MONTREAL, March 9 /CNW Telbec/ - (TSX-V: GGR), Golden Goose Resources Inc. is pleased to announce that drilling at the Magino gold property near Wawa, Ontario, has encountered a new type of high grade mineralization. The intersection, which graded 11.1 grams of gold per tonne over a core length of 10.5 metres (uncut), is approximately 400 vertical metres below surface, and 200 metres to the south of the previous Magino mine workings.
Drill Hole From To Length Gold
(m) (m) (m) (g/t)
-------------------------------------------------------------------------
Hole 606.00 608.65 2.65 1.56
07-19A
Massive Sulfide Zone
and : 610.50 621.00 10.50 11.14
Exhalite and QFP Zone including 617.00 621.00 4.00 28.19
The intercept was located at the contact between a massive sulphide and an
exhalite formation which lie stratigraphically below the granodiorite
formation which hosts the known resources on the property. There has been no
previous drilling in this formation in the area of this intercept. This gold
zone is present in the exhalite, which is directly in contact with a felsic
intrusive (QFP). The gold is disseminated in massive sulphides, and in a
stockwork of quartz veins in the QFP. The QFP is host to quartz veins
containing visible gold. The massive sulphide consists of two bands of 1 and
2 metres widths, essentially composed of pyrite and pyrhotite with up to 2% of
chalcopyrite. The hole also returned the following copper values:
Drill Hole From To Length Cu
(m) (m) (m) %
-------------------------------------------------------------------------
07-19A 606.00 613.00 7.00 0.35
"This discovery opens up a new exploration angle for the Magino project
and we intend to aggressively follow up on this new zone," says Golden Goose
President and CEO, Jean-Marc Lacoste. The new formation was discovered on the
fourth hole of a 14,000-metre program which began in November, 2006.
The drilling program also provided numerous drill intercepts in the
granodiorite formation, also below existing resources, which appear to extend
several known zones of mineralization at depth. The results are presented in
the following table ("true width" not yet determined):
Drill Hole From To Length Gold
(m) (m) (m) (g/t)
-------------------------------------------------------------------------
06-16A 408.00 413.00 5.00 5.77
including 412.00 413.00 1.00 27.70
and: 431.00 435.00 4.00 3.12
including 431.00 432.00 1.00 9.51
06-17 304.00 308.00 4.00 3.53
including 304.80 305.80 1.00 9.87
and: 429.50 442.00 12.50 1.41
including 437.50 438.00 0.50 15.60
including 441.00 442.00 1.00 3.94
and: 473.00 480.00 7.00 2.07
including 473.00 474.00 1.00 9.73
07-18 219.25 222.00 3.00 5.68
including 219.25 220.25 1.00 14.50
and: 238.00 241.00 3.00 11.91
including 238.00 239.00 1.00 31.16
and : 331.00 332.5 1.50 11.89
Including 331.00 331.50 0.50 32.02
and : 377.00 380.10 3.10 24.81
Including 379.50 380.10 0.60 120.34
and : 401.00 402.20 1.20 6.49
and : 540.00 542.50 2.50 9.82
Including 542.00 542.50 0.50 46.10
07-19A 188.00 190.00 2.00 7.70
including 188.50 190.00 0.50 25.00
and: 355.00 359.00 4.00 6.04
including 357.00 357.50 0.50 40.73
and: 381.00 387.00 6.00 3.70
including 381.00 382.00 1.00 7.96
and: 510.00 515.00 5.00 24.25
including 510.00 511.00 1.00 120.46
Fire Assay with AA finish done by Accurassay Laboratories & ALS Chemex, Thunder Bay, Ontario.
Photos of the drilling program are available this week at www.goldengooseres.com ("Magino" page).
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.