Infill Drilling at Golden Goose's Magino Gold Property
Continues to Generate Impressive Results
Montreal, Quebec, April 8th, 2008 - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to report new results from the recently-completed, 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.
The latest results are for Hole 07-27, which targeted the east side of the Main Area and intersected several gold-bearing structures. Intersections included 57.80 g/t Au over 0.7 m and 15.57 g/t Au over 0.7 m. The full results for Hole 07-27 are shown in the table below. ("True width" not yet determined)
Golden Goose has drilled seventeen holes (06-16 to 07-30) totalling 10,608m on the Magino property since the beginning of 2007. Most of the results have already been disclosed (see press release dated December 13th, 2007). 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 drilling program was originally designed to outline and extend the multiple known high-grade gold zones from 150 to 400 m below surface, under the historical Magino Mine workings. The program was successful in locating down-dip extension of the mined zones, and was subsequently extended to the entire granodiorite sill. Thus far, some 40 separate mineralised zones have been identified, all of which remain open at depth and along strike.
A 43-101 resource calculation is presently underway and will be released in the coming weeks.
The Company is presently reviewing the results of drilling to date and considering further drilling with the goal of upgrading and increasing the resource on the property.
Magino Mine Surface Drill Results - Hole 07-27
|
Project |
Drill hole |
Zone |
From (m) |
To (m) |
Length (m) |
Au g/t |
|
|
MAGINO |
07-27 |
|
241 |
246.5 |
5.5 |
7.95 |
free gold |
|
|
|
including |
241.8 |
242.5 |
0.7 |
57.80 |
|
|
|
|
|
|
|
|
|
|
|
|
|
And |
326 |
327 |
1 |
9.14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
And |
500 |
501.3 |
1.3 |
3.38 |
|
|
|
|
|
|
|
|
|
|
|
|
|
And |
525 |
527 |
2 |
5.39 |
|
|
|
|
including |
525 |
526 |
1 |
10.21 |
|
|
|
|
And |
634 |
636.2 |
2.2 |
4.38 |
|
|
|
|
including |
634 |
635 |
1 |
8.58 |
|
|
|
|
And |
639 |
641 |
2 |
6.89 |
|
|
|
|
including |
639 |
639.7 |
0.7 |
15.57 |
|
|
|
|
And |
674 |
678.1 |
4.1 |
4.65 |
|
|
|
|
including |
674 |
675 |
1 |
11.67 |
|
|
|
|
'' |
677 |
678.1 |
1.1 |
6.58 |
|
|
|
|
And |
725.6 |
728 |
2.4 |
1.09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
And |
788 |
792 |
4 |
1.21 |
|
|
|
|
including |
788 |
789 |
1 |
4.58 |
|
|
|
|
'' |
791 |
792 |
1 |
10.76 |
free gold |
|
|
|
|
|
|
|
|
|
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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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. |