Wednesday, July 2, 2025

GoGold Hits 528.6 G/t Silver Equivalent Over 11.0 Meters At Los Ricos North

GoGold Resources (TSX: GGD) this morning released the first results from exploration program at the Salomon-Favor target at the Los Ricos North project, located in Mexico. Highlights from the assays released include 41.7 meters of 168.4 grams per tonne of silver equivalent over 41.7 metres, including 11.0 meters of 528.6 grams per tonne silver equivalent.

A total of five drill holes saw their data released this morning from the Salomon-Favor target. Four stacked zones of wide mineralization were found to start from the surface. The company expects the results to be utilized for an initial resource estimate for the Los Ricos North project, which is expected to be complete by the second quarter of 2021.

GoGold currently has six drill rigs in operation at Los Ricos North, with the exploration program having commenced back in June 2020. Drilling has been split between the Salomon-Favor target, where three rigs are currently continuing exploration, and the La Trini target where three rigs are operational.

Earlier this year, the company released its resource estimate for the Los Ricos South project, reporting measured and indicated mineral resources of 63.7 million ounces of silver equivalent, grading 199 g/t silver equivalent in 10.0 million tonnes..

Full results released this morning can be found below.

Hole IDAreaFrom (m)To (m)Length (m)Gold (g/t)Silver (g/t)Gold Equiv (g/t)Silver Equiv (g/t)
LRGS-20-001Salomon2.622.519.90.1852.40.8865.9
and45.055.410.40.1850.50.8563.8
and90.0110.320.30.1854.90.9168.6
and223.5237.514.00.24280.43.98298.2
including225.8230.95.00.51698.79.82736.6
LRGF-20-001El Favor15.056.741.70.36141.82.25168.4
including18.729.711.01.12444.47.05528.6
and131.3147.015.70.1448.10.7958.9
LRGF-20-002El Favor0.018.018.00.1664.21.0176.0
and29.771.041.30.0716.50.2921.9
including29.736.06.30.2040.20.7455.2
LRGF-20-003El Favor1.534.533.00.1368.21.0477.8
including32.534.52.00.37186.72.86214.3
LRGF-20-004El Favor0.015.815.80.2673.11.2392.6
including9.014.85.80.57151.52.59194.4
and323.070.541.10.2474.61.2492.7
including34.038.14.11.45418.97.04527.6

GoGold Resources last traded at $1.52 on the TSX.


Information for this briefing was found via Sedar and GoGold Resources. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Goliath Resources Expands 2025 Drill Program To 60,000 Metres

Related News

Canuc Resources Doubles Land Position At San Javier Ahead Of Drilling

Canuc Resources (TSXV: CDA) has acquired new claims at its flagship San Javier project, located...

Wednesday, January 27, 2021, 09:18:01 AM

GoGold Produces 2.3 Million Silver Equivalent Ounces In Fiscal Year 2021 At Parral Tailings Mine

GoGold Resources Inc. (TSX: GGD) reported this morning the production results for the fiscal year...

Wednesday, October 6, 2021, 09:35:00 AM

You Can’t Create Gold – The Daily Dive feat John-Mark Staude Of Riverside Resource

Today on the Daily Dive, we see the return of frequent guest John-Mark Staude, CEO...

Tuesday, January 12, 2021, 01:30:00 PM

$75 Silver Now More Likely Than $6,000 Gold? | Michael Williams – Aftermath Silver

Executive Chairman Michael Williams of Aftermath Silver Ltd. (TSXV: AAG) provides a comprehensive analysis of...

Sunday, May 25, 2025, 11:20:00 AM

London Silver Stocks Post Largest Monthly Decline Since 2016

Silver stocks in London vaults recorded their steepest monthly fall since records began in 2016,...

Saturday, March 8, 2025, 11:31:00 AM