GoGold Drills 2,835 g/t AgEq over 0.8m on New Vein at Casados in Los Ricos North

Rhea-AI Summary

GoGold Resources Inc. reported promising results from 9 new drill holes at the Casados deposit in the Los Ricos North project. Notably, drill hole LRGSC-21-038 achieved an impressive 830 g/t silver equivalent over 2.6m, including a peak interval of 2,835 g/t AgEq over 0.8m. This discovery highlights the potential for further exploration in the Casados North zone, with a maiden resource estimate expected later this year, which could positively impact the company's prospects and valuation.

Positive

• Drill hole LRGSC-21-038 revealed 830 g/t silver equivalent over 2.6m, showcasing high-grade mineralization.
• Discovery of multiple kilos of silver equivalent may enhance the upcoming maiden resource estimate for Los Ricos North.

Negative

• None.

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Trading Symbols: TSX: GGD
OTCQX: GLGDF

HALIFAX, NS, May 26, 2021 /PRNewswire/ - GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF) ("GoGold", "the Company") is pleased to release the results of 9 new drill holes from the Casados deposit in the Los Ricos North project.  GoGold's geological mapping program has located a series of historical workings along NNW trending veins that splay off the main Casados Vein along a horsetail structure (see Figure 4 for a plan view map and Figure 5 for a sampling map).  Drill hole LRGSC-21-038 intersected a vein in the Casados North zone close to surface and averaged 830 g/t silver equivalent ("AgEq") over 2.6m and includes a 0.8m interval of 2,835 g/t AgEq.  See Table 1 for breakdown of silver and gold values.

"Mapping on the Casados North zone has paid off with the intercept of multiple kilos in hole 38," said Brad Langille, President and CEO.  "We will continue to explore the Casados North zone as new discoveries like this will be favourable for our upcoming Los Ricos North maiden resource to be released later this year."

Table 1:  Drill Hole Intersections

Hole ID	Area	From	To	Length1	Au	Ag	AuEq2	AgEq2
		(m)	(m)	(m)	(g/t)	(g/t)	(g/t)	(g/t)
LRGCS-21-027	Casados Vein 1	124.0	153.9	29.9	0.25	70.5	1.19	89.5
	including	124.0	137.1	13.1	0.44	121.4	2.06	154.2
	Casados Vein 2	170.0	185.5	15.5	0.27	67.5	1.17	87.9
	including	176.2	182.5	6.3	0.55	118.0	2.12	159.2
LRGCS-21-029	Casados Vein Multi

FAQ

What were the drilling results for GLGDF on May 26, 2021?

Drill hole LRGSC-21-038 reported 830 g/t silver equivalent over 2.6 meters, including a peak of 2,835 g/t.

What is the significance of the Casados North zone for GoGold Resources?

The Casados North zone's mineralization may contribute to a favorable maiden resource estimate due later this year.

What trading symbols are associated with GoGold Resources?

GoGold Resources is traded under TSX: GGD and OTCQX: GLGDF.

When was the latest press release from GoGold Resources?

The latest press release was issued on May 26, 2021.