Business
Golden Goose Resources Inc. intersects new 1.07% nickel over 4.0 metres at its Lac Levac Property
Golden Goose Resources Inc. intersects new 1.07% nickel over 4.0 metres at its Lac Levac Property.
About this update from Golden Goose Resources Corp.
[{"type":"text","content":"\n\n\n\nMONTREAL, May 4 /CNW Telbec/ - Golden Goose Resources Inc. (TSX Venture:\nGGR) is pleased to announce that it has intersected new sections of\nsignificant nickel mineralization in drilling at its Lac Levac nickel\nproperty, located in the James Bay region, 40 kilometres northeast of\nNemiscau, Quebec. The four holes reported below define a strike length in\nexcess of 270 metres coincident with the geophysical anomaly. Intersections\ninclude a 4 metre interval grading 1.07% nickel with values in copper,\nplatinum and palladium as well. All intervals reported below are core lengths.\nThe true widths have not yet been determined.\n\n\nThe results are as follows (italicized holes were previously reported):\n\n-------------------------------------------------------------------------\nDrill From (m) To (m) Length Ni % Cu % Pt Pd\nHole (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-------------------------------------------------------------------------\nTF-06-07 154.5 156.0 1.5 1.08 0.35 0.09 0.79\n-------------------------------------------------------------------------\nTF-08-07 129.0 133.0 4.0 1.07 0.31 0.04 0.76\n-------------------------------------------------------------------------\nAND 118.0 121.0 3.0 0.63 0.11 0.08 0.25\n-------------------------------------------------------------------------\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 completed drilling in the area and is waiting for more\nresults in the coming weeks. RSW Inc. has been retained to make a 43-101\nresource estimate report for ...