PriceSensitive

GoGold Resources (TSX:GGD) acquires Eagle concession on the Los Ricos South property

Mining, Sponsored, The Watchlist
TSX:GGD
19 October 2022 14:15 (EDT)

This browser does not support the video element.

GoGold Resources (GGD) has acquired the Eagle concession covering the northern strike extension of the Main Deposit on the Los Ricos South property. 

The Los Ricos property is located in Jalisco state, Mexico.

This represents an extension to this previously defined Mineral Resource Estimate at Los Ricos South. Due diligence drilling has returned the highest grade intercepts to date in the district. 

Brad Langille, President & CEO of GoGold, sat down with Daniella Atkinson to discuss the news.

“We see the addition of the Eagle concession as a clear path to greatly increasing the value of our Los Ricos South project, as it is the same structure extending from our previously drilled Main zone onto the Eagle. As part of our due diligence, we completed mapping, geophysics and drilling that strongly linked the geophysical anomaly to the high-grade intercepts. In fact, hole 14 is the highest grade-thickness intercept drilled by the company to date. As we continue with a systematic drill program, we will evaluate the results, which may greatly improve the economics of the previously released Los Ricos South PEA.”

GoGold is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high-quality projects in Mexico. 

GoGold Resources Inc. (GGD) opened trading at C$1.64.


Related News