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Created: 09/11/2019 03:07:32 PM - Followers: 3 - Board type: Free - Posts Today: 0
Los Ricos

Location: Jalisco, Mexico
Status: Exploration - 10,000m drill program in progress

On March 25, 2019, the Corporation acquired the rights to an agreement which provides the option to acquire 100% of the concessions of the Los Ricos project (the “Option Agreement”).  The Los Ricos property located in Jalisco state, Mexico, is comprised of 29 concessions and covers over 22,000 hectares and is home to several historical mining operations. The property is located roughly 100 km northwest of the city of Gaudalajara and is easily accessible by paved road.  There are 65 historical drill holes on the property from 2003 and 2004, and the majority of them intercepted mineralization from near surface.  There are numerous historical underground workings on the property, which date as far back as early Spanish colonial times, but are primarily from operations in the early twentieth century when Marcus Daly Jr., the son of the founder of the Anaconda Copper Company, and James Watson Gerhard developed it into a modern mine producing up to 500 tonnes of ore per day by the time it closed in 1930 due to the stock market crash.

On August 22, 2019, GoGold entered into various agreements (“the Concession Agreements”) to accelerate the acquisition of the 29 concessions. The Concession Agreements replace the option agreement GoGold had for the Los Ricos property and save GoGold $5.4 million dollars (all amounts USD).

History of the Cinco Minas

The Destajos, Famosa and Trinidad zones (levels) of the Cinco Minas vein were exploited as early as Spanish colonial times in the early 1500's (Rivera & Vazquez, 1963). The next documented record of exploitation in the area was in 1824 when a Coronel Schiaffino had the property. Subsequently, the property was worked by a Mr. Luis Martinez of Guadalajara, but after him the mine was significantly enlarged by the Cinco Minas Mining Company (CMMC), owned by Marcus Daly Jr., the son of the founder of the Anaconda Copper Company.

GoGold Consolidates 29 Concessions at Large Scale Exploration Project in Mexico
The quality assurance and quality controls (“QA/QC”) programs used by Tumi Resources Inc. in 2003 and 2004 for the core and RC drilling programs are fully described and documented in the NI 43-101 “Summary Report on the Geology and Exploration Programs, Cinco Minas Project” dated August 18, 2004 by John Nebocat, P. Eng., a copy of which is available on SEDAR as filed by Kingsmen Resources Ltd. on Dec 2, 2004. All samples from the drilling programs were analyzed by IPL Laboratories in Vancouver, BC for gold and silver using the fire assay – atomic absorption method; gold values greater than 1000 ppb Au were rechecked by fire assay – gravimetric methods. The QA/QC program also included inserting commercial reference control standard materials for gold and silver along with duplicate check sampling. The results of both the standards and the check samples came out very well with no significant discrepancies.
Mr. David Duncan, P.Geo. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.


GoGold Accelerates Acquisition of Los Ricos Property

Halifax, NS – GoGold Resources Inc. (TSX: GGD) (“GoGold”, “the Company”) has entered into various agreements (“the Concession Agreements”) to accelerate the acquisition of the 29 concessions that comprise the Los Ricos property in Jalisco, Mexico from private Mexican owners.  The Concession Agreements replace the option agreement GoGold had for the Los Ricos property and save GoGold $5.4 million dollars (all amounts USD).
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#48 I added to one account today. This puppy jsc52033 03/19/2021 04:40:32 PM
#47 Thanks yes they are doing well. WIth gold jsc52033 02/18/2021 10:24:40 AM
#46 Balance and revenue wise they are (to my W_vdm 02/18/2021 07:29:33 AM
#45 thanks but I wasn't going to buy unil jsc52033 02/17/2021 10:08:40 AM
#44 You can't really compare this company on PE W_vdm 02/17/2021 03:28:34 AM
#43 I took an opening possition today looks like jsc52033 02/16/2021 11:42:04 AM
#42 GLGDF, To learn more about the company click Batterymetal 12/31/2020 11:42:55 PM
#41 GLGDF - steady climb; very nice! GL Anticipating 12/29/2020 05:58:40 PM
#40 Huge volume yesterday and today. Someone stepping up tsoprano-1 12/29/2020 11:48:38 AM
#39 Agree! GLGDF! Anticipating 12/28/2020 06:11:56 PM
#38 Best silver stock to own, what's in the name vrekke 12/22/2020 08:45:58 AM
#37 GoGold Drills 3.4m of 2,765 g/t AgEq at Anticipating 12/09/2020 08:50:29 AM
#36 GoGold Resources to Present at Alpha Bronze Virtual Anticipating 08/03/2020 03:42:06 PM
#35 Live Gold Price Anticipating 04/25/2020 09:36:25 AM
#34 Halifax, NS – GoGold Resources Inc. (TSX: GGD) Anticipating 04/23/2020 07:12:18 AM
#33 GoGold Intersects 11.6m of 610 g/t Silver Equivalent Anticipating 04/16/2020 05:42:51 PM
#32 GoGold Intersects 18.8m Near Surface of 255 g/t Anticipating 03/24/2020 06:44:29 PM
#31 GoGold Changes AGM to Teleconference Only Anticipating 03/23/2020 01:58:42 PM
#30 GoGold Intersects 9.5m at 430 g/t Silver Equivalent Anticipating 03/10/2020 11:24:46 AM
#29 Gold Prices Hits 7-Year USD High, Virus Crisis Anticipating 03/06/2020 05:14:22 PM
#28 GoGold Intersects 17.3m at 317 g/t Silver Equivalent Anticipating 02/26/2020 06:24:19 PM
#27 GoGold Closes C$25 Million Bought Deal Financing Anticipating 02/26/2020 06:21:52 PM
#26 GoGold Launches Second Exploration Project in the Los Anticipating 02/20/2020 04:13:46 PM
#25 Cinco Minas Anticipating 02/20/2020 04:09:08 PM
#24 Los Ricos Project Anticipating 02/14/2020 08:26:12 AM
#23 GoGold Announces Upsize of its Previously Announced Bought Anticipating 02/06/2020 05:01:50 PM
#22 They haven’t mentioned who they are buying the JBZ 01/26/2020 01:37:26 PM
#21 How is it they are drilling our mines JBZ 01/26/2020 01:32:35 PM
#20 And JBZ 01/26/2020 01:30:38 PM
#19 Location and Access - Hmmm Anticipating 01/24/2020 01:44:38 PM
#18 NEWS RELEASE Anticipating 01/22/2020 06:43:41 PM
#17 GoGold’s Intersects 26m at 2.97 g/t Gold Anticipating 12/01/2019 11:20:19 AM
#16 GoGold Drills 45.3m Averaging 1.41g/t Gold Equivalent including Anticipating 11/02/2019 08:57:05 AM
#15 GoGold Reports Record Quarterly Production of 580,711 Silver Anticipating 10/15/2019 01:09:47 PM
#14 Yes, added it to my watch list... GL $$ Golden Cross $$ 10/08/2019 09:06:12 AM
#13 Very nice,GLGDF definitely one to watch! Anticipating 10/08/2019 09:01:31 AM
#12 GLGDF: Tier Change - Pink Current to OTCQX International $$ Golden Cross $$ 10/08/2019 02:32:06 AM
#11 NEWS RELEASE - October 2, 2019 Anticipating 10/05/2019 10:23:12 AM
#10 Historical Drilling Anticipating 09/12/2019 07:01:19 PM
#9 (2) A brief description of the title, claim, Anticipating 09/12/2019 06:09:30 PM
#8 INFORMATION AND DISCLOSURE STATEMENT Anticipating 09/12/2019 05:57:40 PM
#7 Deposit Type Anticipating 09/11/2019 09:49:28 PM
#6 HALIFAX, Sept. 10, 2019 08:00 ET Anticipating 09/11/2019 08:38:36 PM
#5 History of the Cinco Minas Anticipating 09/11/2019 07:42:09 PM
#4 NEWS RELEASE — September 4, 2019 Anticipating 09/11/2019 07:28:42 PM
#3 The quality assurance and quality controls (“QA/QC”) programs Anticipating 09/11/2019 07:19:11 PM
#2 The Los Ricos property has been well known Anticipating 09/11/2019 07:16:54 PM
#1 GoGold Consolidates 29 Concessions at Large Scale Exploration Anticipating 09/11/2019 07:12:37 PM
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