Business
Golden Goose hits 5.25 g/t of gold over 13.4 metres at its Magino gold property
MONTREAL, May 15 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") has rece...
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL, May 15 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR)\n(the "Company") has received the assay results for the two final holes of the\n10,608-metre infill drilling program on its wholly-owned Magino Mine property,\nlocated 1.5 km southwest of the Richmont/Patricia Island Gold Mine, near Wawa,\nOntario.\n\n\nHoles 07-29 and 07-30 are the last of seventeen holes drilled since the\nbeginning of 2007 (see press releases dated December 13, 2007 and April 8,\n2008 for the results of the other holes). Like the other holes, 07-29 and \n07-30 intersected numerous gold-bearing zones. The best results include\n6.18 g/t Au over 3.4 m in Hole 07-29, and 5.25 g/t Au over 13.4 m, 4.55 g/t Au\nover 6.4 m and 5.83 g/t Au over 5.2 m in Hole 07-30. Full results for the two\nholes are shown in the table below (true cut not yet determined).\n\n\nOriginally designed to test the multiple high-grade gold zones of the\nMagino Mine below the mine workings, the drilling program was so successful\nthat it was eventually extended to the entire granodiorite sill. Some\n40 separate mineralised zones have been identified to date, all still open at\ndepth and along strike. A map showing the best results to date can be seen on\nthe Company's website at:\n\n\nhttp://www.goldengooseres.com/pages/en/results_12_07\n\n\nThe latest results will be the last to be included in a new 43-101\nresource calculation now being carried out by Innovexplo, a consulting firm\nbased in Val-d'Or, Quebec. The last resource estimate was dated April 2004 and\nshowed a measured and indicated resource of 7.2 million tonnes grading\n2.33 g/t Au (or 586,000 ounces). The new estimate will be in addition to the\n2004 resource and is expected to be released shortly.\n\n\n Magino Mine Surface Drill Results - Holes 07-29 and 07-30\n\n-------------------------------------------------------------------------\n Hole no. From (m) To (m) Length (m) Au g/t\n-------------------------------------------------------------------------\n07-29 225 230.15 5.15 1.55\n including 225 226 1 2.38\n including 229.75 230.15 0.4 9.24\n and 238 239.5 1.5 4.03\n including 239 239.5 0.5 11.03\n and 286 288.62 2.62 1.57\n and 291 301.5 10.5 0.91\n including 291 292 1 3.60\n and 539 544 5 0.57\n and 599 601.3 2.3 1.61\n and 613 616.4 3.4 6.18\n including 614 615 1 19.57\n and 647 650 3...