GoGold Intersects 43.0 Metres Of 322.7 G/T Silver Equivalent At New Discovery

GoGold Resources (TSX: GGD) this morning released drill results from the first drilling conducted on its new discovery at the Los Ricos North project. Referred to as El Orito, highlights from the new discovery include 43.0 metres of 322.7 g/t silver equivalent within hole LRGO-20-005.

A total of six holes were released this morning, with all holes said to have intersected significant zones of epithermal silver, gold, and base metals. The highlight hole itself intersected 49.0 g/t silver, 0.05 g/t gold, 0.45% copper, 2.99% lead and 4.69 zinc over 43.0 metres. Another highlight hole, LRGO-20-002, meanwhile intersected 63.4 metres of 171.0 g/t silver equivalent.

El Orito is located 1.2 kilometers from the firms El Favor deposit, with these drill results marking the first drilling that has been conducted on this area of the property. The deposit reportedly extends to the west for 1,000 metres. Mineralization was first discovered here last fall, when a team mapping the property discovered several silver and gold bearing quartz veins within a 50 metre by 750 metre zone.

Hole IDFromToLength1AgAuCuPbZnAgEq2
(m)(m)(m)(g/t)(g/t)(%)(%)(%)(g/t)
LRGO-20-001158.5189.631.134.60.110.030.610.0862.6
166.5171.14.6108.50.560.051.790.02199.2
LRGO-20-002150.0216.063.475.80.060.163.000.14171.0
152.0175.023.0169.70.100.297.460.07384.4
153.8159.15.3267.00.230.2211.470.07578.6
164.3171.06.7320.10.110.1514.370.08685.9
LRGO-20-003206.4268.962.612.70.020.080.652.12107.4
207.3224.016.828.40.040.212.043.12203.5
216.8224.07.251.30.060.144.493.06277.3
LRGO-20-004213.1264.351.215.90.040.070.642.07110.0
216.4226.910.535.50.090.160.822.08146.4
251.6256.54.941.20.150.181.562.91203.6
LRGO-20-005177.8225.543.049.00.050.452.984.69322.7
196.1210.414.384.70.110.834.787.57537.8
LRGO-20-006137.5155.017.635.30.050.100.881.12106.7
151.1155.03.974.60.080.111.262.47203.0

The company did not indicate whether further drilling is to occur at this target. However, it did indicate that the discover was part of a 100,000 metre drill campaign focused on ten new targets across the Los Ricos North property.

GoGold Resources last traded at $2.53 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.

One Response

  1. Looks like a lead-zinc mine – with silver credits.. not the other way around. They probably should be reporting Zinc Equivalent…

Video Articles

200 Grams of Gold And 21% Copper — That’s Not Normal | Matt Wilson – Sterling Metals

Silver at $100? This Time It Might Stay There. | David Morgan

Critical Minerals Are Rerating! | John Passalacqua – First Phosphate

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Silvercorp Metals: Canaccord Genuity Initiates Coverage With C$12 Price Target

This morning, Canaccord Genuity’s analyst Dalton Baretto initiated coverage on Silvercorp Metals (TSX: SVM) (NYSE:...

Monday, September 14, 2020, 11:58:00 AM

Canada Silver Cobalt Works Has Major Silver Discovery in Northern Ontario

Canada Silver Cobalt Works Inc. (TSXV: CCW) has announced numerous positive assay results which confirm...

Sunday, February 7, 2021, 09:00:00 AM

Vizsla Silver Board Gives OK For Vizsla Copper Corp Spinout

Vizsla Silver Corp. (TSXV: VZLA) announced this morning that its board has approved the spinout...

Tuesday, April 20, 2021, 08:11:12 AM

Mining Ultra High-Grade Silver at Very Low Costs | MAG Silver – George Paspalas

In this interview, George Paspalas, President and CEO of MAG Silver Corp. (TSX/NYSE: MAG), provides...

Tuesday, November 26, 2024, 12:29:00 PM

Canuc Resources Samples 2,859 G/T Silver In Sierra Madre Belt

Canuc Resources (TSXV: CDA) this morning announced preliminary results from its ongoing work program at...

Tuesday, September 22, 2020, 09:07:24 AM