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Additional diamond drill holes at the Goldgroup Mining Inc. (TSX:GGA) 100% wholly owned Caballo Blanco gold project in Veracruz, Mexico have yielded significant gold intercepts.
Additional diamond drill holes at the Goldgroup Mining Inc. (TSX:GGA) 100% wholly owned Caballo Blanco gold project in Veracruz, Mexico have yielded significant gold intercepts. All drill holes reported are above the established cut-off grade and are part of the ongoing drilling program intended to increase mineralized resources at Caballo Blanco. Six of the 11 drill holes further define the La Paila mineral resource, and the remaining five drill holes expanded the southwestern flank of the La Paila Zone.
As quoted in the press release:
The results presented today are part of the 2011 drill program and are intended to be used in the preparation of the upcoming updated NI 43-101 mineral resource estimate. Drill holes 11 CBN 150, 151, 151A, 153, 156 and 159 were all drilled within the main La Paila Zone to further define the mineral resource. Five of these six drill holes encountered mineralized intervals at widths and gold grades comparable to those used in the initial resource calculation. Drill hole 11 CBN 150 encountered sporadic mineralization above the 0.2g/t cut off grade, below the main zone. Drill holes 11 CBN 152, 154, 155, 157 and 158 were all collared on the southwestern flank of the La Paila Zone and extend the mineralization in this direction. Relative to the current NI 43-101 resource estimate, the La Paila Zone has been extended by the current drill campaign an average of 50 metres down dip to the west and on average 150 metres down plunge to the southwest. The zone remains open to the south and southwest. The middle portion of the eastern flank between coordinates 2,184,200N and 2,184,500N has been extended 50 metres further east. A complete summary of the assay results from diamond drill holes DDH 11 CBN 150 to DDH 11 CBN 159, as well as a drill-hole location map of the La Paila Zone detailing the relative locations of all historical drill holes will be posted on the Goldgroup website under at https://www.goldgroupmining.com/s/projects.asp.
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