MONTREAL, July 29 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to announce that it has received a metallurgy report, on the Lac Levac nickel deposit. The study investigated the recovery of Ni, Cu and PGM's from the Lac Levac nickel deposit (Nisk-1) located 216 km north of Chibougamau in the James Bay area of northern Quebec. It was carried out by SGS Lakefield Research Limited following the recommendations of the NI43-101 report out in May 2008. The full report is available on the company`s website at http://www.goldengooseres.com/medias/docs/pdf/SGS_Lakefield_Lac_Levac_July_22_ 2009.pdf
The NI43-101 results of the Lac Levac Ni deposit (previously reported)
were as follows:
Nickel
Category Tonnes ---------------- Copper Cobalt Palladium Platinum
% Ni lbs % Cu % Co g/t Pd g/t Pt
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Measured 1,255,000 1.09 30,158,000 0.56 0.07 1.11 0.20
Indicated 783,000 1.00 17,262,000 0.53 0.06 0.91 0.29
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Total 2,038,000 1.06 47,420,000 0.55 0.07 1.03 0.23
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Inferred 1,053,000 0.81 18,803,000 0.32 0.06 1.06 0.50
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Cut off grade was 0.4% nickel and no external dilution was included.
A map of the Lac Levac property showing holes locations and the best drill results to date can be found at http://www.goldengooseres.com/pages/en/levac_results_07
Golden Goose Resources submitted samples from multiple drill holes of the Lac Levac deposit for a scoping level metallurgical test program. Two composites, master composite and comp (number sign)2, were prepared from quarter-split drill core. A sample of the master composite and comp (number sign)2 were submitted for chemical analyses and were found to contain 1.15% Ni, 0.60% Cu and 1.14g/t (Pt, Pd and Au) PGM for the master composite and 1.25% Ni, 0.63% Cu and 1.25 g/t (Pt and Pd) PGM for comp (number sign)2.
In a best test, a final concentrate graded 9.9% Ni at 69% nickel recovery and 4.9% Cu at 66% copper recovery was produced. Recovery of Co in the final concentrate was 70% at a grade of 0.69% Co. The final concentrate of the best test also include 16.3 g/t Pd and 55 g/t silver. No other PGM or gold was present in the concentrate in significant concentration.
No deleterious element was present in the concentrate.
These batch test recoveries are expected to be improved in a continuous environment with the recirculation of middling products.
Francois Perron, President and CEO comments "The metallurgy test work on samples from our Lac Levac nickel deposit is another step in the advancement of that project, we believe this will help us in understanding the potential of the deposit and its surroundings."
The Lac Levac drilling programs were planned and supervised by Marc-Antoine Beaupre, a geological engineer and a qualified person as defined by National Instrument 43-101. Pierre Trudel of RSW Inc. acted as the qualified person for the 43-101 resources estimate. Messrs Beaupre and Trudel have both approved the contents of this press release.
ABOUT GOLDEN GOOSE RESOURCES
Golden Goose Resources Inc. is a Canadian public company listed on the TSX Venture Exchange under the symbol GGR. The Company is principally engaged in mineral exploration and acquisition and has a portfolio of gold, platinum group metals, and nickel properties in Ontario and Quebec.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.