Golden Goose hits 16.88 g/t platinum over 0.50 metres in a 3.5-metre zone at its Lac Levac property - Thursday January 24, 3:28 pm ET MONTREAL, Jan. 24 /CNW Telbec/ -
Golden Goose Resources Inc. - (TSX-V: GGR - News; the "Company") is pleased to report that Hole 40-07 drilled last fall on its Lac Levac property has returned an intersection of 2.64 g/t platinum (Pt) over 3.5 metres, including 16.88 g/t of Pt over 0.5 m. The Lac Levac property - is wholly-owned by - Golden Goose - and lies in the James Bay area of northern Quebec.
Hole 40-07 was drilled on the main area of the NISK-1(x) anomaly. Detailed assay results are as follows:
Hole From To Length Ni Cu Co Pt Pd No. (m) (m) (m) % % % (g/t) (g/t) ------------------------------------------------------------------------- 40-07 243.5 247.0 3.5 0.70 0.21 0.04 2.64 1.59 ------------------------------------------------------------------------- Including : 246.5 247.0 0.5 0.87 0.17 0.05 16.88 0.61 ------------------------------------------------------------------------- Analyses were done by Accurassay Laboratories, Thunder Bay, Ontario. All samples are tested using a full scan ICP following an Aqua-Regia digestion. Ore grade samples are then reanalyzed by atomic absorption. Pt and Pd are tested by Fire Assay using lead collection.
"While up until now we have considered the Lac Levac property primarily as a nickel play, this exceptional result is leading us to take a fresh look at the property in terms of its platinum potential," said Jean-Marc Lacoste, President of Golden Goose. The Company is also analyzing the palladium (Pd) mineralization of the eastern extension of the NISK-1 anomaly. While palladium grades in the main section of the anomaly generally average about 0.8 g/t, results for the eastern extension are showing an average of 2.19 g/t Pd. The best result to date is in Hole 47-07, which returned an intersection of 3.24 g/t Pd over 8.0 metres, including a section of 3.44 g/t of Pt over 1.5 metres. Detailed results for Hole 47-07 are as follows:
Hole From To Length Ni Cu Co Pt Pd No. (m) (m) (m) % % % (g/t) (g/t) ------------------------------------------------------------------------- 47-07 153.70 161.70 8.00 1.03 0.72 0.05 0.91 3.24 ------------------------------------------------------------------------- Including: 159.70 161.20 1.50 1.04 1.28 0.05 3.44 5.39 -------------------------------------------------------------------------
Additional results from the fall drilling program are being compiled and will be released in the next few days. The Lac Levac drilling programs are planned and supervised by Marc-Antoine Beaupré, a geological engineer and the qualified person as defined by National Instrument 43-101. He has approved the contents of this press release.
(x) Previously called the INCO anomaly. Golden Goose has decided to assign Cree names to the Lac Levac anomalies; "nisk" means "goose" in Cree.
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
Golden Goose Resources Inc.: Jean-Marc Lacoste, 1-888-928-4667, Fax: 1-888-494-5371, lacoste@goldengooseres.com
Qualified Person under NI 43-101: Marc Antoine Beaupré, Ing., (888) 928-4667, Fax: (888) 494-5471,
Golden Goose hits 18.5 metres of 1.22% nickel at its Lac Levac property Tuesday January 29, 1:54 pm ET MONTREAL, Jan. 29 /CNW Telbec/ -
Golden Goose Resources Inc. - (TSX-V: GGR - News; the "Company") is pleased to report additional results from fall drilling at its wholly-owned - Lac Levac nickel property - in the James Bay area, 216 km north of Chibougamau in northern Quebec.
The latest assays are among the final results from the 7,150-metre fall program recommended in the 43-101 report dated July 2007. Completed in December 2007, this program primarily targeted the NISK-1 anomaly(x) and its newly-discovered eastern extension.
"These new results are very encouraging," said Jean-Marc Lacoste, President of Golden Goose.
"Hole 25-07 returned the widest intercept seen for the zone to date, and Hole 32-07 cut mineralization that extends right up to surface."
"Based on the initial four holes drilled on the eastern extension, this newly-identified area appears to contain similar nickel grades to the main area, with higher and more significant platinum and palladium mineralization," he added.
The new results are as follows, with previously-reported results shown below for reference: (True width not yet determined)
Hole From To Length Ni Cu Co Pt Pd No. (m) (m) (m) % % % (g/t) (g/t) ------------------------------------------------------------------------- Main area (in-fill drilling recommended in July 2007 43-101 report) ------------------------------------------------------------------------- 25-07 227.50 246.00 18.50 1.22 0.63 0.07 0.20 1.37 ------------------------------------------------------------------------- 32-07 16.50 18.20 1.70 0.74 0.25 0.04 0.24 0.12 And 23.70 25.70 2.00 1.60 1.59 0.09 0.47 0.30 ------------------------------------------------------------------------- 40-07 243.50 247.00 3.50 0.70 0.21 0.04 2.64 1.59 ------------------------------------------------------------------------- 41-07 121.00 133.50 12.50 0.56 0.43 0.03 0.14 0.85 ------------------------------------------------------------------------- 42-07 238.00 240.50 2.50 0.76 0.32 0.05 0.17 0.49 ------------------------------------------------------------------------- 19-07, 23-07 , 27-07 and 28b-07 showed minor mineralization (less than 2m thick using a cut-off grade of 0.4% Ni) Assays for holes 16-07, 17-07 and 24-07 drilled on the main area are still pending. ------------------------------------------------------------------------- Eastern extension (newly discovered) ------------------------------------------------------------------------- 39-07 58.50 61.00 2.50 0.77 0.38 0.04 0.20 2.67 ------------------------------------------------------------------------- 43-07 239.50 243.50 4.00 1.30 0.64 0.07 0.02 0.49 ------------------------------------------------------------------------- 45-07 183.10 186.10 3.00 0.81 0.81 0.05 0.30 1.27 ------------------------------------------------------------------------- 47-07 153.70 161.70 8.00 1.03 0.72 0.05 0.91 3.24 ------------------------------------------------------------------------- 44-07 showed minor mineralization (less than 2m thick using a cut-off grade of 0.4% Ni) Results for holes 46-07, 48-07 to 50-07 and 52-07 drilled on the eastern extension are still pending ------------------------------------------------------------------------- 33-08 and 51-08 are to be drilled in 2008 -------------------------------------------------------------------------
The fall drill data is being used to update the NI 43-101-compliant evaluation report and resource estimate dated July 2007, which showed the NISK-1 anomaly to contain an indicated resource of 516,000 tonnes at 0.89% nickel, 0.39% copper, 0.06% cobalt, 0.79 g/t palladium and 0.14 g/t platinum and an inferred resource of 734,000 tonnes at 0.89% nickel, 0.34% copper, 0.06% cobalt, 0.77 g/t palladium and 0.14 g/t platinum.
Meanwhile, the Company plans to continue delineating and upgrading the NISK-1 resource. "The 2008 drilling program, which will total about 10,000 metres, is still being finalized and will get underway next week," confirmed Mr. Lacoste. "We have not yet tested the extension of the NISK-1 mineralization at depth, which we consider to be a very high-potential target."
The Lac Levac drilling programs are planned and supervised by Marc-Antoine Beaupré, a geological engineer and the qualified person as defined by National Instrument 43-101. He has approved the contents of this press release.
(x) Previously called the INCO anomaly. Golden Goose has decided to assign Cree names to the Lac Levac anomalies; "nisk" means "goose" in Cree.
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
Golden Goose Resources Inc.: Jean-Marc Lacoste, 1-888-928-4667, Fax: 1-888-494-5371, lacoste@goldengooseres.com
Qualified Person under NI 43-101: Marc Antoine Beaupré, Ing., (888) 928-4667,
Representing over 700,000 ounces of gold. The resource lies in the area below the old Magino mine workings, at a depth of from 200 to 600 metres. The estimate is mainly based on drilling carried out since the beginning of 2006 that identified some 76 separate mineralized zones, all of which remain open at depth and along strike. The estimation method used was polygons on longitudinal section for each zone, designed based on the future underground mining potential.
<< Innovexplo resource estimate targets new area, supplements previously known resource >> MONTREAL, May 29 /CNW Telbec/ -
Golden Goose Resources Inc. - (TSX-V: GGR - News; the "Company") is pleased to report a new resource estimate for its wholly-owned Magino Mine property, located 1.5 km southwest of the Richmont/Patricia Island Gold Mine, near Wawa, Ontario. The estimate complies with National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Prepared by Innovexplo, an independent mining and exploration consulting firm based in Val-d'Or, Quebec, the new estimate shows an inferred resource of 3.75 million tonnes grading 5.94 g/t Au at a cut-off grade of 3 g/t Au, representing over 700,000 ounces of gold. The resource lies in the area below the old Magino mine workings, at a depth of from 200 to 600 metres. The estimate is mainly based on drilling carried out since the beginning of 2006 that identified some 76 separate mineralized zones, all of which remain open at depth and along strike. The estimation method used was polygons on longitudinal section for each zone, designed based on the future underground mining potential.
"We knew our drill results were excellent, but we are still extremely impressed by the size of the resource," said Jean-Marc Lacoste, President and Chief Executive Officer of Golden Goose. "These numbers clearly demonstrate the excellent potential of the property. We will now begin work on upgrading this Inferred Resource to the Indicated category in preparation for prefeasibility."
Depending on the cut-off grade used, the new estimate shows an inferred resource below the 200-metre level as follows:
Magino Project Innovexplo Inferred Mineral Resource
The Independent and Qualified Persons for the Mineral Resource estimates as defined by Regulation 43-101 are Carl Pelletier, B.Sc., P.Geo. and Bruno Turcotte, M.Sc., P.Geo. (InnovExplo Inc.), and the effective date of the estimate is May 23, 2008.
Notes:
- Mineral Resources are not Mineral Reserves having demonstrated economic viability. - Results are presented undiluted and in situ. The estimate included 76 gold-bearing zones and covers the Magino project area over 840 m E-W, 400 m N-S and from elevation -200m to -600m - The resources were compiled using a cut-off grade of 3.0 g/t Au. This cut-off must be re-evaluated in the light of the present market conditions: gold price, exchange rate and mining cost. A fixed density of 2.87 g/cm3 was used. A minimum of 1.6 m true width was applied, using the grade of the adjacent material when assayed, or a value of zero when not assayed. High grade capping was done on the raw data and established at 40.0 g/t Au. No drill hole compositing was done. Resources were evaluated from drill hole results using a polygonal on longitudinal approach. - Calculations used metric units (meter, tonnes and g/t Au). - The company is not aware of any known environmental, permitting, legal, title, taxation, socio-political, marketing, or other relevant issues that could materially affect the Mineral Resource estimates.
The new resource is in addition to a near-surface resource estimated by Snowden Mining Industry Consultants Inc. in April 2004. Snowden estimated measured and indicated resources of 7.3 million tons grading 2.33 g/t Au for a total of 544,000 ounces and an inferred resource of 1.2 million tons at 2.21 g/t or 84,625 ounces. All these ounces of gold lie between surface and a depth of 200 metres. These near-surface resources were based on a cut-off grade of 1.24 g/t Au. Snowden's mineral resource estimate was designed for low-grade, large-volume, open-pit potential. The estimation method used was a block model with a block size of 7.6 m x 7.6 m x 3 m. Grade models were estimated with multiple indicator kriging and ordinary kriging. The Snowden and Innovexplo estimates stands as follows as at May 23, 2008:
Magino Project Resources
Innovexplo resource estimate - May 2008: ---------------------------------------- Area targeted: -200 to -600 metres
Gilles Provost, P.Geo., a Qualified Person under NI 43-101, plans and supervises the exploration work on the Magino property and has 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, platinum group metals, and nickel 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
Golden Goose Resources Inc.: Jean-Marc Lacoste, President, 1-888-928-4667, Fax: 1-888-494-5371, lacoste@goldengooseres.com Renmark Financial Communications Inc.: Barry Mire: bmire@renmarkfinancial.com James Buchanan: jbuchanan@renmarkfinancial.com, (514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com Qualified Persons under NI 43-101: Carl Pelletier, B.Sc., P.Geo., Bruno Turcotte, M.Sc., P.Geo., InnovExplo Inc., (886) 749-8140, Fax: (819) 874-0379, www.innovexplo.com Gilles Provost, M.Sc.A., P.Geo., Golden Goose Resources Inc., (888) 928-4667, Fax: (888) 494-5471, www.goldengooseres.com
Golden Goose Resources Inc. (Tier1) (TSX:GGR) Last Price (CAD) $ 0.195 Change ◊ 0 Bid 0.185 Ask 0.24 Volume - Day's Range - - - Click for Detailed Quote Page Last Trade:13:33:40 EST Jan-14-09
Golden Goose Resources Inc. (Tier1) (TSX:GGR)fiat(CAD)$0.21 UP 0.025 (+13.51%) Bid 0.20 Ask 0.21 Volume 8,000 Day's Range 0.21 - 0.21 Click for Detailed Quote Page Last Trade:15:11:55 EST Jan-20-09
Golden Goose Resources Inc. (TSX:GGR)fiat(CAD)$0.35 UP $0.03 (+9.37% :-) Bid 0.32 Ask 0.35 Volume 20,075 Day's Range 0.32 - 0.35 Click for Detailed Quote Page Last Trade:15:29:25 EDT Jun-11-09
Golden Goose and Kodiak Exploration Sign Binding Merger Agreement
TSX.V KXL
MONTREAL and VANCOUVER, Aug. 31 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR, "Golden Goose") and Kodiak Exploration Limited (TSX-V: KXL, "Kodiak") are pleased to announce that they have signed a binding definitive merger agreement. Golden Goose and Kodiak have agreed to proceed with a business combination by way of a corporate Arrangement pursuant to the provisions of the Companies Act of Québec. The Arrangement will effectively combine the assets of both companies on a consolidated basis, with Golden Goose Resources becoming a wholly-owned subsidiary of Kodiak.
Under the terms of the definitive merger agreement between Golden Goose and Kodiak, shareholders of Golden Goose Resources will exchange their issued common shares for new common shares and warrants of Kodiak, on the basis of 1.2 new shares of Kodiak and one quarter (0.25) of a Kodiak Share Purchase Warrant for each outstanding share of Golden Goose Resources. The Kodiak Warrant is exercisable for three years at a price of $0.45 with an acceleration clause should Kodiak shares listed on the TSX Venture Exchange trade above $0.60 for twenty consecutive trading days. Upon closing the transaction, David Watkins, currently a member of the Golden Goose Board of Directors, will join the Kodiak Board of Directors.
Using a twenty day VWOP (Volume Weighted Opening Price through August 28, 2010) of $0.20 for Golden Goose shares and $0.21 for Kodiak shares, the 1.2 exchange ratio plus the fair value of the quarter Share Purchase Warrant ($0.03) produces a premium of 40% for Golden Goose shareholders.
All convertible securities of Golden Goose will be exchanged for convertible securities of Kodiak on the same basis, adjusted accordingly to reflect the share exchange ratio. The completion of the Arrangement is subject to standard conditions precedent applicable to statutory plans of arrangement, including standard commercial conditions precedent, approval of the common shareholders of Golden Goose, deregistration of Golden Goose shares in the US, and court approval. The transaction is scheduled to close in the fourth quarter of 2010.
A special general meeting of Golden Goose shareholders will be held early in the fourth quarter of 2010 to approve the Arrangement. Golden Goose shareholders will receive an Information Circular setting out further details of the proposed transaction; the Information Circular will also be filed and made available on SEDAR (www.sedar.com).
National Bank Financial acted as financial advisor to Golden Goose on this transaction; KPMG Corporate Finance Inc. and Casimir Capital L.P. acted as financial advisors to Kodiak in connection with this transaction.
On behalf of the Boards of Directors:
Brian J. Maher President and Chief Executive Officer, Kodiak Exploration Limited
François Perron President and Chief Executive Officer, Golden Goose Resources, Inc.
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. This release may contain forward-looking statements or statements that relate to programs that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
For further information: Kodiak Exploration Limited: Brian J. Maher, President and Chief Executive Officer, Email: ir@kodiakexp.com, Website: www.kodiakexp.com, Tel.: 1-604-688-9006 begin_of_the_skype_highlighting 1-604-688-9006 end_of_the_skype_highlighting begin_of_the_skype_highlighting 1-604-688-9006 end_of_the_skype_highlighting, Fax: 1-604-688-9029; Renmark Financial Communications Inc.: Jason Roy, jroy@renmarkfinancial.com; Arash Shahi, ashahi@renmarkfinancial.com; Media - Guy Hurd, ghurd@renmarkfinancial.com, Tel.: (514) 939-3989 begin_of_the_skype_highlighting (514) 939-3989 end_of_the_skype_highlighting, (416) 644-2020 begin_of_the_skype_highlighting (416) 644-2020 end_of_the_skype_highlighting, www.renmarkfinancial.com; Golden Goose Resources Inc.: François Perron, President and Chief Executive Officer, Email: perron@goldengooseres.com, Website: www.goldengooseres.com, Tel.: 1-888-928-4667 begin_of_the_skype_highlighting 1-888-928-4667 end_of_the_skype_highlighting, Fax: 1-888-494-5371
(GGR - TSX Venture), ("Golden Goose") are pleased to announce that Golden Goose has received permission from the court to hold a special meeting of shareholders to vote on the proposed merger via a Plan of Arrangement with Kodiak. The information circular will be sent to Golden Goose shareholders and filed on SEDAR shortly.
The special meeting is to be held on December 13th, 2010, for shareholders of the record date of November 4th, 2010. In order to approve the transaction, 75% of the votes cast must support the proposal. Once shareholder approval is obtained, final order is rendered by the court, and the deregistration of Golden Goose in the United States is completed, the transaction will close shortly thereafter.
Francois Perron, President and CEO of Golden Goose commented: "We are eager to proceed as this next step will accelerate the surfacing of the value of the Magino project. Preparations for the assessment of the open pit potential have begun and Kodiak Exploration is ready to proceed with a preliminary economic analysis and significant confirmatory drilling. We expect these initiatives to create significant value over the coming months." Brian Maher, President and CEO of Kodiak added: "We are excited to move forward with the development of the Magino Mine project and to realize the full value of this gold deposit in the market place".
On behalf of the Boards of Directors:
Brian J. Maher President and Chief Executive Officer, Kodiak Exploration Limited
FOR FURTHER INFORMATION, PLEASE CONTACT:
Kodiak Exploration Limited Brian J. Maher Email: ir@kodiakexp.com President and Chief Executive Officer Website: http://www.kodiakexp.com Tel.: 1-604-688-9006
Francois Perron President and Chief Executive Officer, Golden Goose Resources, Inc.
Kodiak and Golden Goose Close Business Combination 12/16/2010 3:40 PM - Canada NewsWire
VANCOUVER and MONTREAL, Dec. 16, 2010 (Canada NewsWire via COMTEX News Network) --
TSX.V KXL
Kodiak Exploration Limited (TSX-V: KXL, "Kodiak") and Golden Goose Resources Inc. (TSX-V: GGR, "Golden Goose") are pleased to announce that, further to their joint news releases dated August 31, 2010 and December 13, 2010, the business combination between the companies by way of a statutory plan of arrangement pursuant to the provisions of the Companies Act of Qu?bec (the "Arrangement") was approved by the Superior Court of Quebec on December 14, 2010 and closed effective at 12:01 am (Montreal time) earlier today.
Pursuant to the Arrangement, Golden Goose shareholders will (subject to the provisions for Small Lot Holders set out below) receive 1.2 Kodiak shares and one quarter of one non-transferable Kodiak warrant for each Golden Goose share surrendered, where each whole warrant entitles its holder to purchase one Kodiak share at a price of $0.45 for a period of three years. Outstanding options to purchase Golden Goose shares ("Golden Goose Options") are to be cancelled and holders of such options are to receive options to purchase such number of Kodiak shares ("Kodiak Options") and at an exercise price that reflects the exchange ratio of 1.2 Kodiak Options for each Golden Goose Option.
Small Lot Holders
As set out in the Golden Goose information circular in respect of the Arrangement dated November 10, 2010, any holder of less than 500 shares of Golden Goose who did not elect prior to the effective date of the Arrangement to receive common shares and warrants of Kodiak in exchange for his or her shares of Golden Goose will receive a cash payment of $0.25 per Golden Goose share held.
Board of Directors of Kodiak
As a result of the closing of the Arrangement, Kodiak is now the sole shareholder of Golden Goose and the board of directors of Kodiak now consists of seven directors, being Michael E.J. Phelps, Thomas Barber, Robert Harrington, Thomas P. Mullan, David Richardson, George Salamis and David Watkins.
Letter of Transmittal
The letter of transmittal that was provided to Golden Goose shareholders with the meeting materials in respect of the Arrangement misstated the exchange ratio. It stated that Golden Goose shareholders would receive one share of Kodiak and one quarter of a Kodiak warrant in exchange for each share of Golden Goose held. The correct exchange ratio is set forth above.
On behalf of the Boards of Directors:
Brian J. Maher President and Chief Executive Officer, Kodiak Exploration Limited
Francois Perron President and Chief Executive Officer, Golden Goose Resources, Inc.
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.
News 
Market Data 
Discover 
