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Golden Goose Resources Inc. - Geophysical anomalies at Lac Levac Ni-Cu-PGM Property, Northern Quebec - 14,000 meter Drill program to start at Magino gold property
Golden Goose Resources Inc. - Geophysical anomalies at Lac Levac Ni-Cu-PGM Property, Northern Quebec - 14,000 meter Drill program to start at Magino gold property.
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\n\nMONTREAL, Nov. 1 /CNW Telbec/ - (TSX-V: GGR). Golden Goose Resources Inc.\n(the \"Company\") announces that it has completed an airborne magnetic and\nelectromagnetic survey using Aeroquest on the Lac Levac nickel-copper-PGM\nproperty, near Nemiscau in northern Quebec. A detailed analysis of the\ngeophysical data has been completed by Abitibi Geophysics Inc. Abitibi reports\n4 high priority anomalies on the 5,500 Hectare property. Previous drilling in\nthe area by INCO in the 1960's intersected significant nickel-copper-PGM\nmineralization associated with ultramafic intrusive rocks, including 16.2m of\n0.8%Ni, 0.5% Cu and 2g/t PGM. Detailed ground geophysical follow up will be\ncarried on the property in November. Priority anomalies will be drill tested\nin Q1 of 2007.\nThe Company is also pleased to announce that a drilling contract has been\nawarded to continue the campaign at the Magino property near Wawa, Ontario.\nGolden Goose drilled fifteen holes totalling 6,670 m on the Magino property\nearlier in 2006. Results were the subject of a press release dated August 1st\n2006. The drilling discovered and expanded multiple high-grade zones of gold\nmineralization from 150 to 400 m below surface, under the historical Magino\nMine workings. The 2006 drilling successfully identified a robust mineralized\nsystem and demonstrated the down-dip continuity of the mineralization, which\nremains open at depth and along strike. The Magino deposit has an estimated\nmeasured and indicated resource of 500,000 ozs of gold with an average grade\nof 0.075 oz/T from surface to 200 meters depth in a 43-101 report prepared by\nSnowden Mining Industry Consultants Inc and filed on SEDAR in April 2004. The\nMagino Mine operated from 1988 to 1992 when it produced 105,543 ounces of gold\nfrom high grade veins at depths of 125 m to 200 m below surface.\nThe next stage of drilling is planned to total 14,000 meters and will\nstart in November 2006. The drill program was designed by InnovExplo Inc. to\ncontinue exploration of the mineralized zones below the historical workings\nand to provide sufficient infill drilling to recalculate an upgraded resource\nto approximately 400 meters depth.\n\nGolden Goose Resources Inc. is a Canadian mining company engaged in the\nacquisition, exploration and development of resource properties.\n\n\n\n\n","length"...