Golden Goose Extends Lac Levac Strike Length to 750 Metres
with Multiple Hits of Over 1% Nickel
Montreal, Quebec - February 13, 2008 - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to report that it has received the results for the final six holes of its 2007 drilling program at Lac Levac. These results include multiple intersection grading over 1% nickel from the newly-discovered eastern extension of the NISK-1 anomaly*, which has now been traced along a strike length of 750 metres. The Lac Levac property is wholly-owned by Golden Goose and lies 216 km north of Chibougamau in the James Bay area of northern Quebec.
"The eastern extension is continuing to generate strong results," noted Jean-Marc Lacoste, President of Golden Goose. "Of particular interest is Hole 46-07, the deepest hole drilled on that area in 2007, which intersected 11.0 metres of 1.04% nickel. This strengthens our conviction that the depth extension of the NISK-1 anomaly is a high-potential target."
The NISK-1 anomaly remains open a
t depth and along strike in both directions. Definition drilling on both the main area and the eastern extension has resumed following the Christmas break, as part of the 2008 drilling program of about 10,000 metres.
The latest and final results for the 2007 drilling program are as follows. Previously-reported results are also shown below for reference:
|
Hole |
From |
To |
Length |
Ni |
Cu |
Co |
Pt |
Pd |
|
|
# |
(m) |
(m) |
(m) |
% |
% |
% |
(g/t) |
(g/t) |
|
|
Main area (drilling recommended in July 2007 43-101 report) |
|
|
24-07 |
120.20 |
130.70 |
10.50 |
0.92 |
0.48 |
0.07 |
0.02 |
0.49 |
|
52-07 |
351.00 |
355.00 |
4.00 |
1.03 |
0.41 |
0.08 |
0.06 |
0.47 |
|
Eastern extension (newly discovered) |
|
16-07 |
240.30 |
244.30 |
4.00 |
0.85 |
0.29 |
0.05 |
0.04 |
0.54 |
|
17-07 |
141.30 |
144.30 |
2.00 |
0.43 |
0.02 |
0.02 |
0.01 |
0.09 |
|
46-07 |
261.50 |
272.50 |
11.00 |
1.04 |
1.09 |
0.06 |
0.27 |
0.64 |
|
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 |
|
Holes 49-07 and 50-07 intersected minor mineralization (less than 2 m thickness at a cutoff grade of 0.4% Ni).
Holes 33-08 and 51-08 will be drilled in 2008. |
Previously-disclosed results:
|
Fall 2007 Program |
|
Hole |
From |
To |
Length |
Ni |
Cu |
Co |
Pt |
Pd |
|
# |
(m) |
(m) |
(m) |
% |
% |
% |
(g/t) |
(g/t) |
|
Main area (drilling recommended in July 2007 43-101 report) |
|
19-07 |
284.50 |
286.50 |
2.00 |
0.45 |
0.11 |
0.02 |
0.04 |
0.32 |
|
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 |
|
25-07 |
227.50 |
246.00 |
18.50 |
1.22 |
0.63 |
0.07 |
0.20 |
1.37 |
|
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 |
|
28b-07 |
340.00 |
342.00 |
2.00 |
0.41 |
0.19 |
0.01 |
0.04 |
0.22 |
|
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 |
|
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 |
|
39-07 |
58.50 |
61.00 |
2.50 |
0.77 |
0.38 |
0.04 |
0.20 |
2.67 |
|
40-07 |
243.50 |
247.00 |
3.50 |
0.70 |
0.21 |
0.04 |
2.64 |
1.59 |
|
41-07 |
121.00 |
133.50 |
12.50 |
0.56 |
0.43 |
0.03 |
0.14 |
0.85 |
|
42-07 |
238.00 |
240.50 |
2.50 |
0.76 |
0.32 |
0.05 |
0.17 |
0.49 |
|
43-071 |
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 |
|
45-07 |
183.10 |
186.10 |
3.00 |
0.81 |
0.81 |
0.05 |
0.30 |
1.27 |
|
47-07 |
153.70 |
161.70 |
8.00 |
1.03 |
0.72 |
0.05 |
0.91 |
3.24 |
|
Holes 19-07, 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. |
|
Eastern extension (newly discovered) |
|
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 |
|
Hole 44-07 intersected minor mineralization (less than 2 m thickness at a cutoff grade of 0.4% Ni). |
|
Holes 18-07, 20-07 and 21-07 showed no significant mineralization. |
|
Spring 2007 program |
|
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 |
|
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.
Hole 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.
A map of the Lac Levac property showing the best drill results to date can be found at: http://www.goldengooseres.com/pages/en/levac_results_07
The 2007 drill data is being 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.
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
w
WW.GOLDENGOOSERES.COM
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Golden Goose est une société d’exploration minière d'or basée au Canada. Golden Goose est cotée au Canada. Sa capitalisation boursière aujourd'hui est 19,6 millions CA$ (19,5 millions US$, 14,5 millions €). La valeur de son action a atteint son plus bas niveau récent le 29 décembre 2000 à 0,04 CA$, et son plus haut niveau récent le 31 décembre 2007 à 1,25 CA$. Golden Goose possède 51 562 000 actions en circulation. |