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Golden Goose Resources Inc.

Publié le 07 mai 2008

Reports a 43-101 Nickel Resource at its Lac Levac Property

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Mots clés associés :   Cobalt | Copper | Nickel | Palladium |

GOLDEN GOOSE REPORTS A 43-101 NICKEL RESOURCE AT ITS LAC LEVAC PROPERTY

Montreal, Quebec -May 7th, 2008 - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to report the results of a new resource estimate for its wholly-owned Lac Levac nickel project, located 216 km north of Chibougamau in the James Bay area of northern Quebec.

The resource estimate, which complies with the requirements of National Instrument 43-101, was prepared by RSW Inc. of Montreal, who were also responsible for the previous estimate dated July 2007.

The results of the new estimate are as follows: 

Category

Tonnes

Nickel

Copper

% Cu

Cobalt

% Co

Palladium

g/t Pd

Platinum

g/t Pt

% Ni

lbs

Measured

1,255,000

1.09

30,158,000

0.56

0.07

1.11

0.20

Indicated

    783,000

1.00

17,262,000

0.53

0.06

0.91

0.29

Total

2,038,000

1.06

47,420,000

0.55

0.07

1.03

0.23

Inferred

1,053,000

0.81

18,803,000

0.32

0.06

1.06

0.50

Cut off grade was 0.4% nickel and no external dilution was included.

"This 43-101 report confirms our expectations based on the results of fall drilling," stated Jean-Marc Lacoste, President and Chief Executive Officer of Golden Goose. "We have succeeded in outlining a measured and indicated resource of 47.4 million pounds of nickel and an additional 18.8 million pounds inferred. With nickel trading above $12 per pound, we now have excellent grounds for building on our exploration efforts and aiming to put this project into production."

The previous resource estimate for the project showed an indicated resource of 516,000 tonnes at 0.89% Ni and an inferred resource of 734,000 tonnes at 0.89% Ni.  In the fall of 2007 and winter 2008, the Company drilled over 11,000 metres of additional drilling in 53 holes on the NISK-1 deposit in order to extend and upgrade the project resource. The new resource estimate was warranted by very strong fall explor ation results that included the discovery and delineation of the Eastern extension of the deposit.

The new resource lies within a 900-metre long mineralized zone that remains open along strike and at depth. To date, mineralization has been intersected at real vertical depths of between 12 and 330 metres.

"Drilling to date has provided us with fairly high level of confidence in our geological model, which is that of an intrusive body," explained Marc-Antoine Beaupr�, head of Golden Goose's nickel exploration program at Lac Levac. "We consider the greatest potential for additional resources within this intrusive to be at depth, while we should be able to fairly easily upgrade some of the indicated resource to the measured category with additional infill drilling."

Mr. Lacoste also noted that the property hosts several other ultramafic lenses that could provide additional ore for a future operation. The Company plans to begin working on these other poten tial mineralizated host rock area later this year.

The Lac Levac property lies 200 km east of James Bay and is easily accessible by the extensive road network that serves the Hydro-Qu�bec power projects. It lies less than four kilometres from Hydro-Qu�bec's Albanel substation and 40 km east of the Nemiscau airport.

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 Lac Levac drilling programs are planned and supervised by Marc-Antoine Beaupr�, a geological engineer and a qualified person as defined by National Instrument 43 101. Pierre Trudel of RSW Inc. acted as the qualified person for the 43-101 resources estimate. Messrs Beaupr� and Trudel have both approved the contents of this press release.

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
PIERRE TRUDEL, ING.
RSW INC.
TEL.: (514) 878-2621
FAX: (514) 397-0085
WWW.RSWINC.COM

Golden Goose Resources Inc.

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.

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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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