GoGold Resources Inc. (TSX:GGD) announced drill results from its Mexico-based Santa Gertrudis gold mine, commenting that the results are from outside the current resource and will be incorporated into an upcoming preliminary economic assessment.
As quoted in the press release:
The drilling program was designed to follow-up previously untested structural breaks where they cross the favorable limestone beds that host many of the mined deposits on the property. The company’s geological team developed the targets after creating 3D models of the gold grade distribution of more than 100,000 blast holes from the 22 open pits on the property. Testing of the new targets began in late May with priority assigned to near surface, oxidized zones that can be easily added to the published mineral resource.
The first two areas tested added significant new gold drill intercepts in zones adjacent to some of the known deposits. Holes at the Rueben deposit hit new high grade mineralization of 21 meters of 2.22 grams per tonne (‘g/t’) gold and a second hole intersected 7.45 meters of 11.28 g/t gold. At the Escondida deposit, drillhole GGES-010 intercepted a new zone of 48.7 meters of 0.9 g/t gold and 45.2 g/t silver including 22.4 meters of 1.77 g/t gold and 84.5 g/t silver. Drillhole GGES-009 intercepted the same zone with 10.9 meters of 2.11 g/t gold and 41.1 g/t silver.
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