- GoGold Resources Inc. (GGD) shared the high-grade results from the main deposit within the Los Ricos South Property and Eagle concession
- Hole LRGG-22-218 discovered high grades of silver equivalent concentrates
- 20 holes drilled in the area found high grades of silver and varying grades of gold
- The Eagle concession found the highest-grade intercept drilled to date in the district
- GoGold Resources Inc. (GGD) is down 3.16 per cent and is trading at $1.84 per share as of 11:58 a.m. EST
GoGold Resources Inc. (GGD) has shared the latest high-grade results from the main deposit from the Los Ricos South Property and Eagle concession in Mexico.
One highlight made by the company was from hole LRGG-22-218, which discovered high-grades of silver equivalent concentrates.
Brad Langille, President and CEO of GoGold, commented,
“Drilling continues to expand the size of the newly acquired Eagle zone and continues to confirm high-grade wide intercepts in the Main deposit.”
Results from approximately 20 holes have been reported today, which found high grades of silver and varying low to high grades of gold.
Specifically, the Eagle concession’s, which joins the main deposit, drilling returned the highest-grade intercepts to date in the district. The wide high-grade intercepts are consistent with the company’s targets.
GoGold’s program was designed to better outline the very high-grade portions of the current deposit that may be pliable to bulk underground mining.
The company will now finish a trade-off study to understand what portion of the deposit might be mined in a lower strip ratio pit and what portion would best be mined in more selective bulk underground mining.
GoGold Resources Inc. (GGD) is down 3.16 per cent and is trading at $1.84 per share as of 11:58 a.m. EST.