PriceSensitive

Golden Tag (TSXV:GOG) intersects high-grade AgEq in Mexico

Mining
TSXV:GOG
15 July 2021 16:45 (EDT)

Golden Tag (GOG) has intersected 257.67 g/t AgEq over 16.34 m and extended mineralization at the San Diego Project in Mexico.

The result stems from diamond drill hole 21-58, part of a program targeting bulk-tonnage mineralization on the project, which intersected 111 g/t AgEq over 191.57 m within the Fernandez Zone.

Other key intersections include 140.33 g/t AgEq over 1.25 m, 180.13 g/t AgEq over 1.96 m and the high-grade skarn zone of 306.09 g/t AgEq over 6.55 m.

Hole 21-58 represents a 34 per cent improvement in grades over the nearest intercept within hole 12-48, implying Fernandez’s western section could potentially host higher grades.

The company will design future drilling to extend grade improvement to the west and at depth below hole 21-58.

Greg McKenzie, President and CEO of Golden Tag, commented,

“The discovery of high-grade skarn mineralization over sizable widths, commencing only 150 m from surface, is an important advancement in the project. These newly discovered high-grade mineralized zones reside only 185 m above the Fernandez Zone and could potentially be accessed through conceptual shared development.”

Golden Tag Resources is a mineral resource exploration company that primarily does business in Mexico.

Golden Tag (GOG) closed up by 10.53 per cent trading at $0.315 per share.

Related News