GOLDEN GOOSE SELLS ITS MONTAUBAN PROPERTIES
Montreal, Quebec, July 22nd, 2009 - Golden Goose
Resources Inc. (TSX-V: GGR)(the “Company”) is pleased to announce
that it has reached an agreement with Excel Gold Mining (“Excel”) for the
purchase of its Montauban Properties.
The
Montauban Properties, which are located
approximately 100 km
north east of Shawinigan in the province of Quebec, include a past producing
mine that was operated by the Company from 1982 to 1990. During that period
the mine produced 550,000 tonnes grading 4.04 g/t gold and 36.6 g/t silver. There
is no NI43-101 compliant resource presently identified on the property.
In
return for a 100% of the mining rights and transferred rights in the mine and
its 2 adjacent claims, Excel agrees to pay the Company a valued consideration
of $150,000 plus a 1% Net Smelter Return (NSR) royalty, redeemable for
$1,000,000.
Francois
Perron, President and CEO comments “This sale
agreement allows us to focus on our gold project at Magino
where we have a NI43-101 compliant gold resource of more than 450,000 ounces
measured and indicated and 1,1000,000 ounces in the inferred category.”
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.
Visit
our website at www.goldengooseres.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Golden Goose Resources Inc.:
François Perron,
President and CEO
Tel: 1-888-928-4667
Fax: 1-888-494-5371
Email: perron@goldengooseres..com
Website : www.goldengooseres.com
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