GoGold Resources Inc. reports news on its silver and gold operations and project development in Mexico. The Canadian-based producer operates the Parral tailings mine in Chihuahua and holds the Los Ricos South and Los Ricos North exploration and development projects in Jalisco.
Recurring updates cover Parral production in silver equivalent ounces, sales of silver, gold, copper and zinc, revenue and operating cash flow, Los Ricos South development work, technical disclosures under NI 43-101, annual meeting results, and investor conference participation.
GoGold Resources has announced promising results from five new drill holes at the El Favor deposit within the Los Ricos North project. Notable findings include drill hole LRGF-21-052, which intersected 51.3m of 136 g/t silver equivalent, featuring 0.9m of 1,576 g/t AgEq in the newly discovered El Favor East zone. The exploration team plans to continue drilling further east, with additional holes pending assays. GoGold expects these results to significantly contribute to their upcoming resource estimates, highlighting the continued growth potential of their exploration activities.
GoGold Resources Inc. reported positive results from 8 diamond drill holes at the El Orito area of its Los Ricos North project. Notably, hole LRGO-21-052 intersected 1.7m of 1,181 g/t silver equivalent (AgEq) within a broader 38.1m section of 186 g/t AgEq. These findings stem from a recent Induced Polarization geophysical survey, indicating strong mineralization potential. The company plans to continue testing numerous targets in the coming months, enhancing optimism about the project's potential.
GoGold Resources has announced results from 11 new drill holes at the Casados deposit, part of the Los Ricos North project. Drill hole LRGCS-21-056 returned a remarkable 4,367 g/t silver equivalent over 1.0m, within a broader intersection of 45.9m at 259 g/t AgEq. This highlights the area's high-grade intercepts and potential for bulk mining. The company is advancing towards a significant initial resource, with previous successes in their Los Ricos South project indicating a measured and indicated resource of 63.7 million ounces AgEq.
GoGold Resources (OTCQX: GLGDF) reported silver equivalent production of 575,302 ounces for the quarter ending June 30, 2021, driven by 315,632 silver ounces, 3,170 gold ounces, and 120 tonnes of copper. The Parral mine has generated positive free cash flow for ten consecutive quarters, exceeding US$5.5 million this quarter. The company ended the quarter with over US$73 million in cash. Maintaining strong financial health, GoGold is reinvesting cash flow into its Los Ricos projects to drive future growth.
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GoGold Resources Inc. has announced significant results from recent drilling at the El Favor deposit within its Los Ricos North project. Drill hole LRGF-21-048 intersected 61.3 meters of 285 g/t silver equivalent, including a notable 1 meter at 5,071 g/t AgEq. This intersection represents some of the highest grades yet observed in the deposit. The company is optimistic that these results will enhance the resource estimates, as ongoing drilling continues to reveal extensive mineralization.
GoGold Resources announced significant drilling results from the Casados deposit in the Los Ricos North project. Drill hole LRGCS-21-043 yielded an impressive 1,213 g/t silver equivalent over 1.9m, part of a larger intercept of 33.6m at 164 g/t AgEq. The company is advancing drilling at El Nayar to validate earlier mapping and sampling successes. GoGold anticipates these efforts will enhance resource definition and lead to further discoveries in the region, potentially boosting investor confidence.
GoGold Resources Inc. (OTCQX: GLGDF) reported promising results from 12 diamond drill holes in its El Orito area, part of the Los Ricos North project. Notable findings include hole LRGO-21-041, which intersected 4.2m of 1,007 g/t silver equivalent within a broader 58.0m of 168 g/t AgEq. An Induced Polarization survey is underway to map sulphide-rich zones, revealing a significant chargeability anomaly. The company anticipates further exploration results, reinforcing its belief in the Los Ricos district's importance in silver mining.
GoGold Resources has released positive results from six new drill holes from the El Favor deposit at its Los Ricos North project. Drill hole LRGF-21-041 revealed significant potential with a 56.1m intersection averaging 105 g/t silver equivalent, including a high-grade section of 1.3m at 1,243 g/t AgEq. These findings suggest the possibility of a mineralized zone exceeding 3 kilometers. The company plans extensive drilling this year, targeting over 100,000 meters across various sites, bolstering its resource potential in the area.
GoGold Resources Inc. reported promising results from 9 new drill holes at the Casados deposit in the Los Ricos North project. Notably, drill hole LRGSC-21-038 achieved an impressive 830 g/t silver equivalent over 2.6m, including a peak interval of 2,835 g/t AgEq over 0.8m. This discovery highlights the potential for further exploration in the Casados North zone, with a maiden resource estimate expected later this year, which could positively impact the company's prospects and valuation.