GoGold Resources Intersects Silver At The Los Ricos North

HALIFAX, NS - GoGold Resources Inc. reported the assay results from an additional 6 holes drilled at the Company's La Trini silver-gold deposit  on the Los Ricos North project. Hole LRGT-20-004 was drilled on the La Trini deposit  and intersected a silicified and altered quartz rhyolite  unit from 7.3 to 36.7m for 29.4m of 254 g/t silver equivalent ("AgEq"), consisting of 122 g/t silver and 1.77 g/t gold.  The intersect included 8.8m of 670 g/t AgEq, which was made up of 286 g/t silver and 5.11 g/t gold.  

"At the La Trini target we've completed some short holes which have confirmed high grade silver and gold mineralization at surface.  We will focus the drilling program this fall to confirm and expand on historical drilling and rapidly move towards defining the mineral resource of this deposit through grid drilling," said Brad Langille, President and CEO.

Holes LRGT-20-005, LRGT-20-007, LRGT-20-008, LRGT-20-009 were all collared on the mineralization.  LRGT-20-005 intersected 28.4m of 183 g/t AgEq, consisting of 103 g/t silver and 1.07 g/t gold, including 11.4m of 332 g/t AgEq. Currently the Company has 3 drill rigs operating at Los Ricos North, with the initial focus on the La Trini, Mololoa and Solomon targets.

The Company's two exploration projects at its Los Ricos property are in Jalisco state, Mexico.  The Los Ricos South Project began in March 2019 and includes the 'Main' area, which is focused on drilling around a number of historical mines including El Abra, El Troce, San Juan, and Rascadero, as well as the Cerro Colorado, Las Lamas and East Vein targets.  An initial resource on the Los Ricos South project was announced in July and indicated a Measured & Indicated Mineral Resource of 63.7 million ounces AgEq grading 199 g/t AgEq contained in 10.0 million tonnes, and an Inferred Resource of 19.9 million ounces AgEq grading 190 g/t AgEq contained in 3.3 million tonnes. The Los Ricos North Project was launched in March 2020 and includes drilling at the Monte del Favor, Salomon, La Trini, and Mololoa targets.