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Golden Goose Resources Inc.

Publié le 12 juillet 2007

Lac Levac Property NI 43-101 resources estimate with

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Mots clés associés :   Cobalt | Copper | Nickel |

Golden Goose Resources Inc. releases its first
Lac Levac Property NI 43-101 resources estimate with Nickel, Copper, Cobalt and PGM.

Montreal, Quebec - July 12, 2007 - Golden Goose Resources Inc. (TSX Venture: GGR) is pleased to announce the release of a first NI 43-101 resource estimate on its Lac Levac Nickel property, located in the James Bay region, 40 kilometres northeast of Nemiscau, Quebec.

The estimate has Indicated resources of 516,000 tonnes (t), and additional Inferred resources of 734,000 t, both grading 0.89% Ni.


Jean-Marc Lacoste, President, said, "We are excited by these results and resource estimate, which demonstrate the potential to increase the economics of this property. The mineralized zone is opened at depth under 200 meters and toward the East with multiple targets still unexplored. We are confident that we can increase the resources of the project with additional drilling."

The Lac Levac mineralized zone is part of a 4 km long by 300 m wide geophysical magnetic anomaly. The sulphide mineralization is associated with a serpentinized peridotite. The sulphides occur as massive, semi-massive (between 20 and 60% sulphides) and disseminated (less than 20% sulphides) mineralization. The main sulphides are pyrrhotite, chalcopyrite, pyrite and pentlandite. This mineralization was encountered by drilling for a distance of 450 m inside the ultramafic body. The zone of sulphide mineralization remains open at depth and along strike. The holes drilled intercepted the mineralized zone between 60 m and 210 m in depth. The Nickel-Copper-PGM mineralization is oriented 070N with a steep dip to the North West.

The estimate is based on the 2007 Winter drill program and the validation of previous drill holes realized by Inco (1960's) and Muscocho (1988). The indicated and inferred resource was calculated by the section method. The mineralization is presumed to be continuous along the main alignment (N070). For the purpose of the NI 43-101 report, 22 drill hole results, located on 10 adjoining sections, were used to make the resource estimation.

The NI 43-101 compliant report and resource estimate were done by RSW Inc. (Montreal, QC) who also provided technical oversight for the project. The report will be filed on Sedar by the end of July. 

Given the positive results of the winter 2007 drilling program, additional work is recommended by RSW Inc. on the Lac Levac property. The goals of the next drilling program will be:

  • To upgrade the indicated and inferred resources to the measured category by tightening the drill grid.
  • To increase the resource by drilling additional and deeper holes. 
  • To explore other targets on the property.

A new exploration program with a budget of $1,474,000 is recommended to achieve these goals.

The construction of a road to the Lac Levac property was just completed to facilitate access for the additional drilling campaigns. Pictures are now available on the website at: www.goldengooseres.com  


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.

Golden Goose Resources Inc.  
Jean-Marc Lacoste
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�
1010 De La Gaucheti�re, #500
Mtl , Qc,  H3B OA1
Phone: 514-878-2621
Fax : 514-397-0085
web site: www.rswinc.com  
Qualified person Under NI 43-101
Renmark Financial Communications Inc.
Barry Mire: bmire@renmarkfinancial.com
Barbara Komorowski: bkomorowski@renmarkfinancial.com
Media - Vanessa Napoli: vnapoli@renmarkfinancial.com
Tel : (514) 939-3989
Fax : (514) 939-3717

Golden Goose Resources Inc.

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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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