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  • GoGold drills 194.3 meters of 100 g/t silver equivalent and 1.1% copper including 82.3 meters of 176 g/t silver equivalent and 1.6% copper at Chispa S

GoGold drills 194.3 meters of 100 g/t silver equivalent and 1.1% copper including 82.3 meters of 176 g/t silver equivalent and 1.6% copper at Chispa S

Tuesday, Nov 27, 2012

HALIFAX, Nov. 26, 2012 /CNW/ - GoGold Resources Inc. (TSXV: GGD), is pleased to announce new drilling results from the Chispa De Oro South target area within the company's San Diego Project in Durango, Mexico. Hole GGS-056 returned the best drill results to date on the property, 194.3 Meters of 100 g/t Silver Equivalent (silver Eq) and 1.1% Copper which included an intercept of 82.3 Meters of 176 g/t Silver Equivalent and 1.6% Copper. This vertical hole was drilled in the breccia zone and demonstrates the continuity of the high grade mineralization within the structure to a depth of 225 meters. GoGold geologists believe this breccia zone could potentially fall within a high grade open pit target at the Chispa South area.

The core was either HQ or NQ in size in the surface holes. Holes were started at the larger HQ size and reduced to NQ if necessary. The drilling crew boxes the core and GoGold employees transport it to the core shack. In the core shack the core is geologically logged with sample lengths indicated. When the sample lengths are determined the core is split using an impact splitter with one half of the core being bagged and tagged for assay. The other half is returned to the core trays for storage.

Lab Preparation

The sealed and tagged sample bags are turned over to ActLabs personnel at the site who transport them to the ActLabs sample preparation facility in Zacatecas, Mexico. ActLabs crushes the samples and prepares 200-300 gram pulp samples. Ninety percent of the pulp will pass Tyler 150 mesh (106mm). The pulps are sent to ActLabs in Canada for analysis for Au/Ag fire assays with a gravimetric finish and ICP-41 for all the other elements. This process is expected to continue as additional drill core continues to arrive.

Mr. Ramon Luna P.Geo is the qualified person as defined by National Instrument 43-101 and is responsible for the geological information of this release.

SOURCE GOGOLD RESOURCES INC.

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