MONTREAL, April 16 /CNW Telbec/ - Golden Goose Resources Inc.
(TSX-V: GGR) (the "Company") is reporting additional results from the 2008
winter drilling program at its Lac Levac nickel project. The property, which
is accessible by road and less than 4 km from Hydro-Quebec's Albanel
substation, is wholly-owned by Golden Goose and lies 35 km east from the
Nemiscau airport and 216 km north of Chibougamau in the James Bay area of
northern Quebec.
The Lac Levac mineralized zone is part of a 4 km long by 300 m wide
magnetic geophysical anomaly. The mineralized zone is composed of massive to
disseminated sulphides in an ultramafic rock identified as a serpentinized
peridotite.
Highlights of the latest drill results include 5.5 metres of 1.22% nickel
and 0.75% copper in Hole 53-08 and 6.5 metres of 1.02% nickel and 0.77% copper
at a true vertical depth of 330 metres in Hole 57-08, both in the eastern
extension.
"These additional results complete the data required to update our
resource estimate for the NISK-1 anomaly," said Jean-Marc Lacoste, President
of Golden Goose. "The Fall 2007 and Winter 2008 drilling returned very
exciting results in terms of grade and zone continuity, and we are looking
forward to seeing how this reflects in the new 43-101 estimate, due out in the
next couple of weeks. Combined with metallurgical testing currently underway,
the resource estimate should provide us with a good roadmap for exploration of
the Lac Levac project in the coming months."
Complete results for the latest holes are as follows:Winter 2008 Program
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Hole From To Length Ni Cu Co Pt Pd
No. (m) (m) (m) % % % (g/t) (g/t)
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Eastern extension (discovered Fall 2007)
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53-08 29.70 35.20 5.50 1.22 0.75 0.09 0.02 0.32
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including 32.20 34.20 2.00 1.60 0.63 0.11 0.04 0.24
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And 39.20 41.70 2.50 0.67 0.32 0.06 0.03 0.87
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And 46.70 48.70 2.00 0.43 0.22 0.04 0.03 0.26
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57-08 363.30 369.80 6.50 1.02 0.77 0.06 0.26 1.09
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59-08 54.00 56.50 2.50 0.78 0.55 0.06 0.09 0.46
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Holes 51-08, 64-08 and 65-08 intersected minor mineralization (less than
2 m thickness at a cutoff grade of 0.4% Ni).
Hole 63-08 does not exist.
Hole 55-08 did not reach the target: drilling was stopped due to poor
ground conditions.
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Main area (drilling recommended in the July 2007 43-101 report)
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58-08 304.80 306.80 2.00 1.68 0.48 0.10 0.05 1.69
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And 311.80 313.80 2.00 0.96 0.70 0.09 0.08 0.48
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And 320.30 324.8 4.50 0.80 0.47 0.05 0.22 0.86
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67-08 345.00 349.50 4.50 0.88 0.33 0.07 0.34 1.33
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Including 345.00 347.00 2.00 1.28 0.56 0.10 0.48 2.17
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Western extension (Identified by a ground geophysical survey done in
February 2008)
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Holes 68-08 and 69-08 showed no significant mineralization.
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Previously-disclosed drill results for the NISK-1 anomaly, Main area and
Eastern extension:
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Hole From To Length Ni Cu Co Pt Pd
No. (m) (m) (m) % % % (g/t) (g/t)
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Eastern extension (discovered fall 2007)
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16-07 240.30 244.30 4.00 0.85 0.29 0.05 0.04 0.54
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17-07 141.30 143.30 2.00 0.41 0.16 0.02 0.01 0.07
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33-08 28.50 32.00 3.50 0.63 1.84 0.05 0.07 1.18
Including 28.50 30.00 1.50 0.51 3.24 0.05 0.12 2.50
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Including 30.50 31.50 1.00 1.10 0.91 0.09 0.03 0.24
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And 47.50 50.50 3.00 1.43 0.30 0.10 0.27 1.84
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Including 47.50 48.50 1.00 2.04 0.27 0.15 0.46 2.52
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39-07 58.50 61.00 2.50 0.77 0.38 0.04 0.20 2.67
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43-07(1) 233.50 243.50 10.00 0.65 0.75 0.03 0.04 0.29
Including 239.50 243.50 4.00 1.30 0.64 0.07 0.02 0.49
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45-07 183.10 186.10 3.00 0.81 0.81 0.05 0.30 1.27
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46-07 261.50 272.50 11.00 1.04 1.09 0.06 0.27 0.64
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47-07 153.70 161.70 8.00 1.03 0.72 0.05 0.91 3.24
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48-07 118.00 121.00 3.00 1.26 0.36 0.08 0.13 0.49
And 140.50 143.50 3.00 0.55 0.08 0.04 0.05 0.38
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54-08 220.00 222.00 2.00 1.00 0.35 0.05 0.05 1.40
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Including 220.00 221.00 1.00 1.77 0.26 0.09 0.10 2.63
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56-08 320.00 325.00 5.00 1.94 0.86 0.16 0.56 3.39
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Including 320.00 322.00 2.00 2.30 0.75 0.15 0.35 3.30
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And 338.00 341.50 3.50 0.94 1.54 0.06 0.00 0.91
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Including 340.50 341.50 1.00 0.84 3.09 0.07 0.00 1.32
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60-08 45.70 47.70 2.00 1.72 0.16 0.10 0.05 1.26
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Including 46.20 47.70 1.50 2.20 0.21 0.13 0.07 1.68
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And 52.70 54.70 2.00 1.26 0.77 0.07 0.08 0.69
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Including 52.70 53.70 1.00 1.44 1.31 0.08 0.07 0.79
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61-08 101.00 106.00 5.00 1.00 1.34 0.08 0.23 1.38
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Including 101.00 102.00 1.00 0.61 4.44 0.04 0.06 2.64
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Including 102.50 103.50 1.00 1.99 0.29 0.14 0.05 1.30
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62-08 63.00 69.00 6.00 1.06 0.60 0.07 0.16 1.81
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Including 63.00 64.00 1.00 1.24 0.48 0.09 0.13 0.88
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Including 66.00 67.50 1.50 1.41 0.64 0.09 0.02 1.84
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66-08 43.00 45.00 2.00 0.79 0.12 0.06 0.01 0.67
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Holes 44-07, 49-07 and 50-07 intersected minor mineralization (less than
2 m thickness at a cutoff grade of 0.4% Ni).
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Main area (drilling recommended in July 2007 43-101 report)
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04-07 125.40 132.40 7.00 1.05 0.49 0.07 0.20 1.53
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05-07 187.00 190.00 3.00 1.36 0.52 0.06 0.44 1.03
And 192.00 209.50 17.50 1.48 0.42 0.09 0.26 1.10
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06-07 154.50 156.00 1.50 1.09 0.35 0.07 0.09 0.79
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07-07 106.70 108.70 2.00 1.17 0.28 0.07 0.23 0.94
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08-07 129.00 133.00 4.00 1.07 0.31 0.07 0.04 0.76
And 118.00 121.00 3.00 0.63 0.11 0.04 0.09 0.25
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09-07 188.30 190.30 2.00 0.84 0.62 0.04 0.19 0.54
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10-07 177.40 179.40 2.00 0.62 0.05 0.03 0.11 0.33
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13-07 158.00 160.50 2.50 1.69 0.77 0.09 0.14 1.19
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15-07 61.80 63.30 1.50 0.43 0.73 0.02 0.13 0.65
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19-07 284.50 286.50 2.00 0.45 0.11 0.02 0.04 0.32
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22-07 23.00 27.50 4.50 0.89 0.25 0.07 0.05 0.87
And 42.00 44.00 2.00 1.71 0.17 0.10 0.03 0.24
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24-07 120.20 130.70 10.50 0.92 0.48 0.07 0.02 0.49
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25-07 227.50 246.00 18.50 1.22 0.63 0.07 0.20 1.37
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26-07 29.00 29.50 0.50 2.47 0.63 0.12 0.05 0.62
And 35.00 36.00 1.00 0.96 0.06 0.07 0.05 0.51
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28b-07 340.00 342.00 2.00 0.41 0.19 0.01 0.04 0.22
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29-07 256.00 259.00 3.00 1.30 0.51 0.08 0.01 1.11
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30-07 150.50 158.50 8.00 0.90 0.30 0.07 0.19 0.84
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31-07 75.05 77.55 2.50 0.72 0.39 0.04 0.37 0.34
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32-07 23.70 25.70 2.00 1.60 1.59 0.09 0.47 0.52
And 16.50 18.20 1.70 0.74 0.25 0.04 0.24 0.12
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34-07 239.20 249.70 10.50 0.73 0.25 0.05 0.08 0.48
Including 239.20 244.70 5.50 1.01 0.34 0.07 0.11 0.74
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35-07 50.65 55.65 5.00 0.85 0.50 0.05 0.09 0.80
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36-07 134.40 137.40 3.00 0.61 0.54 0.04 0.05 0.55
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37-07 235.50 238.50 3.00 0.77 0.40 0.05 0.27 0.67
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40-07 243.50 247.00 3.50 0.70 0.21 0.04 2.64 1.59
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41-07 121.00 133.50 12.50 0.56 0.43 0.03 0.14 0.85
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42-07 238.00 240.50 2.50 0.76 0.32 0.05 0.17 0.49
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52-07 351.00 355.00 4.00 1.03 0.41 0.08 0.06 0.47
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Holes 23-07, 27-07 and 38-07 intersected minor mineralization (less than
2 m thickness at a cutoff grade of 0.4% Ni).
(1) The zone was extended to include a zone of high copper grades.
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Holes 01-07, 02-07, 03-07 were drilled on the "C" anomaly and showed no
significant mineralization.
Holes 11-07 and 14-07 were cancelled.
Holes 12-07, 18-07, 20-07 and 21-07 showed no significant mineralization.
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Analyses were done by Accurassay Laboratories, Thunder Bay, Ontario. All
samples are tested using a full scan ICP following an Aqua-Regia
digestion. Ore grade samples are then reanalyzed by atomic absorption.
Pt and Pd are tested by Fire Assay using lead collection.
A map of the Lac Levac property showing holes locations and the best drill
results to date can be found at:
http://www.goldengooseres.com/pages/en/levac_results_07
The NISK-1 anomaly remains open at depth and along strike in both
directions. A resource estimate dated July 2007 showed an indicated resource
of 516,000 tonnes at 0.89% nickel, 0.39% copper, 0.06% cobalt, 0.79 g/t
palladium and 0.14 g/t platinum and an inferred resource of 734,000 tonnes at
0.89% nickel, 0.34% copper, 0.06% cobalt, 0.77 g/t palladium and 0.14 g/t
platinum.
The Lac Levac drilling programs are planned and supervised by Marc-Antoine
Beaupré, a geological engineer and the qualified person as defined by National
Instrument 43-101. He has approved the contents of this press release.
(*) Previously called the INCO anomaly. Golden Goose has decided to
assign Cree names to the Lac Levac anomalies; "nisk" means, "goose"
in Cree.ABOUT GOLDEN GOOSE RESOURCES
Golden Goose Resources Inc. is a Canadian public company listed on the
TSX Venture Exchange under the symbol GGR. The Company is principally engaged
in mineral exploration and acquisition and has a portfolio of gold and
nickel-platinum group metals properties in Ontario and Quebec.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information: Golden Goose Resources Inc.: Jean-Marc Lacoste,
1-888-928-4667, Fax: 1-888-494-5371, lacoste@goldengooseres.com; Renmark
Financial Communications Inc.: Barry Mire, bmire@renmarkfinancial.com; James
Buchanan, jbuchanan@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com; Qualified Person under NI 43-101: Marc Antoine
Beaupré, Ing., (888) 928-4667, Fax: (888) 494-5471, www.goldengooseres.com
