GoGold Resources Inc T.GGD

Update: GoGold Resources Jumps 9%, at 52 Week Highs as

[tickerhit]

Reports Results of First Holes Drilled at Los Ricos North, South Projects 2020-08-05 10:15:46 AM ET (MT Newswires)

10:15 AM EDT, 08/05/2020 (MT Newswires) -- GoGold Resources Inc. (GGD.TO) at last look surged 9%, hitting 52-week highs, after reporting on Wednesday assay results from the first three holes drilled at its La Trini silver-gold deposit on the Los Ricos North project and four drill holes from the Los Ricos South project. Hole LRGT-20-003 on the La Trini deposit intersected a silicified and altered quartz rhyolite unit from 128.0 to 157.8m for 29.8m of 713 g/t silver equivalent, consisting of 532 g/t silver and 2.41 g/t gold. The intersect included 4.5m of 4,251 g/t AgEq, which was made up of 3,289 g/t silver and 12.83 g/t gold. The La Trini deposit is a flat-lying zone and has a gentle topography that "will allow GoGold to rapidly develop the Mineral Resource of the deposit by drilling a series of short holes from surface over the next 4 to 6 months," said Brad Langille, GoGold President and CEO. At Los Ricos South, hole LRGG 20-202 in the Rascadero area of the project intersected the Los Ricos vein near surface from 85.5 to 106.0m for 20.5m of 364 g/t silver equivalent, consisting of 2.86 g/t gold and 150 g/t silver. The intersect included 11.5m of 613 g/t silver equivalent. Price: 1.80, Change: +0.15, Percent Change: +9.09

[narmac]

,,hummmare now predicting gold to move as high as $3400 in the near term. If silver narrows the present ratio or eben keeps it and gold increases then we have no other choice but to be very bullish on GGD.

[casher]

Silver almost $30, GGD is starting to look very cheap under $2  GLTA