Golden Goose hits multiple high nickel, copper and palladium grades at Lac Levac
Thu Apr 10, 3:01 PM
ca.news.finance.yahoo.com
MONTREAL, April 10 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to report that it has received the results for the first seven holes of its 2008 winter drilling program at its Lac Levac nickel project. The Company is continuing to outline the eastern extension of the NISK-1 anomaly on the property, which is wholly-owned by Golden Goose and lies 216 km north of Chibougamau in the James Bay area of northern Quebec.
"The winter drilling appears to indicate that the mineralized zone identified in the main area remains continuous as it deepens to the east," said Jean-Marc Lacoste, President of Golden Goose. "We are also seeing higher nickel grades and significantly higher copper and palladium content in this area that in the main section of the deposit."
"These new holes will be included in the 43-101 resource estimate that will be completed and released shortly," added Mr. Lacoste.
All the holes intersected the target and returned interesting results that are interpreted as representing a continuous zone. The best nickel grade was 2.3% over 2.0 metres as part of a 5.0-metre intersection grading 1.94% Ni in Hole 56-08. The Company also intersected 4.44% Cu and 2.64 g/t Pd over 1.0 m in Hole 61-08. Full results for the seven holes are as follows:
Winter 2008 Program
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Hole From To Length Ni Cu Co Pt Pd
No. (m) (m) (m) % % % (g/t) (g/t)
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Eastern extension (discovered fall 2007)
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TF-54-08 220.00 222.00 2.00 1.00 0.35 0.05 0.05 1.40
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Including 220.00 221.00 1.00 1.77 0.26 0.09 0.10 2.63
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TF-60-08 45.70 47.70 2.00 1.72 0.16 0.10 0.05 1.26
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Including 46.20 47.70 1.50 2.20 0.21 0.13 0.07 1.68
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And 52.70 54.70 2.00 1.26 0.77 0.07 0.08 0.69
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Including 52.70 53.70 1.00 1.44 1.31 0.08 0.07 0.79
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TF-61-08 101.00 106.00 5.00 1.00 1.34 0.08 0.23 1.38
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Including 101.00 102.00 1.00 0.61 4.44 0.04 0.06 2.64
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Including 102.50 103.50 1.00 1.99 0.29 0.14 0.05 1.30
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TF-33-08 28.50 32.00 3.50 0.63 1.84 0.05 0.07 1.18
Including 28.50 30.00 1.50 0.51 3.24 0.05 0.12 2.50
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Including 30.50 31.50 1.00 1.10 0.91 0.09 0.03 0.24
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And 47.50 50.50 3.00 1.43 0.30 0.10 0.27 1.84
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Including 47.50 48.50 1.00 2.04 0.27 0.15 0.46 2.52
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TF-62-08 63.00 69.00 6.00 1.06 0.60 0.07 0.16 1.81
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Including 63.00 64.00 1.00 1.24 0.48 0.09 0.13 0.88
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Including 66.00 67.50 1.50 1.41 0.64 0.09 0.02 1.84
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TF-66-08 43.00 45.00 2.00 0.79 0.12 0.06 0.01 0.67
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TF-56-08 320.00 325.00 5.00 1.94 0.86 0.16 0.56 3.39
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Including 320.00 322.00 2.00 2.30 0.75 0.15 0.35 3.30
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And 338.00 341.50 3.50 0.94 1.54 0.06 0.00 0.91
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Including 340.50 341.50 1.00 0.84 3.09 0.07 0.00 1.32
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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.
A map of the Lac Levac property showing the best drill results to date
can be found at
goldengooseres.com.
The NISK-1 anomaly remains open at depth and along strike in both directions. A resource estimate dated July 2007 showed 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.
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.
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.
Contacts
Golden Goose Resources Inc.: Jean-Marc Lacoste
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 Person under NI 43-101: Marc Antoine Beaupré
Ing.
(888) 928-4667
Fax: (888) 494-5471
www.goldengooseres.com |
