/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA/
Trading Symbol: TSX-V: GGD
Shares Issued: 55,716,665
HALIFAX, May 9 /CNW/ - Terry Coughlan, President and CEO of GoGold
Resources Inc. ("GoGold" or the "Company") (TSXV: GGD), is pleased to
announce results from the first (8) eight trenches of a large trenching
program on-going at the Company's San Diego Project in Durango, Mexico
with all eight trenches returning gold/silver positive results. The
Company has discovered wide zones of gold/silver mineralization on
surface. Highlights include Trench #L-004 returning 60 metres true
width of 1.26 g/t gold equivalent and Trench #L-008 returning 29.9
metres of 3.56 g/t gold equivalent.
The Company currently has (12) twelve geologists on the San Diego
Project undertaking a systematic trenching program on the "Breccia Hill
Zone" located in the northern portion of the property. At this time,
the mineralized surface expression of the zone is interpreted to be 160
metres wide and has been traced over a strike of 400 metres. The zone
outcrops up the side of a hill for approximately 150 metres of vertical
relief and is open to depth and disappears under cover to the north.
Drilling is being planned in these areas to define the extent of the
zone. The trench widths reported below may not represent the total
width of the mineralized zone because continuous sampling across the
full width was inhibited due to ground cover and steep talus slopes.
GoGold's geologists believe that a good portion of the hill is
Highlights of the first (8) eight Trenches of the Breccia Hill Zone:
Gold Eq g/t
(Silver / Gold ratio of 46:1 used for Gold Equivalent)
Trenches are true width but do not entirely cut the 160m width of the
Breccia Hill Zone
Sampling has been completed on the surface in trenches and underground
through cross cuts within small historic past producing hand-dug mines
(reportedly dating back as far as the 1700's). Sampling is on-going and
we await additional results from samples recently delivered to the lab.
"We are extremely pleased to have commenced our strategic exploration
plan at our San Diego Project in Durango, Mexico" stated Terry
Coughlan, President & CEO. "Brad Langille, the Company's Strategic
Advisor, and our team of geologists are very familiar with both the
geology and the terrain of the area. We look forward to receiving
additional results from the samples currently in process."
Sample Protocol and Trench Techniques
Samples were collected with hammer and chisel along a continuous line of
exposed rock. Fragments or chip samples from a channel of approximately
5cm or less in depth were collected in numbered plastic sample bags,
and approximately 2 to 3 kg of rock was collected. Sample intervals are
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 3 g/t and Ag 5 g/t. A 30g
sample 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,
GoGold Resources Inc.,
T: 902 482-1998
F: 902 442-1898,
or visit GoGold's website at: www.gogoldresources.com