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Golden Goose Resources Inc.

Publié le 29 janvier 2008

Hits 18.5 Metres of 1.22% Nickel at its Lac Levac Property

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Mots clés associés :   Cobalt | Copper | Nickel | Palladium |

Golden Goose Hits 18.5 Metres of 1.22% Nickel at its Lac Levac Property

Montreal, Quebec - January 29, 2008 - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to report additional results from fall drilling at its wholly-owned Lac Levac nickel property in the James Bay area, 216 km north of Chibougamau in northern Quebec. The latest assays are among the final results from the 7,150-metre fall program recommended in the 43-101 report dated July 2007. Completed in December 2007, this program primarily targeted the NISK-1 anomaly* and its newly-discovered eastern extension.

"These new results are very encouraging," said Jean-Marc Lacoste, President of Golden Goose. "Hole 25-07 returned the widest intercept seen for the zone to date, and Hole 32-07 cut mineralization that extends right up to surface."

"Based on the initial four holes drilled on the eastern extension, this newly-identified area appears to contain similar nickel grades to the main area, with higher and more significant platinum and palladium mineralization," he added. 

The new results are as follows, with previously-reported results shown below for reference:
(True width not yet determined)

Hole

From

To

Length

Ni

Cu

Co

Pt

Pd

#

(m)

(m)

(m)

%

%

%

(g/t)

(g/t)

Main area (in-fill drilling recommended in July 2007 43-101 report)

25-07

227.50

246.00

18.50

1.22

0.63

0.07

0.20

1.37

32-07

16.50

18.20

1.70

0.74

0.25

0.04

0.24

0.12

And

23.70

25.70

2.00

1.60

1.59

0.09

0.47

0.30

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

19-07, 23-07 , 27-07 and 28b-07 showed minor mineralization (less than 2m thick using a cut-off grade of 0.4% Ni)

Assays for holes 16-07, 17-07 and 24-07 drilled on the main area are still pending.

Eastern extension (newly discovered)

39-07

58.50

61.00

2.50

0.77

0.38

0.04

0.20

2.67

43-07

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

44-07 showed minor mineralization (less than 2m thick using a cut-off grade of 0.4% Ni)

Results for holes 46-07, 48-07 to 50-07 and 52-07 drilled on the eastern extension are still pending

 

33-08 and 51-08 are to be drilled in 2008

 

Previously-disclosed results:

 

 

 

 

 

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

18-07, 20-07, 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

 

01-07, 02-07, 03-07 were drilled on the "C" anomaly and showed no significant mineralization

11-07 and 14-07 were 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.

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 fall 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. 

Meanwhile, the Company plans to continue delineating and upgrading the NISK-1 resource. "The 2008 drilling program, which will total about 10,000 metres, is still being finalized and will get underway next week," confirmed Mr. Lacoste. "We have not yet tested the extension of the NISK-1 mineralization at depth, which we consider to be a very high-potential target."

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
WWW.GOLDENGOOSERES.COM

Golden Goose Resources Inc.

CODE : GGR.V
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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.

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Rapports annuels de Golden Goose Resources Inc.
Reports 2007 Annual Results
Annual Report 2007
Financements de Golden Goose Resources Inc.
17/12/2007Closes Private Placement Financing With the Mineralfields Gr...
04/09/2007$1,200,000 Private Placement - Issuance of Flow-Through Comm...
Attributions d'options de Golden Goose Resources Inc.
06/03/2008Announce of the Grant of Stock Options
05/06/2007Annual Meeting Of Shareholders And Grant Of Stock Options
09/05/2007Announces The Grant Of Stock Options
Nominations de Golden Goose Resources Inc.
29/10/2007 Appoints Kevin Ramsay as Director
Rapports Financiers de Golden Goose Resources Inc.
26/08/2008Reports its Financial Results for the Second Quarter of 2008
27/05/2008Reports its Financial Results for the First Quarter
22/11/2007 Reports Its Financial Results For The Third Quarter
29/08/2007reports its financial results for the second quarter
24/05/2007Reports Its Financial Results For The First Quarter
Projets de Golden Goose Resources Inc.
12/08/2009(Lac Levac)signs option to sell its Lac Levac nickel property
29/07/2009(Lac Levac)files metalurgy report for its Lac Levac nickel deposit
22/07/2009(Montauban)sells its Montauban properties
03/09/2008(Lac Levac)Doubles its Lac Levac Land Position to 200 Km(2)
29/05/2008Reports a New 43-101 Resource Estimate for its Magino Gold P...
15/05/2008(Magino)Hits 5.25 g/t of Gold Over 13.4 Metres at its Magino Gold Pr...
07/05/2008(Lac Levac)Reports a 43-101 Nickel Resource at its Lac Levac Property
16/04/2008(Lac Levac)Nickel Results Confirm Depth Extension of Deposit at its Lac...
11/04/2008(Lac Levac)hits multiple high nickel, copper and palladium grades at La...
08/04/2008(Magino)Infill Drilling at Golden Goose?s Magino Gold Property Conti...
13/02/2008(Lac Levac)Extends Lac Levac Strike Length to 750 Metres with Multiple ...
29/01/2008(Lac Levac) Hits 18.5 Metres of 1.22% Nickel at its Lac Levac Property
24/01/2008(Lac Levac) Hits 16.88 G/T Platinum Over 0.50 Metres in a 3.5-Metre Zon...
18/12/2007(Lac Levac)Completes 7,150-Metre Fall Drilling Program on its Lac Levac...
14/12/2007(Magino)Completes Phase I of Drilling on its Magino Gold Property
20/11/2007(Magino) Reports More Gold With 16.59 g/t Over 5.40 Meters
14/11/2007(Magino)Hits 36 Meters of 4.11 Grams of Gold per Tonne
22/10/2007(Lac Levac)Begins 6,000 Metre Drilling Program at its Lac Levac Nickel ...
14/09/2007(Lac Levac)Gives the Green Light to an Additional 6,000 Metres of Drill...
31/07/2007(Magino)Reports Multiple Gold Intersections From Magino Drill Progra...
12/07/2007(Lac Levac)Lac Levac Property NI 43-101 resources estimate with
17/05/2007announces New Nickel drilling results on its Lac Levac Prope...
04/05/2007(Lac Levac)intersects new 1.07% nickel over 4.0 metres at its Lac Levac...
20/04/2007(Lac Levac)intersects 17.5 metres grading 1.48% nickel at its Lac Levac...
09/03/2007 Magino Drilling Discovers New High-Grade Gold Zone
Communiqués de Presse de Golden Goose Resources Inc.
06/06/2008Grove resumes production
04/06/2008Power Supply Interruption at Golden Grove
04/03/2008Gives Sgs Lakefield The Go-Ahead for Lac Levac Metallurgical...
30/11/2007Geophysical Survey Identifies New Lateral Extension of 400 M...
06/11/2007Company Execs Online Interview
25/09/2007Graduates to Tier 1 on TSX Venture Exchange
07/08/2007V-P Exploration Joins Golden Goose Resources Inc.
14/06/2007Resignation Of A Director
11/05/2007Pinetree Capital Ltd. acquires common shares of Golden Goose...
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