Business
Golden Goose Resources Inc. intersects 17.5 metres grading 1.48% nickel at its Lac Levac Property and stakes 92 additional claims.
Golden Goose Resources Inc. intersects 17.5 metres grading 1.48% nickel at its Lac Levac Property and stakes 92 additional claims..
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL, April 20 /CNW Telbec/ - Golden Goose Resources Inc. (TSX\nVenture: GGR) is pleased to announce that it has encountered significant\nnickel mineralization in three holes at its Lac Levac nickel property, located\nin the James Bay region, 40 kilometres northeast of Nemiscau, Quebec,\nincluding an intercept of 17.5 metres grading 1.48% nickel along with\nsignificant copper, platinum and palladium mineralization. The interval widths\ngiven are the core lengths. The true widths of mineralized intervals have not\nyet been determined.\n\n\nThe results are as follows:\n\n-------------------------------------------------------------------------\nDrill From To Length Ni Cu Pt Pd\nHole (m) (m) (m) % % (g/t) (g/t)\n-------------------------------------------------------------------------\nTF-04-07 125.4 132.4 7.0 1.05 0.49 0.20 1.53\n-------------------------------------------------------------------------\nTF-05-07 187.0 190.0 3.0 1.36 0.52 0.44 1.03\n-------------------------------------------------------------------------\nAND 192.0 209.5 17.5 1.48 0.42 0.26 1.1\n-------------------------------------------------------------------------\nTF-07-07 106.7 108.7 2.0 1.17 0.28 0.23 0.94\n-------------------------------------------------------------------------\n\n\nThe drill holes 04 to 07 are separated by about 180m along the\ngeophysical anomaly.\n\n\nThe mineralized zones are composed of massive to disseminated sulphide in\nan ultramafic rock identified as a serpentinitized peridotite. The property\nhad not seen significant exploration since the mid 1980s when Muscocho Mines\ndrilled the property and in the 1960s when Inco conducted a drilling program\nwhich returned values as high as of 0.8% Ni, 0.5% Cu and 2g/t platinum group\nmetals over 16.2 metres.\n\n\nGolden Goose plans to continue drilling in the area throughout the spring\nmonths, with up to 8 additional holes on the property.\n\n\nTo secure its land position in the area, Golden Goose staked a further 92\nclaims covering 5,000 hectares, bringing its land position to well over 10,000\nhectares in the area.\n\n\nThe first three holes (TF-01-07, TF-02-07, and TF-03-07) were drilled on\nseparate anomalies on other parts of the property and encountered minor nickel\nmineralization.\n\n\nAnalyses were done by Accurassay Laboratories, Thunder Bay, Ontario. The\nLac Levac...