GOGOLD RESOURCES INC ORD - GLGDF STOCK NEWS

GoGold Resources Inc. (OTCQX: GLGDF) announced positive drilling results from its El Favor East project within Los Ricos North. Notably, hole LRGF-21-099 intersected 1.4m of 1,703 g/t silver equivalent (AgEq) within 28.3m of 189 g/t AgEq. This follows an initial resource estimate released on December 7, 2021, based on 100,000 meters of drilling. The company plans to conduct an additional 100,000 meters in 2022, aiming to expand resources significantly.

The successful drilling results indicate strong mineralization and support a future resource update.

GoGold Resources (OTCQX: GLGDF) has announced promising results from 13 drill holes at its Mololoa site within the Los Ricos North project. Hole LRGM-21-077 reported an impressive 1.0 meter intersection of 6,675 g/t silver equivalent (AgEq) within a broader 36.3-meter segment averaging 489 g/t AgEq. These results follow previous mineral resource estimates and indicate a strong resource expansion potential. The company also began drilling at the Gran Cabrera zone, suggesting further exploration potential.

GoGold Resources reported production of 444,071 silver equivalent ounces for the quarter ending December 31, 2021, comprising 195,678 silver ounces, 2,558 gold ounces, and 123 tonnes of copper. The company is ramping up its drilling program at the Los Ricos projects, with anticipated production from Parral projected at 2 to 2.2 million silver equivalent ounces this year. The transition between zones in tailings deposits slightly impacted production, putting it below the annualized average.

GoGold Resources Inc. (TSX: GGD, OTCQX: GLGDF) released its 2022 outlook and reviewed 2021, noting significant milestones. The company doubled its resources with an initial Mineral Resource Estimate at Los Ricos North and released a Preliminary Economic Assessment (PEA) for Los Ricos South. In 2022, it plans an aggressive exploration program with 100,000 metres of drilling, updates to Mineral Resource Estimates, and a Pre-Feasibility Study. Strong cash flows from the Parral project position GoGold for value growth, targeting a net present value (NPV) of $295 million.

GoGold Resources (TSX: GGD, OTCQX: GLGDF) reported strong financial results for the year ending September 30, 2021, achieving record revenue of $53.2 million from the sale of 2.2 million silver equivalent ounces. The company generated $24.8 million in free cash flow from its Parral project, facilitating a 98% increase in market capitalization. Key highlights include an adjusted net income of $11.0 million, and a significant increase in drilling at Los Ricos, leading to a resource estimate of 87.8 million silver equivalent ounces.

GoGold Resources Inc. announced its Initial Mineral Resource Estimate for the Los Ricos North Project in Mexico, indicating an Indicated Mineral Resource of 87.8 million ounces silver equivalent (AgEq) grading 122 g/t AgEq across 22.3 million tonnes. The Inferred Mineral Resource stands at 73.2 million ounces AgEq grading 111 g/t AgEq from 20.5 million tonnes. The company plans an additional 100,000 metres of drilling in 2022 to expand resources. The effective date for these estimates is December 1, 2021.

GoGold Resources has announced positive initial metallurgical results for its Los Ricos North deposits including Casados, El Favor, La Trini, and El Orito. Conducted by SGS Lakefield, tests showed strong cyanide leachability with extraction rates of 86-96% for Casados, El Favor, and La Trini. The El Orito deposit demonstrated recovery of 86% for precious metals in flotation tests. The company plans further testing to optimize these processes as it approaches the release of an initial Mineral Resource Estimate.

GoGold Resources announced significant drill results from its Los Ricos North project, including hole LRGF-21-095, which intersected 1,523 g/t AgEq over 0.7m within 13.3m of 139 g/t AgEq. The results support the ongoing expansion of the El Favor East target as the company approaches a key data cut-off for its initial mineral resource estimate, expected soon. Continuing drilling efforts budgeted for 100,000 meters in 2022 aim to explore further potential areas. The Los Ricos South Project previously indicated a Measured & Indicated Resource of 63.7 million ounces AgEq.

GoGold Resources Inc. (TSX: GGD, OTCQX: GLGDF) has announced the drilling results from its Mololoa and El Nayar targets within Los Ricos North. Key highlights include Hole LRGM-21-030 intersecting 1,975 g/t AgEq over 0.6m, and Hole LRGNY-21-002 yielding 1,976 g/t AgEq over 0.7m. The company is progressing on an initial mineral resource estimate following 100,000 metres of drilling and intends to drill an additional 100,000 metres through 2022. These results enhance the exploration potential and validate ongoing drilling success in the region.