4/3/13 News Release
Goff Corp. Subsidiary Golden Glory Resources Looks to Become the Next Big Name in Colombian Gold
Goff Corporation subsidiary Golden Glory Resources S.A. is taking a multi-pronged approach to position the company as the next big name in Colombian gold
MEDELLIN, Colombia, April 3, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Goff Corporation's ("Goff" or "the Company") (GOFF) wholly owned subsidiary Golden Glory Resources S.A. is using its unique in country vantage point to position the Company as the next big name in Colombian gold exploration, discovery and production.
Colombia ranked 11th in the world during at last report for one million plus ounce deposits of gold. This is particularly significant as the grade and quality of gold deposits has been shown to be in severe decline over the last two decades worldwide. Colombia currently hosts 4 of the top 50 undeveloped deposits of in-situ gold resources; La Colosa at 24.2 million ounces; Marmato at 14.377 million ounces; Titiribi at 11.079 million ounces and La Bodega at 6.7 million ounces.*
The management of Goff subsidiary Golden Glory Resources has considered the unique potential that the Caldas region holds for these large deposits and is taking a multi-pronged approach to explore opportunities with ground that has had little development, outside of artisanal miners, all in the Caldas or adjacent regions.
Golden Glory Resources' leases on LGC15011 or the "La Frontera Gold Project" are comprised of 1227 hectares of mineral leases in the Aguadas area, Department of Caldas, located about 60 kilometers south of Medellin in Northern Colombia. These were worked by artisanal miners, but have had little or no sophisticated ground work or geo analysis performed. The Company has already sanctioned a detailed on ground exploration program, including diamond drilling, set to begin in the next 90 days.
Goff Corporation President Warwick Calasse explains, "Goff Corporation's efforts through Golden Glory Resources represent much more than just a single attempt or one-off effort to discover a major gold resource. Our growth in expertise and relationships in Colombia are giving us access to new areas and opportunities. We are taking a multi-pronged approach that could yield multiple targets over several concessions in the short and long term. This kind of methodical and systematic approach with excellent quality personnel applied over several projects is what could make Golden Glory Resources a leader in the area. Our goal is to become the number one exploration and discovery company for gold in Colombia."
The Company has reported that it is evaluating several substantial properties that follow a similar profile to the La Frontera Gold Project and nearby areas that were previously worked, some by artisanal miners who were extracting gold over several years. Several of these that merit further evaluation, are in close proximity and could represent a cluster of highly prospective properties that Golden Glory Resources could explore and work in tandem, sharing resources and creating significant cost savings.
Roughly 30% of the La Frontera property also straddles the Antioquia region. The Caldas and Antioquia regions are emerging as two of the leading gold producing areas in all of Colombia.
Source: NRH -- 2012 Research Ranking Gold Mines & Deposits
About Goff Corporation
Goff Corporation is a U.S.-based public company. Its wholly owned subsidiary, Golden Glory Resources S.A. is engaged in gold exploration with a view to developing highly prospective gold projects. The Company's primary interest is the LGC15011 or "La Frontera" Gold Project in Aguadas, Dept. Of Caldas, Colombia. The project is being assessed for its potential as a low-grade, large bulk tonnage gold and silver prospect. Colombia is currently one of the leading gold mining areas in the world producing over 55,509 kilograms of gold (2011), primarily from the region where Goff's subsidiary Golden Glory Resources holds leases on the La Frontera Property.
