Goldgroup Hits the Highest Grade Hole To-Date at Caballo Blanco 3.47 g/t Gold Over 48.50 Metres

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[{"type":"text","content":"\n\n\n Apr. 7, 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\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS\n NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR\n DISSEMINATION IN THE UNITED STATES/ \n\n\nTSX: GGA    \n\n\nVANCOUVER, April 7 /CNW/ - Goldgroup Mining Inc. ("Goldgroup" or the\n "Company"), is pleased to announce that the current drilling program at\n its Caballo Blanco gold project in Veracruz, Mexico has encountered\n gold mineralization yielding 3.47 g/t Au over 48.50 metres (Hole 10 CBN\n 73). The 500 km² Caballo Blanco property hosts multiple mineralized\n zones comprising numerous geological targets.\n\n\nKeith Piggott, President and CEO of Goldgroup, stated: "I am very\n excited by these results as this latest drill hole demonstrates that\n the mineralization at the La Paila zone extends strongly in a southerly\n direction. As a result, Goldgroup has decided to expand its 30,000\n metre drill program at Caballo Blanco by increasing to five diamond\n drills."\n\n\n\n\n\n\n\n \n\n\n\n\nLA PAILA ZONE\n\n\n\n\nDrill Hole\n\n\nMineralization\n\n\n\n\n \n\n\nFrom (m)\n\n\nTo (m)\n\n\nInterval (m)\n\n\nAu grade (g/t)\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n10 CBN 73\n\n\n130.00\n\n\n178.50\n\n\n48.50\n\n\n3.47\n\n\n\n\nThe hole presented above intersected mineralization well in excess of\n the 0.2 g/t Au cut-off grade use...

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