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Golden Goose Reports Multiple Gold Intersections From Magino Drill Program
Golden Goose Reports Multiple Gold Intersections From Magino Drill Program.
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL, July 31 /CNW Telbec/ - Golden Goose Resources Inc.\n(TSX Venture: GGR) is pleased to announce that multiple zones of gold\nmineralization have been intersected by drilling in both the granodiorite\nhosted quartz vein system and in the newly discovered Quartz Feldspar Porphyry\n(QFP) hosted zone at the Magino gold property, located near Wawa, Ontario. A\ntotal of 5,173 meters has been completed from a planned 14,000 m drill\nprogram.\n\n\nGold mineralization in both host rocks is associated with multiple quartz\nveins in sub vertical shear zones that appear to exhibit continuity at depth.\nEach zone is described as follows:\n\n\nThe Granodiorite Stock\n\n\nThe drill intersected multiple gold veins varying from 1 to 10 meters\nwide with grades from 3g/t to 60 grams per tonne (g/t). The deepest\nintersection in the granodiorite stock is 350 vertical meters. All holes\nintersected gold mineralization and each is open at depth. Results are\nsufficiently encouraging that the program, which was initially designed to\ntest down dip to 300 vertical meters, has been extended to trace the system to\n450 meters depth. Furthermore, the granodiorite stock enlarges with depth,\nincreasing the scope to discover new gold bearing shear zones. One hole, which\nwas drilled through the granodiorite into adjacent rocks, resulted in the new\ndiscovery of gold mineralization in QFP (previously reported on March 8th\n2007).\n\n\nThe QFP Zone\n\n\nThree holes (18, 20 and 22) deepened through the west side of the\ngranodiorite extended the QFP zone by 100 meters from the original discovery\npreviously reported in hole 19A. Gold is associated with a quartz vein system\nand shearing, probably related to the same process that produced the gold in\nthe granodiorite. Gold mineralization in the QFP remains open for a\nsignificant distance up dip as well as to the west and at depth.\n\n\nThe gold zone results, from holes 18 to 22, in the granodiorite and QFP\nzones are presented in the following table ("true width" not yet determined):\n\n\nDrill hole from (m) to (m) length (m) gold (g/t)\n\n-------------------------------------------------------------------\n07-18 (x) 622.30 624.50 2.20 22.31\n Including: 623.30 624.00 0.70 64.88\n\n QFP And: 733.20 734.00 0.80 6.80\n QFP And: 760.65 763.00 2.35 3.98\n Including: 760.65 761.50 0.85 9...