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Feb. 27, 2012 09:00AM PST
Goldgroup Mining Inc.(TSX:GGA) announced the latest assay results from 175 metres of tunnel development at it Caballo Blanco project. The assays confirm past drilling results at the project. Goldgroup is aiming towards an NI 43-101 later in the year.
Goldgroup Mining Inc.(TSX:GGA) announced the latest assay results from 175 metres of tunnel development at it Caballo Blanco project. The assays confirm past drilling results at the project. Goldgroup is aiming towards an NI 43-101 later in the year.
As quoted in the press release:
Assay highlights from the tunnel include 34.2 metres of 0.77 g/t Au and 30.9 metres of 0.68 g/t Au from channel sampling in the main tunnel, and 42.2 metres of 0.46 g/t Au from sampling in the cross cut off the main tunnel.
Goldgroup, President and CEO, Keith Piggott, said:
In addition to the recently updated mineral resources on Caballo Blanco representing an increase of 314% on indicated resources, the results from tunnel assays which confirm nearby drill hole results as well as the geological mapping and geotechnical data collected, continue to de-risk the project. We are pleased to continue to achieve our Company targets and are currently in-line to commence production on the project by 2012 year-end.
Click here to read the Goldgroup Mining Inc. (TSX:GGA) press release
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