Golden Goose Resources Inc. intersects 17.5 metres grading 1.48% nickel at its Lac Levac Property and stakes 92 additional claims.
Montreal, QC - April 20, 2007 - Golden Goose Resources Inc. (TSX Venture: GGR) is pleased to announce that it has encountered significant nickel mineralization in three holes at its Lac Levac nickel property, located in the James Bay region, 40 kilometres northeast of Nemiscau, Quebec, including an intercept of 17.5 metres grading 1.48% nickel along with significant copper, platinum and palladium mineralization. The interval widths given are the core lengths. The true widths of mineralized intervals have not yet been determined.
The results are as follows:
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 |
The drill holes 04 to 07 are separated by about 180m along the geophysical anomaly.
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 plans to continue drilling in the area throughout the spring months, with up to 8 additional holes on the property.
To secure its land position in the area, Golden Goose staked a further 92 claims covering 5,000 hectares, bringing its land position to well over 10,000 hectares in the area.
The first three holes (TF-01-07, TF-02-07, and TF-03-07) were drilled on separate anomalies on other parts of the property and encountered minor nickel mineralization.
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, Suite2821
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 0A1
Phone: 514-878-2621
Fax : 514-397-0085
web site: www.rswinc.com
RENMARK FINANCIAL COMMUNICATIONS INC.
BARRY MIRE : BMIRE@RENMARKFINANCIAL.COM
CHRISTINA LALLI : CLALLI@RENMARKFINANCIAL.COM
MEDIA - VANESSA NAPOLI : VNAPOLI@RENMARKFINANCIAL.COM
TEL. : (514) 939-3989
FAX : (514) 939-3717
WWW.RENMARKFINANCIAL.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. |