Business
Geophysical survey identifies new lateral extension of 400 metres at Lac Levac nickel property
MONTREAL, Nov. 30 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is plea...
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL, Nov. 30 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR)\n(the "Company") is pleased to report that an InfiniTEM ground geophysics\nsurvey, on its wholly-owned Lac Levac nickel property, has detected a large,\nconductive anomaly indicating that the known mineralization on the property\nprobably extends to the East for a minimum of an additional 400 metres. The\nLac Levac property lies in the James Bay area, 260 km north of Chibougamau in\nNorthern Quebec.\n\n\nThe survey was conducted over two grids, a West grid over the NISK-1(x)\nanomaly, and another one towards the East, a few hundred metres from the first\ngrid. A total of 20.8 line-km were surveyed during the month of October 2007\nby a team from Abitibi Geophysique Inc.\n\n\nOn the West grid, a large, conductive anomaly was detected between lines\n0+00E and 10+00E for a total length of 1 km. This anomaly, NISK-1(x),\ncorresponds to the 444 metres area drilled by GGR last spring, (historically\nnamed INCO anomaly) which led to our 43-101 resource estimate, produced last\nsummer and its extension to the East, which corresponds to a new conductive\nzone of more than 400 additional metres in length.\n\n\nA program of 6,000 metres of definition drilling is presently being\ncarried out on the NISK-1(x) anomaly to follow up on a 2,500 metre program\ncompleted in 2006. The anomaly has been drilled over a total East-West axis\ndistance of 440 metres to date, between lines 1+00E and 6+00E, and to a\nvertical depth of 200 metres. The zone remains open at depth and to the East.\nThe data generated by drilling will be used to update the NI 43-101-compliant\nevaluation report and resource estimate dated July 2007.\n\n\n"While ground geophysics have been conducted on this area before, this is\nthe first time we have done an InfiniTEM survey," said Jean-Marc Lacoste,\nPresident of Golden Goose. "The NISK-1(x) anomaly appears very clearly on the\nmap, extending further to the East than we previously realized. We intend to\nmove the two drills East to begin testing this new area as soon as the current\nprogram is completed. Depending on the results of drilling, we may also\nperform extensions of the InfiniTEM survey to complete coverage of the\nanomaly." The Company is also considering drilling additional holes to test\nanother anomaly ...