Golden Goose Resources Inc. intersects new 1.07% nickel over 4.0 metres at its Lac Levac Property.
Montreal, Quebec - May 4, 2007 - Golden Goose Resources Inc. (TSX Venture: GGR) is pleased to announce that it has intersected new sections of significant nickel mineralization in drilling at its Lac Levac nickel property, located in the James Bay region, 40 kilometres northeast of Nemiscau, Quebec. The four holes reported below define a strike length in excess of 270 metres coincident with the geophysical anomaly. Intersections include a 4 metre interval grading 1.07% nickel with values in copper, platinum and palladium as well. All intervals reported below are core lengths. The true widths have not yet been determined.
The results are as follows (italicized holes were previously reported):
Drill Hole |
From (m) |
To (m) |
Length (m) |
Ni % |
Cu % |
Pt (g/t) |
Pd (g/t) |
TF-04-07 |
125.4 |
132.4 |
7.0 |
1.05 |
0.49 |
0.20 |
1.53 |
TF-05-07 |
187.0 |
190.0 |
3.0 |
1.36 |
0.52 |
0.44 |
1.03 |
AND
|
192.0 |
209.5 |
17.5 |
1.48 |
0.42 |
0.26 |
1.1 |
TF-07-07 |
106.7 |
108.7 |
2.0 |
1.17 |
0.28 |
0.23 |
0.94 |
TF-06-07 |
154.5 |
156.0 |
1.5 |
1.08 |
0.35 |
0.09 |
0.79 |
TF-08-07 |
129.0 |
133.0 |
4.0 |
1.07 |
0.31 |
0.04 |
0.76 |
AND
|
118.0 |
121.0 |
3.0 |
0.63 |
0.11 |
0.08 |
0.25 |
The mineralized zones are composed of massive to disseminated sulphide in an ultramafic rock identified as a serpentinitized peridotite. The property had not seen significant exploration since the mid 1980s when Muscocho Mines drilled the property and in the 1960s when Inco conducted a drilling program which returned values as high as of 0.8% Ni, 0.5% Cu and 2g/t platinum group metals over 16.2 metres.
Golden Goose completed drilling in the area and is waiting for more results in the coming weeks. RSW Inc. has been retained to make a 43-101 resource estimate report for the end of this quarter.
The Golden Goose land position at Lac Levac now exceeds 10,000 hectares in the area. Planning has begun for the next work program which will include more geophysical work and most probably another drill campaign.
Analyses were done by Accurassay Laboratories, Thunder Bay, Ontario. The Lac Levac exploration program is supervised by Marc-Antoine Beaupr�, Eng. and Qualified Person as defined under NI-43-101 guidelines.
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
President
1 Place Ville Marie, Suite 2821
Mtl , Qc , H3B 4R4
Phone: 1-888-928-4667
Fax: 1-888-494-5371
website: www.goldengooseres.com
RSW Inc.
Marc Antoine Beaupr�
Eng.
1010 De La Gaucheti�re, #500
Mtl , Qc, H3B OA1
Phone: 514-878-2621
Fax : 514-397-0085
web site: www.rswinc.com
Renmark Financial Communications Inc.
Barry Mire: bmire@renmarkfinancial.com
Barbara Komorowski: BKOMOROWSKI@RENMARKFINANCIAL.COM
MEDIA - VANESSA NAPOLI: VNAPOLI@RENMARKFINANCIAL.COM
TEL : (514) 939-3989
FAX : (514) 939-3717
WWW.RENMARKFINANCIAL.COM
|
Golden Goose Resources Inc.
|
|
|
CODE : GGR.V |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
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. |