GOLDEN GOOSE HITS 16.88 G/T PLATINUM OVER 0.50 METRES
IN A 3.5-METRE ZONE AT ITS LAC LEVAC PROPERTY
Montreal, Quebec - January 24, 2008 - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to report that Hole 40-07 drilled last fall on its Lac Levac property has returned an intersection of 2.64 g/t platinum (Pt) over 3.5 metres, including 16.88 g/t of Pt over 0.5 m. The Lac Levac property is wholly-owned by Golden Goose and lies in the James Bay area of northern Quebec.
Hole 40-07 was drilled on the main area of the NISK-1* anomaly. Detailed assay results are as follows:
|
Hole |
From |
To |
Length |
Ni |
Cu |
Co |
Pt |
Pd |
|
# |
(m) |
(m) |
(m) |
% |
% |
% |
(g/t) |
(g/t) |
|
40-07 |
243.5 |
247.0 |
3.5 |
0.70 |
0.21 |
0.04 |
2.64 |
1.59 |
|
Including : |
246.5 |
247.0 |
0.5 |
0.87 |
0.17 |
0.05 |
16.88 |
0.61 |
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.
"While up until now we have considered the Lac Levac property primarily as a nickel play, this exceptional result is leading us to take a fresh look at the property in terms of its platinum potential," said Jean-Marc Lacoste, President of Golden Goose.
The Company is also analyzing the palladium (Pd) mineralization of the eastern extension of the NISK-1 anomaly. While palladium grades in the main section of the anomaly generally average about 0.8 g/t, results for the eastern extension are showing an average of 2.19 g/t Pd. The best result to date is in Hole 47-07, which returned an intersection of 3.24 g/t Pd over 8.0 metres, including a section of 3.44 g/t of Pt over 1.5 metres. Detailed results for Hole 47-07 are as follows:
|
Hole |
From |
To |
Length |
Ni |
Cu |
Co |
Pt |
Pd |
|
# |
(m) |
(m) |
(m) |
% |
% |
% |
(g/t) |
(g/t) |
|
47-07 |
153.70 |
161.70 |
8.00 |
1.03 |
0.72 |
0.05 |
0.91 |
3.24 |
|
Including: |
159.70 |
161.20 |
1.50 |
1.04 |
1.28 |
0.05 |
3.44 |
5.39 |
Additional results from the fall drilling program are being compiled and will be released in the next few days.
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.
* 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, 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. |