MONTREAL, Nov. 27 /CNW Telbec/ - (TSX-Venture: GGR, Frankfurt exchange: GGO.). Golden Goose Resources Inc. (the "Company") is pleased to announce that a new 14,000 meter drill campaign has started at the Magino property near Wawa, Ontario. The Magino deposit has an estimated measured and indicated resource of 7,295,000 tons with an average grade of 0.075 oz gold per ton (cut-off grade 0.04opt), or 547,000 ozs of contained gold. from surface to 200 meters depth in a 43-101 reported by Snowden Mining Industry Consultants Inc and filed on SEDAR in April 6th 2004. In the previous 2006 drilling campaign the gold occurred in a robust mineralized system and demonstrated the down-dip continuity of the mineralization, which remains open and untested at depth and along strike. The drilling earlier this year discovered and expanded multiple high-grade zones of gold mineralization from 150 to 400 m below surface, under the historical Magino Mine workings. The target of the current drilling program is to increase the measured and indicated resources to the point where a prefeasibility study on restarting the Magino Mine can be undertaken. The Magino Mine reported 105,543 ounces of production in the period from 1988-1992. The current drill program was designed by InnovExplo Inc. to continue exploration of the mineralized zones below the historical workings and to provide sufficient infill drilling to recalculate an upgraded resource to approximately 400 meters depth. Work will be supervised by Gilles Provost, a professional geologist and Qualified Person under NI 43-101 regulations. Golden Goose Resources Inc. is a Canadian mining company engaged in the acquisition, exploration and development of resource properties.
