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GoGold Resources Inc T.GGD

Alternate Symbol(s):  GLGDF

GoGold Resources Inc. is a Canada-based silver and gold producer. The Company is principally engaged in the exploration, development, and production of silver and gold in Mexico. It is focused on operating, developing, exploring and acquiring projects in Mexico. The Company operates the Parral Tailings mine (Parral) located in the state of Chihuahua, Mexico, and the Los Ricos district exploration property (Los Ricos), which includes two projects approximately 25 kilometers apart - Los Ricos South (LRS) and Los Ricos North (LRN), which are located in the state of Jalisco, Mexico. The Parral tailings Project is within the town limits of Hidalgo del Parral, in the State of Chihuahua, Mexico, which covers approximately 141 ha. The Los Ricos property is made up of 45 concessions and covers over 25,000 hectares, which is located roughly 100 km northwest of the city of Guadalajara and is easily accessible by paved road.


TSX:GGD - Post by User

Comment by oilisswellon Apr 23, 2021 9:26pm
150 Views
Post# 33060565

RE:RE:Financing

RE:RE:FinancingCharly, great to see you back! Now we an move back up, amybe over 3 bucks!

More info from Steve:

"the drilling in the North has been going exceptionally well, as you know. Our drill hit rate has been +95% which is almost unheard of in exploration drilling and given the targets and area left to cover we don’t expect to see any diminishing returns with the drill bit anytime soon. The initial resource estimate will be out in LRN by Sep/Oct, but by no means will that be the end of the drilling. We want to put it out so the market can see a summary of what we’ve accomplished over the last year of drilling and we will only expand on the drilling as we enter new targets such as El Nayar later this year and then in 6-9 months following the intitial resource, we would put out an updated resource with the continued drilling. This gives the market a way to value the asset as we grow out drilling program. "

Of course it could be all lies LOL Bring on the drilling rigs, the resource, and the share value!

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