GoGold Resources Inc. Signs LOI to Acquire Gold/Silver Properties in Mexico

- February 16th, 2011

GoGold Resources Inc. (CVE:GGD) announced that the Company has signed a binding letter of intent (“LOI”) to acquire all of the issued and outstanding securities of Mexican Gold Holdings Corporation Incorporated.

GoGold Resources Inc. (TSXV:GGD) announced that the Company has signed a binding letter of intent (“LOI”) to acquire all of the issued and outstanding securities of Mexican Gold Holdings Corporation Incorporated.

The press release is quoted as saying:

“This is a significant milestone for us”, stated Terry Coughlan, President and CEO of GoGold, “based on my experience in Mexico, the work the MDD team has completed over the past two years, with regards to consolidating such a large group of claims is highly commendable. The area is reminiscent of when I first visited Ocampo in 1999 where we developed one of the largest gold mines in Mexico which now employs over 3,000 people. Our company today is well positioned financially and we look forward to advancing our exploration activities in the district.”

Click here to access the entire press release.

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