/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA/
Trading Symbol: TSX-V: GGD
Shares Issued: 60,966,665
HALIFAX, Feb. 9, 2012 /CNW/ - Terry Coughlan, President and CEO of
GoGold Resources Inc. (TSXV: GGD), is pleased to announce that mapping
and sampling by our geological team at the San Diego East (Chispa De Oro) high sulphidation area has discovered high grade gold
and silver mineralization on surface in a feeder breccia zone within
the 3 kilometer by 1 kilometer mineralized and altered volcanic
sequence at Chispa De Oro. Highlights are 40 meters of 5.81 g/t gold equivalent, 16 meters of 3.36 g/t gold equivalent and 28 meters of 1.34 g/t gold equivalent. The samples were taken in 2 meter intervals and are continuous
trenches. The current drilling at Chispa De Oro is targeting this area
and results should be available shortly. Detailed mapping and numerous
samples have been collected in the vicinity of these results and
submitted to the lab for analysis and will be reported shortly.
Table #1 - Highlights of The High Grade Trenches at San Diego East
(Chispa De Oro)
Gold Equivalent g/t
Silver/Gold ratio of 46:1 used for Gold Equivalent.
(Metallurgical recoveries and net smelter returns are assumed to be
The orientation of the mineralization is not yet determined. True width
is not known.
Sample Protocol and Trench Techniques
Samples were collected on surface and underground with hammer and chisel
along a 2 meter continuous line of exposed rock. Fragments or chip
samples from a channel approximately 5cm wide by 3 to 5cm in depth were
collected in numbered plastic sample bags which were immediately
sealed, and approximately 2 to 3kg of rock was collected. Sample
intervals were marked on the rock with spray paint along with the
sample number. All samples collected by GoGold were supervised by Ramon
Luna P.Geo. These samples were bagged, tagged and sealed at the sample
site and delivered to ACTLAB in Zacatecas, Mexico.
All samples were processed by method (A.A) Atomic Absorption FAG323 and
ICP14. All samples were first assayed by method FAG323 for gold and
silver which has detection limits for Au of .03 g/t and Ag of 3 g/t.
Samples of 30 grams each were was assayed by Fire Assay with an AAS
finish for Au and a gravimetric finish for Ag.
Mr. Ramon Luna P.Geo is the qualified person as defined by National
Instrument 43-101 and is responsible for the preparation of this
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This News Release includes certain "forward-looking statements". All
statements other than statements of historical fact, included in this
release, including, without limitation, statements regarding potential
mineralization and reserves, exploration results, and future plans and
objectives of GoGold, are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from GoGold's expectations are exploration risks
detailed herein and from time to time in the filings made by GoGold
with securities regulators.
SOURCE GOGOLD RESOURCES INC.
For further information:
Terence F. Coughlan, President and CEO,
Sean Tufford, Vice President, Corporate Development
GoGold Resources Inc.,
T: 902 482-1998
F: 902 442-1898
Email : firstname.lastname@example.org
Or visit : www.gogoldresources.com