Golden Goose Nickel Results Confirm Depth Extension of Deposit at its Lac Levac Property
Montreal, Quebec - April 16th, 2008 - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is reporting additional results from the 2008 winter drilling program at its Lac Levac nickel project. The property, which is accessible by road and less than 4 km from Hydro-Quebec's Albanel substation, is wholly-owned by Golden Goose and lies 35 km east from the Nemiscau airport and 216 km north of Chibougamau in the James Bay area of northern Quebec.
The Lac Levac mineralized zone is part of a 4 km long by 300 m wide magnetic geophysical anomaly. The mineralized zone is composed of massive to disseminated sulphides in an ultramafic rock identified as a serpentinized peridotite.
Highlights of the latest drill results include 5.5 metres of 1.22% nickel and 0.75% copper in Hole 53-08 and 6.5 metres of 1.02% nickel and 0.77% copper at a true vertical depth of 330 metres in Hole 57-08, both in the eastern extension.
"
These additional results complete the data required to update our resource estimate for the NISK-1 anomaly," said Jean-Marc Lacoste, President of Golden Goose. "The Fall 2007 and Winter 2008 drilling returned very exciting results in terms of grade and zone continuity, and we are looking forward to seeing how this reflects in the new 43-101 estimate, due out in the next couple of weeks. Combined with metallurgical testing currently underway, the resource estimate should provide us with a good roadmap for exploration of the Lac Levac project in the coming months."
Complete results for the latest holes are as follows:
|
Winter 2008 Program |
|
Hole |
From |
To |
Length |
Ni |
Cu |
Co |
Pt |
Pd |
|
# |
(m) |
(m) |
(m) |
% |
% |
% |
(g/t) |
(g/t) |
|
Eastern extension (discovered Fall 2007) |
|
53-08 |
29.70 |
35.20 |
5.50 |
1.22 |
0.75 |
0.09 |
0.02 |
0.32 |
|
including |
32.20 |
34.20 |
2.00 |
1.60 |
0.63 |
0.11 |
0.04 |
0.24 |
|
And |
39.20 |
41.70 |
2.50 |
0.67 |
0.32 |
0.06 |
0.03 |
0.87 |
|
And |
46.70 |
48.70 |
2.00 |
0.43 |
0.22 |
0.04 |
0.03 |
0.26 |
|
57-08 |
363.30 |
369.80 |
6.50 |
1.02 |
0.77 |
0.06 |
0.26 |
1.09 |
|
59-08 |
54.00 |
56.50 |
2.50 |
0.78 |
0.55 |
0.06 |
0.09 |
0.46 |
|
Holes 51-08, 64-08 and 65-08 intersected minor mineralization (less than 2 m thickness at a cutoff grade of 0.4% Ni).
Hole 63-08 does not exist.
Hole 55-08 did not reach the target: drilling was stopped due to poor ground conditions. |
|
Main area (drilling recommended in the July 2007 43-101 report) |
|
58-08 |
304.80 |
306.80 |
2.00 |
1.68 |
0.48 |
0.10 |
0.05 |
1.69 |
|
And |
311.80 |
313.80 |
2.00 |
0.96 |
0.70 |
0.09 |
0.08 |
0.48 |
|
And |
320.30 |
324.8 |
4.50 |
0.80 |
0.47 |
0.05 |
0.22 |
0.86 |
|
67-08 |
345.00 |
349.50 |
4.50 |
0.88 |
0.33 |
0.07 |
0.34 |
1.33 |
|
Including |
345.00 |
347.00 |
2.00 |
1.28 |
0.56 |
0.10 |
0.48 |
2.17 |
|
Western extension (Identified by a ground geophysical survey done in February 2008) |
|
Holes 68-08 and 69-08 showed no significant mineralization. |
Previously-disclosed drill results for the NISK-1 anomaly, Main area and Eastern extension:
|
Hole |
From |
To |
Length |
Ni |
Cu |
Co |
Pt |
Pd |
|
# |
(m) |
(m) |
(m) |
% |
% |
% |
(g/t) |
(g/t) |
|
Eastern extension (discovered fall 2007) |
|
16-07 |
240.30 |
244.30 |
4.00 |
0.85 |
0.29 |
0.05 |
0.04 |
0.54 |
|
17-07 |
141.30 |
143.30 |
2.00 |
0.41 |
0.16 |
0.02 |
0.01 |
0.07 |
|
33-08 |
28.50 |
32.00 |
3.50 |
0.63 |
1.84 |
0.05 |
0.07 |
1.18 |
|
Including |
28.50 |
30.00 |
1.50 |
0.51 |
3.24 |
0.05 |
0.12 |
2.50 |
|
Including |
30.50 |
31.50 |
1.00 |
1.10 |
0.91 |
0.09 |
0.03 |
0.24 |
|
And |
47.50 |
50.50 |
3.00 |
1.43 |
0.30 |
0.10 |
0.27 |
1.84 |
|
Including |
47.50 |
48.50 |
1.00 |
2.04 |
0.27 |
0.15 |
0.46 |
2.52 |
|
39-07 |
58.50 |
61.00 |
2.50 |
0.77 |
0.38 |
0.04 |
0.20 |
2.67 |
|
43-071 |
233.50 |
243.50 |
10.00 |
0.65 |
0.75 |
0.03 |
0.04 |
0.29 |
|
Including |
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 |
|
46-07 |
261.50 |
272.50 |
11.00 |
1.04 |
1.09 |
0.06 |
0.27 |
0.64 |
|
47-07 |
153.70 |
161.70 |
8.00 |
1.03 |
0.72 |
0.05 |
0.91 |
3.24 |
|
48-07 |
118.00 |
121.00 |
3.00 |
1.26 |
0.36 |
0.08 |
0.13 |
0.49 |
|
And |
140.50 |
143.50 |
3.00 |
0.55 |
0.08 |
0.04 |
0.05 |
0.38 |
|
54-08 |
220.00 |
222.00 |
2.00 |
1.00 |
0.35 |
0.05 |
0.05 |
1.40 |
|
Including |
220.00 |
221.00 |
1.00 |
1.77 |
0.26 |
0.09 |
0.10 |
2.63 |
|
56-08 |
320.00 |
325.00 |
5.00 |
1.94 |
0.86 |
0.16 |
0.56 |
3.39 |
|
Including |
320.00 |
322.00 |
2.00 |
2.30 |
0.75 |
0.15 |
0.35 |
3.30 |
|
And |
338.00 |
341.50 |
3.50 |
0.94 |
1.54 |
0.06 |
0.00 |
0.91 |
|
Including |
340.50 |
341.50 |
1.00 |
0.84 |
3.09 |
0.07 |
0.00 |
1.32 |
|
60-08 |
45.70 |
47.70 |
2.00 |
1.72 |
0.16 |
0.10 |
0.05 |
1.26 |
|
Including |
46.20 |
47.70 |
1.50 |
2.20 |
0.21 |
0.13 |
0.07 |
1.68 |
|
And |
52.70 |
54.70 |
2.00 |
1.26 |
0.77 |
0.07 |
0.08 |
0.69 |
|
Including |
52.70 |
53.70 |
1.00 |
1.44 |
1.31 |
0.08 |
0.07 |
0.79 |
|
61-08 |
101.00 |
106.00 |
5.00 |
1.00 |
1.34 |
0.08 |
0.23 |
1.38 |
|
Including |
101.00 |
102.00 |
1.00 |
0.61 |
4.44 |
0.04 |
0.06 |
2.64 |
|
Including |
102.50 |
103.50 |
1.00 |
1.99 |
0.29 |
0.14 |
0.05 |
1.30 |
|
62-08 |
63.00 |
69.00 |
6.00 |
1.06 |
0.60 |
0.07 |
0.16 |
1.81 |
|
Including |
63.00 |
64.00 |
1.00 |
1.24 |
0.48 |
0.09 |
0.13 |
0.88 |
|
Including |
66.00 |
67.50 |
1.50 |
1.41 |
0.64 |
0.09 |
0.02 |
1.84 |
|
66-08 |
43.00 |
45.00 |
2.00 |
0.79 |
0.12 |
0.06 |
0.01 |
0.67 |
|
Holes 44-07, 49-07 and 50-07 intersected minor mineralization (less than 2 m thickness at a cutoff grade of 0.4% Ni).
|
|
Main area (drilling recommended in July 2007 43-101 report) |
|
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 |
1.09 |
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 |
0.09 |
0.25 |
|
09-07 |
188.30 |
190.30 |
2.00 |
0.84 |
0.62 |
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 |
|
19-07 |
284.50 |
286.50 |
2.00 |
0.45 |
0.11 |
0.02 |
0.04 |
0.32 |
|
22-07 |
23.00 |
27.50 |
4.50 |
0.89 |
0.25 |
0.07 |
0.05 |
0.87 |
|
And |
42.00 |
44.00 |
2.00 |
1.71 |
0.17 |
0.10 |
0.03 |
0.24 |
|
24-07 |
120.20 |
130.70 |
10.50 |
0.92 |
0.48 |
0.07 |
0.02 |
0.49 |
|
25-07 |
227.50 |
246.00 |
18.50 |
1.22 |
0.63 |
0.07 |
0.20 |
1.37 |
|
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 |
|
28b-07 |
340.00 |
342.00 |
2.00 |
0.41 |
0.19 |
0.01 |
0.04 |
0.22 |
|
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 |
|
32-07 |
23.70 |
25.70 |
2.00 |
1.60 |
1.59 |
0.09 |
0.47 |
0.52 |
|
And |
16.50 |
18.20 |
1.70 |
0.74 |
0.25 |
0.04 |
0.24 |
0.12 |
|
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 |
|
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 |
|
52-07 |
351.00 |
355.00 |
4.00 |
1.03 |
0.41 |
0.08 |
0.06 |
0.47 |
|
Holes 23-07, 27-07 and 38-07 intersected minor mineralization (less than 2 m thickness at a cutoff grade of 0.4% Ni).
1 The zone was extended to include a zone of high copper grades. |
|
Holes 01-07, 02-07, 03-07 were drilled on the "C" anomaly and showed no significant mineralization.
Holes 11-07 and 14-07 were cancelled.
Holes 12-07, 18-07, 20-07 and 21-07 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 holes locations and the best drill results to date can be found at:
http://www.goldengooseres.com/pages/en/levac_results_07
The NISK-1 anomaly remains open at depth and along strike in both directions. A resource estimate dated July 2007 showed 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.
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
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. |