GoGold Intersects 6.1 Metres Of 525.7 G/T Silver Equivalent At Los Ricos North

GoGold Resources Inc. (TSX: GGD) reported this morning the initial results from the newly-drilled Mololoa deposit at the Los Ricos North project. The results, coming from 25 holes, included hitting 1,956.3 g/t silver equivalent over 1.0 metre within a larger interval of 525.7 g/t silver equivalent over 6.1 metres.

“These are the first holes drilled at Mololoa which show a vein structure with high grades of silver and gold that we believe will add additional ounces and grade to the upcoming initial resource at Los Ricos North,” said GoGold CEO Brad Langille.

Highlight intersections from the results include:

  • LRGM-21-006: 525.7 g/t silver equivalent (0.95 g/t gold, 454.7 g/t silver) over 6.1 metres, including
    • 1,956.3 g/t silver equivalent (3.95 g/t gold, 1,660.0 g/t silver) over 6.1 metres
  • LRGM-21-008: 338.5 g/t silver equivalent (0.83 g/t gold, 276.3 g/t silver) over 11.0 metres, including
    • 1,452.3 g/t silver equivalent (3.95 g/t gold, 1,180.0 g/t silver) over 0.6 metres
  • LRGM-21-017: 322.9 g/t silver equivalent (0.79 g/t gold, 263.8 g/t silver) over 4.0 metres, including
    • 1,355.3 g/t silver equivalent (3.67 g/t gold, 1,080.0 g/t silver) over 0.7 metres

The company launched the Los Ricos North project in March 2020 and has identified over 100 targets on the property during 2020. The firm has planned to drill 10 of these targets as part of its 2021 drill program.

In June 2021, the mining firm reported assay results from the Casados deposit in the property, highlighting an intersect of 1,213 g/t silver equivalent over 1.9 metres within 164.4 g/t silver equivalent over 33.6 metres.

GoGold Resources Inc. last traded at $2.83 on the TSX.


Information for this briefing was found via Sedar and the companies mentioned. 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

Is Gold’s Bull Market About to Hit Junior Stocks? | Ken Armstrong – Westhaven Gold

Surge Battery Metals: The Nevada North Lithium PEA

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

GoGold Hits 17.2 Metres of 186 G/T Silver Equivalent At Los Ricos North

GoGold Resources (TSX: GGD) released additional assay results from its ongoing drill program at the...

Wednesday, November 4, 2020, 08:02:38 AM

BMO Cuts GoGold’s Price Target Due To Market Headwinds

On July 13, GoGold Resources (TSX: GGD) announced their second quarter production results. The company...

Friday, July 15, 2022, 11:51:00 AM

GoGold Reports Resource of 63.7 Million Ounces Silver Equivalent At Los Ricos South

GoGold Resources (TSX: GGD) this morning announced their initial mineral resource estimate for the Los...

Wednesday, July 29, 2020, 09:01:02 AM

GoGold Hits 15.3 Metres of 174 G/T Silver Equivalent At Los Ricos North

GoGold Resources (TSX: GGD) this morning released further drill results from its Los Ricos North...

Wednesday, January 6, 2021, 08:49:05 AM

GoGold Reports US$355 Million After-Tax Net Present Value For Los Ricos South In Feasibility Study

GoGold Resources (TSX: GGD) has released a feasibility study for its Los Ricos South Project...

Thursday, January 16, 2025, 08:20:19 AM