Golden Goose Completes 7,150-Metre Fall Drilling Program
on its Lac Levac Nickel Property in James Bay
Montreal, Quebec -December 18, 2007 - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to report the completion of its fall drilling program at its wholly-owned Lac Levac nickel property in the James Bay area, 216 km north of Chibougamau in northern Quebec.
In all, a total of 7,150 metres were drilled in 33 holes between mid-October and mid-December. Initially planned at 6,000 metres, the program was extended to allow the eastern extension of the *NISK-1 anomaly to be tested. An InfitiTEM geophysical survey conducted in the fall located the *NISK-1 anomaly and suggested that it extended further east than previously realized.
"So far, the results we have received are for in-fill drilling on the *NISK-1 anomaly," said Jean-Marc Lacoste, President of Golden Goose. "The results are consistent with the drilling we did last spring, indicating good homogeneity and continuity within the zone. Assays for the holes drilled on the eastern extension, namely holes 16, 17, 39, and 43 to 50, are among the results still pending."
A summary of the drilling done to date is as follows (more results to come):
|
Hole |
From |
To |
Length |
Ni |
Cu |
Co |
Pt |
Pd |
|
# |
(m) |
(m) |
(m) |
% |
% |
% |
(g/t) |
(g/t) |
|
Fall 2007 program |
|
|
|
|
|
|
|
|
|
22-07 |
23.00 |
27.50 |
4.50 |
0.89 |
0.25 |
0.07 |
0.04 |
0.87 |
|
And |
42.00 |
44.00 |
2.00 |
1.71 |
0.17 |
0.10 |
0.03 |
0.24 |
|
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 |
|
29-07 |
256.00 |
259.00 |
3.00 |
1.30 |
0.51 |
0.08 |
0.01 |
1.11 |
|
30-07 |
150.50 |
158.50 |
8.00 |
0.90 |
0.30 |
0.07 |
0.19 |
0.84 |
|
31-07 |
75.05 |
77.55 |
2.50 |
0.72 |
0.39 |
0.04 |
0.37 |
0.34 |
|
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 |
|
35-07 |
50.65 |
55.65 |
5.00 |
0.85 |
0.50 |
0.05 |
0.09 |
0.80 |
|
36-07 |
134.40 |
137.40 |
3.00 |
0.61 |
0.54 |
0.04 |
0.05 |
0.55 |
|
37-07 |
235.50 |
238.50 |
3.00 |
0.77 |
0.40 |
0.05 |
0.27 |
0.67 |
|
38-07 |
34.50 |
35.00 |
0.50 |
0.78 |
0.84 |
0.05 |
0.26 |
0.84 |
|
16-07, 17-07, 19-07, 23-07, 24-07, 25-07, 27-07, 28-07, 32-07, 39-07 to 50-07 and 52-07 are pending
18-07, 20-07, 21-07 showed no significant mineralization
33-08 and 51-08 are to be drilled in 2008 |
|
Spring 2007 program (previously reported) |
|
|
|
|
|
04-07 |
125.40 |
132.40 |
7.00 |
1.05 |
0.49 |
0.07 |
0.20 |
1.53 |
|
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 |
|
06-07 |
154.50 |
156.00 |
1.50 |
1.08 |
0.35 |
0.07 |
0.09 |
0.79 |
|
07-07 |
106.70 |
108.70 |
2.00 |
1.17 |
0.28 |
0.07 |
0.23 |
0.94 |
|
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 |
0.08 |
0.25 |
|
09-07 |
188.30 |
190.30 |
2.00 |
0.84 |
0.61 |
0.04 |
0.19 |
0.54 |
|
10-07 |
177.40 |
179.40 |
2.00 |
0.62 |
0.05 |
0.03 |
0.11 |
0.33 |
|
13-07 |
158.00 |
160.50 |
2.50 |
1.69 |
0.77 |
0.09 |
0.14 |
1.19 |
|
15-07 |
61.80 |
63.30 |
1.50 |
0.43 |
0.73 |
0.02 |
0.13 |
0.65 |
|
01-07, 02-07, 03-07 were drilled on the "C" anomaly and showed no significant mineralization
11-07 and 14-07were cancelled
12-07 showed no significant mineralization |
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.
The data generated by the fall drilling will be used to update the NI 43-101-compliant evaluation report and resource estimate dated July 2007, which showed the NISK-1 anomaly to contain 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.
"We have shut down activities for the holiday period, but we plan to continue drilling on the NISK-1 anomaly in the New Year. We are currently completing the planning for our 2008 program, which consists of about 10,000 metres of drilling to further delineate the anomaly and its extensions and explore other targets of interest on the property," added Mr. Lacoste.
The Lac Levac drilling programs are planned and supervised by Marc-Antoine Beaupr�, a geological engineer and the qualified person as defined by National Instrument 43 101. He has approved the contents of this press release.
* NISK-1: The Lac Levac anomalies will all be named in the Cree Language. NISK previously named INCO translates to GOOSE.
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, PLEASE CONTACT:
Golden Goose Resources Inc.
Jean-Marc Lacoste
Phone: 1-888-928-4667
Fax: 1-888-494-5371
email: lacoste@goldengooseres.com
RENMARK FINANCIAL COMMUNICATIONS INC.
BARRY MIRE : BMIRE@RENMARKFINANCIAL.COM
JAMES BUCHANAN : JBUCHANAN@RENMARKFINANCIAL.COM
TEL.: (514) 939-3989
FAX: (514) 939-3717
WWW.RENMARKFINANCIAL.COM
QUALIFIED PERSON UNDER NI 43-101
MARC ANTOINE BEAUPR�, ING.
TEL.: (888) 928-4667
FAX: (888) 494-5471
WWW.GOLDENGOOSERES.COM
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Golden Goose Resources Inc.
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CODE : GGR.V |
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Golden Goose is a gold exploration company based in Canada. Golden Goose is listed in Canada. Its market capitalisation is CA$ 19.6 millions as of today (US$ 19.5 millions, € 14.5 millions). Its stock quote reached its lowest recent point on December 29, 2000 at CA$ 0.04, and its highest recent level on December 31, 2007 at CA$ 1.25. Golden Goose has 51 562 000 shares outstanding. |