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Golden Goose intersects new gold-bearing structures near its Magino deposit
Golden Goose intersects new gold-bearing structures near its Magino deposit
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\nFeb. 11, 2010 (Canada NewsWire Group) -- MONTREAL, Feb. 11 /CNW Telbec/ -- Golden Goose Resources Inc. (TSX-V: GGR) (the Company) is pleased to announce that it has received the first half of results of drilling on its Magino property near Wawa, Ontario. The first phase of the program consists of about 4,000 metres of diamond drilling, outside but near the current Magino resource envelope.Drilling was aimed at testing targets in the volcanic rocks, on the south eastern part of the property. Seven (7) mineralized structure with a strike length several hundreds of metres long were intercepted in the volcanic rocks at a depth of about 150 metres. These structures consist of mineralized alteration zones with associated quartz veins, indicating strong gold-bearing potential. The alteration zones are in the range from 1m to 12m (up to 10 m true width) in thickness.Hole 09-6 also returned a high-grade intercept in a granodiorite near the south contact with the volcanics, namely 4.73 g/t Au over 4.0 metres, including 16.92 g/t Au over 1.0 metre.The best results obtained in Holes 09-1 to 09-7 were as follows:-------------------------------------------------------------------------Hole From (m) To (m) Length (m) Gold (g/t)-------------------------------------------------------------------------09-1 85.00 87.00 2.00 1.74150.00 151.00 1.00 1.88-------------------------------------------------------------------------09-2 94.00 98.00 4.00 2.85113.00 116.00 3.00 1.13-------------------------------------------------------------------------09-3 20.00 32.00 12.00 1.39including 23.00 24.00 1.00 5.5342.00 45.00 3.00 2.99including 42.00 43.00 1.00 7.11153.00 155.00 2.00 4.41including 153.00 154.00 1.00 8.46187.00 188.00 1.00 1.28-------------------------------------------------------------------------09-6 18.00 22.00 4.00 4.73including 21.00 22.00 1.00 16.9298.00 100.00 2.00 4.73187.00 188.00 2.00 1.28-------------------------------------------------------------------------At the present time we estimate true width based on the -75 degree dip of the main zone. Current drilling dip varies from -45 to -50 degrees.A map showing the location of the drill holes and the mineralized structures as interpreted by Golden Goose is posted on the Company's website at www.goldengooseres.com or through the link http://www.goldengooseres.com/medias/docs/pdf...