The Conversation (0)
Goldgroup Mining Inc. (TSX: GGA) announced that assay results from the channel sampling in the main tunnel returned 49.40 metres of 1.13 g/t gold and 28.25 metres of 1.26 g/t gold from channel sampling in the crosscut tunnel. These results provide indirect confirmation for a robust resource model, serving to de-risk the Caballo Blanco project.
Goldgroup Mining Inc. (TSX:GGA) announced that assay results from the channel sampling in the main tunnel returned 49.40 metres of 1.13 g/t gold and 28.25 metres of 1.26 g/t gold from channel sampling in the crosscut tunnel. These results provide indirect confirmation for a robust resource model, serving to de-risk the Caballo Blanco project.
As quoted in the press release:
Goldgroup expects to release initial results of its Preliminary Economic Assessment (“PEA”) for Caballo Blanco in mid-April. Goldgroup has received delivery of a draft PEA report, but is still awaiting final determination of a few key parameters before the results can be issued. The completion of the Caballo Blanco PEA, the first such report in the history of Goldgroup, represents a significant milestone for the Company. The PEA report will provide details of the operational and financial nature of the project.
The main tunnel and west crosscut tunnel at the La Paila Zone are being driven to collect bulk-sample material for ongoing metallurgical test work. The tunnelling also provides direct access to the mineralized zone allowing the Company to enhance its understanding of the geological and geotechnical characteristics of the mineralization at the La Paila Zone. Since the previous tunnel news release dated February 27, 2012, the main tunnel has advanced an additional 49 metres to a total length of approximately 225 metres. A new crosscut tunnel to the west of the main tunnel has been driven 28 metres to date.
Click here to read the Goldgroup Mining Inc. (TSX:,GGA) press release
Click here to see the Goldgroup Mining Inc. (TSX:,GGA) profile.