MONTREAL, May 17 /CNW Telbec/ - Golden Goose Resources Inc.( TSX Venture: GGR) is pleased to announce that it has completed 2,500 metres drilling program on its Lac Levac property, located in the James Bay region, 40 kilometres northeast of Nemiscau, Quebec. Complete results are listed in the table below. New results from the latest holes 09 through 15 are highlighted.
In total, 10 holes were drilled, covering a distance of approximately 450 metres on a 4 kilometre long east-west geophysical anomaly. Several significant nickel intersections were encountered The most significant intersection was 17.5 metres at 1.48 % nickel and 0.42% copper in hole TF-05-07. The best new results include 1.69% nickel and 0.77% Cu over 2.5 metres and suggest continuity of the mineralization. The interval widths given are the core lengths. The true widths of mineralized intervals have not yet been determined.
The mineralized zones are composed of massive to disseminated sulphide in an ultramafic rock identified as serpentinite and peridotite units with spinifex horizon.Sulfide mineralization with significant nickel content is open on the east side and at depth.
The results are as follows (italicized holes were previously reported):
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Drill From To Length Ni % Cu % Co % Pt Pd
Hole (m) (m) (m) (g/t) (g/t)
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TF-04-07 125.4 132.4 7.0 1.05 0.49 0.071 0.20 1.53
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TF-05-07 187.0 190.0 3.0 1.36 0.52 0.061 0.44 1.03
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AND 192.0 209.5 17.5 1.48 0.42 0.087 0.26 1.1
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TF-06-07 154.5 156.0 1.5 1.08 0.35 0.070 0.09 0.79
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TF-07-07 106.7 108.7 2.0 1.17 0.28 0.069 0.23 0.94
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TF-08-07 129.0 133.0 4.0 1.07 0.31 0.071 0.04 0.76
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AND 118.0 121.0 3.0 0.63 0.11 0.039 0.08 0.25
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TF-09-07 188.3 190.3 2.0 0.84 0.61 0.044 0.19 0.54
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TF-10-07 177.4 179.4 2.0 0.62 0.05 0.026 0.11 0.33
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TF-12-07 minor nickel mineralization
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TF-13-07 158.0 160.5 2.5 1.69 0.77 0.090 0.14 1.19
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TF-15-07 61.8 63.3 1.5 0.43 0.73 0.022 0.13 0.65
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Note: TF-11-07 was postponed to the next drilling program, TF-14-07 was a
"if required" hole and was cancelled, the first three holes of the
campaign (TF-01-07, TF-02-07, and TF-03-07) were drilled on separate
anomalies in other parts of the property and encountered minor nickel
mineralization. Analyses were done by Accurassay Laboratories, Thunder
Bay, Ontario. They used Fire assay and Aqua Regia methods.
Because of these significant drilling results, Golden Goose has retained a
geophysical firm to conduct in-hole pulse electro-magnetic survey to further
define the size and shape of the mineralized zones. Survey results will be
used to plan the next drilling campaign. The geophysical survey will start on
May 20, 2007.
Golden Goose has mandated RSW Inc. to produce a NI43-101 resource estimate
on the Nickel Zone of its Lac Levac property. The report is expected to be
released in June 2007.
Permitting to construct an access road has begun to enable better access
for further drilling later this year.
Golden Goose continues to drill at the Magino Gold property in North West
Ontario.
Additional results are expected shortly.
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 and
nickel-platinum group metals 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Golden Goose Resources Inc. RSW Inc.
Jean-Marc Lacoste Marc Antoine Beaupre
President Eng. Qualified person under
1 Place Ville Marie, Suite 2821 NI-43-101
Mtl, Qc, H3B 4R4 1010 De La Gauchetiere, No.500
Phone: 1-888-928-4667 Mtl, Qc, H3B OA1
Fax: 1-888-494-5371 Phone: 514-878-2621
Website: www.goldengooseres.com Fax : 514-397-0085
Website: www.rswinc.com