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GoGold Resources Inc. Drills 1.3m of 1,048 g/t AgEq at La Trini in Los Ricos North12.11.2020 | 12:30 Uhr | CNW
HALIFAX, Nov. 12, 2020 - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release additional assay results from the Company's La Trini deposit on the Los Ricos North project, including 1.3m of 1,048 g/t silver equivalent ("AgEq") from hole LRGT-20-062. Hole LRGT-20-062 was drilled at the La Trini deposit and intersected silicified and altered quartz rhyolite units from 85.3m to 103.5m for 18.2m of 124 g/t AgEq and again from 111.3m to 120.5m for 9.3m of 169 g/t AgEq. The 18.2m of 124 g/t AgEq consisted of 71 g/t silver and 0.71 g/t gold and included high grade core of 2.0m of 550 g/t AgEq. The second intercept of 9.3m of 169 g/t AgEq consisted of 124 g/t silver and 0.60 g/t gold, and included a high grade core of 1.3m of 1,048 g/t AgEq, which was made up of 734 g/t silver and 4.20 g/t gold. "We're pleased with the strong results from the drilling program at La Trini and expect additional results shortly from Salomon-Favor where 3 drill rigs operate continually. We anticipate these results will build upon the excellent results achieved in our initial drill holes at Salomon-Favor," said Brad Langille, President and CEO. Hole LRGT-20-055 intersected 25.9m of 78 g/t AgEq from 73.1 to 99.0m, consisting of 52 g/t silver and 0.34 g/t gold, which included 4.7m of 184 g/t AgEq. Hole LRGT-20-056 intersected 2.4m of 304 g/t AgEq from 156.6 to 159.0m, which was made up of 124 g/t silver and 0.81 g/t gold. Currently the Company has 6 drill rigs operating at Los Ricos North, with 2 operating at the La Trini target, 3 drilling at the Salomon-Favor target, and 1 drilling at El Orito. Detailed intersections are listed in Table 1 and the hole locations are shown in Table 2. A drill plan map of La Trini showing the latest results is available at https://gogoldresources.com/images/uploads/files/LRN20201112.pdf Table 1: Drill Hole Intersections
Table 2: Drill Hole Locations
Los Ricos District Exploration Projects The Los Ricos North Project was launched in March 2020 and includes drilling at the Salomon-Favor, La Trini, and El Orito targets. Procedure, Quality Assurance / Quality Control and Data Verification The sealed and tagged sample bags are transported to the ActLabs facility in Zacatecas, Mexico. ActLabs crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing Tyler 150 mesh (106?m). The pulps are assayed for gold using a 50-gram charge by fire assay (Code 1A2-50) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric finish (Code 1A3-50). Silver and multi-element analysis is completed using total digestion (Code 1F2 Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a gravimetric finish (Code 8-Ag FA-GRAV Ag). Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-custody of the samples and includes the systematic insertion and monitoring of appropriate reference materials (certified standards, blanks and duplicates) into the sample strings. The results of the assaying of the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All results stated in this announcement have passed GoGold's QA/QC protocols. 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. About GoGold Resources CAUTIONARY STATEMENT: 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 South and North projects, future operating margins, future production and processing, and future plans and objectives of GoGold, including the timing for completing an initial resources estimate at Los Ricos North, 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.
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