Excellent Results At The Los Ricos South Main And Eagle Areas

HALIFAX, NS - GoGold Resources Inc. reported on additional drilling at the Main Deposit within Los Ricos South as well as from the newly acquired Eagle concession, which contains the northern strike extension of the Main Deposit on the Los Ricos South property. Highlights of the Main Deposit drilling include hole LRGG-22-218, which intercepted 7,093 g/t silver equivalent (AgEq) over 0.9m, contained within 4.8m of 2,558 g/t AgEq within a wider intercept of 15.0m of 828 g/t AgEq.  

"Drilling continues to expand the size of the newly acquired Eagle zone and continues to confirm high grade wide intercepts in the Main deposit," said Brad Langille, President and CEO. "These results further confirm that both the Main zone and the Eagle are developing into bulk mineable high grade deposits which should significantly increase the value of Los Ricos South."

The Eagle concession adjoins the Main Deposit where the Los Ricos South PEA is contained. This represents an extension to this previously defined Mineral Resource Estimate at Los Ricos South. The concession covers 1,107 hectares, including the area between the Main Deposit and the Company's Jamaica concession located 3km to the northwest, where the Company holds the rights to additional concessions. Due diligence drilling has returned the highest grade intercepts to date in the district. These wide high grade intercepts are consistent with geophysical targets on the new concession.

The Eagle concession connects the Company's concessions held in the southern portion of its Los Ricos South project, including the Main area where the Initial Resource was released, to its northern concessions in Los Ricos South, which includes the Jamaica exploration target. As a result, all of the concessions in Los Ricos South are now contiguous.