Business
Golden Goose initiates a scoping study on its Magino gold project
MONTREAL, Sept. 2 /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, Sept. 2 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR)\n(the "Company") is pleased to announce that it has retained the services of\nindependent consulting firm InnovExplo Inc. of Val-d'Or, Quebec, to carry out\na NI 43-101-compliant Scoping Study for the Magino gold project near Wawa,\nOntario. Golden Goose intends to use the study as a basis for future\nexploration works with the objective to develop an underground operation with\nore trucked to regional mill for processing.\n\n\nThe study will be primarily based on the 43-101 resource estimate\nprepared by InnovExplo and released on May 29, 2009, which reported a measured\nand indicated resource of in excess of 453,000 ounces of gold at a grade of\n6.74 g/t and an inferred resource of 1,100,000 ounces of gold at a grade of\n6.29 g/t. This estimate was calculated using a cutoff grade of 3.0 g/t; using\na higher cutoff of 5.0 g/t results in a measured and indicated resource of\napproximately 345,000 ounces grading 8.90 g/t and an inferred resource of\napproximately 800,000 ounces grading 9.08 g/t.\n\n\nAssuming the economic analysis of the deposit is positive, the study will\nalso outline a proposed underground exploration program that includes mine\ndewatering and rehabilitation, drilling from the existing workings to increase\nresource quality and quantity, and bulk sampling to validate geological and\nmining parameters. The Company expects to receive the final study report by\nthe end of March 2010.\n\n\n"This study is another crucial step in the development of the Magino gold\nproject for Golden Goose," said Francois Perron, President and Chief Executive\nOfficer of Golden Goose. "It will enable us to determine the economic\nparameters of the project and efficiently plan the development of the\nunderground resources in order to optimize our future exploration and\ndevelopment efforts."\n\n\nABOUT GOLDEN GOOSE RESOURCES\n\n\nGolden Goose Resources Inc. is a Canadian public company listed on the\nTSX Venture Exchange under the symbol GGR. The Company is principally engaged\nin mineral exploration and acquisition and has a portfolio of gold, platinum\ngroup metal and nickel properties in Ontario and Quebec.\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of ...