South PEA

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); ....

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