Golden Goose Hits 5.25 g/t of Gold Over 13.4 Metres at its Magino Gold Property
Montreal, Quebec, May 15, 2008 - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") has received the assay results for the two final holes of the 10,608-metre infill drilling program on its wholly-owned Magino Mine property, located 1.5 km southwest of the Richmont/Patricia Island Gold Mine, near Wawa, Ontario.
Holes 07-29 and 07-30 are the last of seventeen holes drilled since the beginning of 2007 (see press releases dated December 13, 2007 and April 8, 2008 for the results of the other holes). Like the other holes, 07-29 and 07-30 intersected numerous gold-bearing zones. The best results include 6.18 g/t Au over 3.4 m in Hole 07-29, and 5.25 g/t Au over 13.4 m, 4.55 g/t Au over 6.4 m and 5.83 g/t Au over 5.2 m in Hole 07-30. Full results for the two holes are shown in the table below (true cut not yet determined).
Originally designed to test the multiple high-grade gold zones of the Magino Mine below the mine workings, the drilling program was so successful that it was eventually extended to the entire granodiorite sill. Some 40 separate mineralised zones have been identified to date, all still open at depth and along strike. A map showing the best results to date can be seen on the Company's website at:
http://www.goldengooseres.com/pages/en/results_12_07
The latest results will be the last to be included in a new 43-101 resource calculation now being carried out by Innovexplo, a consulting firm based in Val-d'Or, Quebec. The last resource estimate was dated April 2004 and showed a measured and indicated resource of 7.2 million tonnes grading 2.33 g/t Au (or 586,000 ounces). The new estimate will be in addition to the 2004 resource and is expected to be released shortly.
Magino Mine Surface Drill Results - Holes 07-29 and 07-30
|
Hole # |
From (m) |
To (m) |
Length (m) |
Au g/t |
|
07-29 |
225 |
230.15 |
5.15 |
1.55 |
|
including |
225 |
226 |
1 |
2.38 |
|
including |
229.75 |
230.15 |
0.4 |
9.24 |
|
and |
238 |
239.5 |
1.5 |
4.03 |
|
including |
239 |
239.5 |
0.5 |
11.03 |
|
and |
286 |
288.62 |
2.62 |
1.57 |
|
and |
291 |
301.5 |
10.5 |
0.91 |
|
including |
291 |
292 |
1 |
3.60 |
|
and |
539 |
544 |
5 |
0.57 |
|
and |
599 |
601.3 |
2.3 |
1.61 |
|
and |
613 |
616.4 |
3.4 |
6.18 |
|
including |
614 |
615 |
1 |
19.57 |
|
and |
647 |
650 |
3 |
2.32 |
|
including |
648 |
649 |
1 |
4.52 |
|
and |
671 |
673 |
2 |
11.71 |
|
including |
671 |
671.5 |
0.5 |
46.59 |
|
and |
681.66 |
683.2 |
1.54 |
3.86 |
|
including |
682.5 |
683.2 |
0.7 |
8.44 |
|
and |
731.9 |
733.2 |
1.3 |
2.83 |
|
and |
773 |
780.25 |
7.25 |
2.68 |
|
including |
773 |
774 |
1 |
7.79 |
|
including |
774 |
775 |
1 |
8.54 |
|
|
|
|
|
|
|
07-30 |
137 |
142 |
5 |
3.10 |
|
including |
137 |
138 |
1 |
5.08 |
|
including |
138 |
139 |
1 |
3.33 |
|
including |
139 |
140 |
1 |
5.46 |
|
and |
146.6 |
160 |
13.4 |
5.25 |
|
including |
146.6 |
147.4 |
0.8 |
49.83 |
|
including |
153 |
154 |
1 |
10.54 |
|
including |
154 |
155 |
1 |
5.24 |
|
including |
159 |
160 |
1 |
9.71 |
|
and |
162 |
166 |
4 |
4.31 |
|
including |
163 |
164 |
1 |
12.12 |
|
and |
171.3 |
178 |
6.7 |
1.15 |
|
including |
171.3 |
172 |
1.3 |
3.09 |
|
and |
182.6 |
189 |
6.4 |
4.55 |
|
including |
182.6 |
183.6 |
1 |
4.37 |
|
including |
183.6 |
184.8 |
1.2 |
3.19 |
|
including |
184.8 |
185.5 |
0.7 |
21.20 |
|
including |
187 |
188 |
1 |
4.30 |
|
and |
218 |
226 |
8 |
1.61 |
|
and |
231 |
234 |
3 |
1.47 |
|
and |
247.8 |
254 |
6.2 |
2.41 |
|
including |
247.8 |
249 |
1.2 |
3.84 |
|
including |
250 |
251 |
1 |
3.44 |
|
including |
253.08 |
254 |
0.92 |
4.31 |
|
and |
266.4 |
271 |
4.6 |
5.18 |
|
including |
267 |
268 |
1 |
3.21 |
|
including |
268 |
269 |
1 |
6.45 |
|
including |
270 |
271 |
1 |
12.42 |
|
and |
290 |
291 |
1 |
4.56 |
|
and |
444 |
457 |
13 |
2.29 |
|
including |
444 |
445 |
1 |
23.17 |
|
and |
473.5 |
475 |
1.5 |
3.10 |
|
including |
473.5 |
474 |
0.5 |
8.87 |
|
and |
505 |
513 |
8 |
12.22 |
|
including |
508 |
509 |
1 |
10.11 |
|
including |
512 |
513 |
1 |
85.06 |
|
and |
539.3 |
544.5 |
5.2 |
5.83 |
|
including |
539.3 |
540 |
0.7 |
6.95 |
|
including |
540 |
541 |
1 |
20.74 |
|
including |
544 |
544.5 |
0.5 |
3.56 |
|
and |
552.85 |
556.8 |
3.95 |
1.65 |
|
including |
552 |
552.85 |
0.85 |
7.73 |
|
including |
555.8 |
556.8 |
1 |
6.20 |
|
and |
560 |
566 |
6 |
4.02 |
|
including |
562.95 |
564 |
1.05 |
18.16 |
|
and |
575.8 |
578.5 |
2.7 |
5.01 |
|
including |
577 |
578 |
1 |
12.30 |
Samples were transported directly to the Accurassays laboratories in Thunder Bay, Ontario and assayed using standard fire assay methods. The information contained in this news release has been reviewed and approved by Gilles Provost, M.Sc.A., P.Geo., and a Qualified Person as defined by NI 43-101.
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, platinum group metals, and nickel 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
GILLES PROVOST M.SC. A.. P. GEOL.
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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