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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 ontheroad1on Aug 08, 2022 2:25pm
236 Views
Post# 34879467

RE:RE:RE:RE:Where's Brad?

RE:RE:RE:RE:Where's Brad?
It is probably a wise thing to slow down drilling and preserve cash considering the capex ahead with LRS. I am not suggesting that is what is taking place, but I do prefer focusing on the PFS/ building phase rather than exploration at LRN: There are countless drill stories taking place -with quite a bit of success- and nothing is being rewarded in this environment. I look forward to perhaps more ounces in the south and seeing how those impact the PFS and NPV. If the team was successful in securing the concession between the main area (LRS) and our Jamaica claims, I would expect that to be quite meaningful to the story.
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