Business
Goldgroup Continues to Cut Significant Intercepts of Oxide Gold at Caballo Blanco, Mexico
Jun. 28, 2011 (Canada NewsWire Group) -- DDH 11 CBN 104: 50.00 m @ 0.96 g/t Au DDH 11 CBN...
About this update from Goldgroup Mining Inc.
[{"type":"text","content":"\n\n\n Jun. 28, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nDDH 11 CBN 104: 50.00 m @ 0.96 g/t Au\nDDH 11 CBN 101: 65.96 m @ 0.85 g/t Au \nDDH 11 CBN 91: 74.35 m @ 0.60 g/t Au \n\n\n  TSX: GGA \n\n\nVANCOUVER, June 28, 2011 /CNW/ - Goldgroup Mining Inc. ("Goldgroup" or\n the "Company") is pleased to announce that additional diamond drill\n holes at its Caballo Blanco gold project in Veracruz, Mexico have\n yielded significant gold intercepts, extending the La Paila oxide gold\n zone to the southeast and southwest. All the drill holes reported below\n (see Tables 1 and 2) are exploration holes. Drilling remains ongoing to\n define and to expand the eastern, southern and southwestern flanks of\n the La Paila gold zone as the zone currently remains open in these\n directions.\n\n\nKeith Piggott, President and CEO of Goldgroup, stated: "These diamond\n drill results yielded gold intercepts contained in completely oxidized,\n vuggy and siliceous rock occurring inside and peripheral to the\n existing La Paila zone. They are similar in grade to the current NI\n 43-101 estimated mineral resource and continue to give better\n definition to allow the design of the first open pit. The current\n drilling program, together with the on-going column-leach metallurgical\n testing, environmental and sociological studies as well as the run of\n mine heap-leach pad design, form the basis for targeting to\n bring Caballo Blanco i...