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14,000 meter drill program launched at Magino gold property
14,000 meter drill program launched at Magino gold property.
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\n\nMONTREAL, Nov. 27 /CNW Telbec/ - (TSX-Venture: GGR, Frankfurt exchange:\nGGO.). Golden Goose Resources Inc. (the \"Company\") is pleased to announce that\na new 14,000 meter drill campaign has started at the Magino property near\nWawa, Ontario.\nThe Magino deposit has an estimated measured and indicated resource of\n7,295,000 tons with an average grade of 0.075 oz gold per ton (cut-off grade\n0.04opt), or 547,000 ozs of contained gold. from surface to 200 meters depth\nin a 43-101 reported by Snowden Mining Industry Consultants Inc and filed on\nSEDAR in April 6th 2004.\nIn the previous 2006 drilling campaign the gold occurred in a robust\nmineralized system and demonstrated the down-dip continuity of the\nmineralization, which remains open and untested at depth and along strike. The\ndrilling earlier this year discovered and expanded multiple high-grade zones\nof gold mineralization from 150 to 400 m below surface, under the historical\nMagino Mine workings.\nThe target of the current drilling program is to increase the measured\nand indicated resources to the point where a prefeasibility study on\nrestarting the Magino Mine can be undertaken. The Magino Mine reported\n105,543 ounces of production in the period from 1988-1992.\nThe current drill program was designed by InnovExplo Inc. to continue\nexploration of the mineralized zones below the historical workings and to\nprovide sufficient infill drilling to recalculate an upgraded resource to\napproximately 400 meters depth. Work will be supervised by Gilles Provost, a\nprofessional geologist and Qualified Person under NI 43-101 regulations.\n\nGolden Goose Resources Inc. is a Canadian mining company engaged in the\nacquisition, exploration and development of resource properties.\n\n\n","length":1817,"tagName":"div"}]