Seven Diamon Drill Holes Completed At The El Orito In Los Ricos North Project
HALIFAX, NS - GoGold Resources Inc. announced the results of 7 diamond drill holes from the El Orito area in its Los Ricos North project. Hole LRGO-21-016 intersected 11.4m of 275 g/t silver equivalent (AgEq), which included 1.8m of 1,126 g/t AgEq, containing high values of zinc (18.9%) and lead (10.6%). The El Orito deposit is unique in the Los Ricos district as it is the deeper part of the system where silver and base metals are present, while the other targets in the system to date have shown only silver and gold.
"Our drilling at El Orito within Los Ricos North continues to yield exceptional results that we believe will strengthen the initial resource estimate to be released this year," said Brad Langille, President and CEO. "We continue to invest our free cash flows from Parral into the Los Ricos projects which we believe will create exceptional value for our shareholders."
The holes that the Company has drilled to date at El Orito have shown mineralization averaging 30m in width over 700m in strike length and 200m in vertical depth from surface, and is open in all directions. The El Orito deposit is located about 1,000 meters to the west along strike from the El Favor deposit. The Company's exploration team is mapping and sampling the area to determine the connection between the two deposits.
The known strike length of the El Orito – El Favor structure is now approaching 2,500 meters and is still open in both directions. The surface topography at El Orito is 400 to 500m lower compared to El Favor and is allowing the exploration team to see this large, mineralized structure over a vertical height of 750 meters when measured from the surface outcrops at El Favor to the intersections in the El Orito drill holes.