Hole LRGG-19-088 was drilled to test for a northern strike extension of the Los Ricos vein about 65m past the north end of the historical stope on Section 600N. The hole intersected the Los Ricos quartz vein from 218.1 to 237.0m and averaged 8.63 g/t gold equivalent or 647.0 g/t silver equivalent, made up of 2.01 g/t gold and 496.4 g/t silver over 18.9 metres. A higher-grade section of the interval averaged 31.74 g/t gold equivalent or 2,380.8 g/t silver equivalent over 5.0m. No historical workings were encountered in this hole.
'The majority of our past drilling has focussed on the historical mine at Los Ricos. The high grade hole 88 opens up what we believe is a new ore shoot to the northwest which we will continue to focus additional drilling. This drilling can potentially yield additional high grade intercepts which could be a bulk minable target,' said
Five other holes, LRGG-19-087, 089, 090, and 091 all intersected the Los Ricos vein above the historical 300 Foot Level and north of the old Stopes. None of the new holes cut any underground workings. Hole LRGG-19-083 was abandoned in the Hanging Wall andesitic tuffs at a depth of 183m, well above the Los Ricos vein.
Hole LRGG-19-085 was drilled on Section 450N to test the Main Stope on the 750 Foot Level of the historical workings. The hole entered a 12.0m wide backfilled stope at 342.0m and then intersected 16.8m of the Los Ricos quartz vein from 354.0 to 370.8m averaging 1.51 g/t gold equivalent or 113.1 g/t silver equivalent.
Hole LRGG-19-084 was drilled on Section 200N and intersected the Los Ricos quartz vein averaging 0.68 g/t gold equivalent over 7.5 from 218.0 to 225.5m. Hole LRGG-19-086 was an exploration hole testing the Rascadero quartz vein from 194.6 to 209.9m. The vein was weakly mineralized over the entire intersection.
In 2019, GoGold completed 112 diamond drill holes totaling 17,373.3m of HQ size diamond drill core since starting the Los Ricos drilling program in
The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling. When the sample lengths are determined, the full core is sawn with a diamond blade core saw with one half of the core being bagged and tagged for assay. The remaining half portion is returned to the core trays for storage and/or for metallurgical test work.
The sealed and tagged sample bags are transported to the ActLabs facility in
Quality Assurance / Quality Control and Data Verification
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.
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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.
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