Drilling At t La Trini In Los Ricos North

HALIFAX, NS - GoGold Resources Inc. reported additional assay results from the Company's La Trini deposit  on  the Los Ricos North property, including 3.4m of 2,765 g/t silver equivalent (AgEq) from hole LRGT-20-070. Hole LRGT-20-070 intersected 61.4m of 204 g/t AgEq from 55.6 to 117.0m, consisting of 124 g/t Ag and 1.06 g/t Au in silicified and altered quartz rhyolite units included a high-grade intercept of 3.4m of 2,765 g/t AgEq, consisting of 1,694 g/t silver and 14.28 g/t gold.

"We're pleased with the continued strong results from La Trini and the drilling program has allowed us to define the controls on the high-grade mineralization at La Trini.  Our next series of holes will be focused on following the high-grade mineralization to the northwest and expand the current limits of the deposit," said Brad Langille, President and CEO.  "This year, our exploration teams have visited and identified over 100 targets that have never been drilled on the Los Ricos North properties.  The La Trini and the El Favor deposits were the first two selected for drilling this year and are delivering excellent results.  We have identified another eight targets for drill testing next year and GoGold will be carrying out one of the largest drilling programs in Mexico during 2021 to unlock the huge potential of the Los Ricos district."

Hole LRGT-20-074 intersected 33.0m of 162 g/t AgEq from 105.2 to 138.2m, consisting of 68 g/t silver and 1.24 g/t gold, which included 6.0m of 589 g/t AgEq, made up of 218 g/t Ag and 4.94 g/t Au. Hole LRGT-20-068 intercepted mineralization from 74.0 to 103.5m for 29.5m of 143 g/t AgEq, consisting of 91 g/t silver and 0.69 g/t gold, including an intercept of 6.3m of 519 g/t AgEq, made up of 320 g/t Ag and 2.66 g/t Au.

Currently the Company has 6 drill rigs operating at Los Ricos North, with 2 operating at the La Trini deposit, 3 drilling at the El Favor zone, and 1 drilling at El Orito.  

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 on July 29, 2020 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.