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Golden Goose reports substantial increase in gold resources at its Magino Mine
453,000 ounces measured and indicated, 1.178 million ounces inferred, to depth of 500 metres MONT...
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\n453,000 ounces measured and indicated, 1.178 million ounces inferred, to\n\n\ndepth of 500 metres\n\n\nMONTREAL, April 30 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V:\nGGR) is pleased to report a substantial increase in estimated gold resources\nat its wholly-owned Magino property near Wawa, Ontario. A new estimate\nprepared in compliance with National Instrument 43-101 - Standards of\nDisclosure for Mineral Projects shows the following results:\n\n\n Magino Mineral Resources Estimate\n at a cut-off grade of 3.0 g/t Au\n-------------------------------------------------------------------------\n Grade\nCategory Tonnes (g/t Au) Ounces\n-------------------------------------------------------------------------\nMeasured resource 222,900 5.97 42,749\n-------------------------------------------------------------------------\nIndicated resource 1,869,000 6.83 410,440\n-------------------------------------------------------------------------\nTotal Measured and\n Indicated resources 2,091,900 6.74 453,189\n-------------------------------------------------------------------------\nInferred resources 5,828,800 6.29 1,178,124\n-------------------------------------------------------------------------\n\n\nA report prepared by Innovexplo, an independent mining and exploration\nconsulting firm based in Val-d'Or, Quebec, estimates a measured and indicated\nresource of 2,091,900 tonnes grading 6.74 grams gold per tonne containing\n453,189 ounces of gold, at a cut-off grade of 3.0 grams gold per tonne. The\nreport also estimates an additional inferred resource of 5,828,800 tonnes\ngrading 6.29 grams gold per tonne and containing 1,178,124 ounces, at the same\ncut-off grade. At an increased cut-off grade of 5.0 grams gold per tonne, the\nreport says, the measured and indicated resource are 1,200,300 tonnes grading\n8.90 grams gold per tonne and containing 343,333 ounces. The additional\ninferred resource at the 5.0 grams per tonne cut-off grade is 2,736,800 tonnes\ngrading 9.08 grams gold per tonne and containing 799,723 ounces.\n\n\nThese resources lie between surface and a depth of 500 metres along a\nstrike length of 1.2 kilometres, in proximity to the old Magino mine workings.\nIn addition to the data used in the last resource estimate dated May 2008,\nthis comprehensive estimate includes the recompilation of all the historic\nd...