Drilling At Casados In Los Ricos North

HALIFAX, NS - GoGold Resources Inc. reported on new drill holes from the Casados deposit in the Los Ricos North project.  Drill hole LRGCS-21-043 intersected 1,213 g/t silver equivalent (AgEq) over 1.9m within 33.6m of 164 g/t AgEq.  

The Company has commenced drilling on the El Nayar target with two drill rigs.  The objective of the drill program over the coming months is to confirm the strong results of the mapping and sampling program and establish the geometry and widths of the mineralized zones.  

"The zone at Casados continues to show some high grade intercepts included within wider zones of potentially bulk mineable grades," said Brad Langille, President and CEO.  "We believe that our drilling in Los Ricos North not only will define a significant resource, but with exploration at Casados North and the initiation of the drilling program at El Nayar, we look forward to additional exciting discoveries."

The Casados Veins strike nearly E-W, dips 45o to the north and is hosted in andesitic tuffs and is exposed on surface for about 400 meters along strike.  In the 7 meters of old stope that is above the water level at the Casados mine, the vein shows as a zone of quartz stringers about a meter wide, but at other places it is more than 2 meters wide.  A zone of silicification up to 50 meters wide envelopes the vein and this resistant outcrop forms a steep ridge along the strike of the vein, particularly on the north or hanging wall side.

Casados North - GoGold's geological mapping program has located a series of historical workings along NNW trending veins that splay off the main Casados Vein along a horsetail structure.

A series of low sulphidation epithermal quartz veins have been mapped over an area of 800m x 400m extending on a NNW trend from the area of the Casados mine.  The veins are exposed in a dozen historical shallow workings and chip sampling has returned high silver and gold values.  Drill hole LRGCS-21-038, targeted to test below the Casados mine workings, intersected one of these new veins close to surface.