Mining News
GoGold reports initial 161Moz silver equivalent resources for Los Ricos North, expects more to come
(Kitco News) - Today, GoGold Resources (TSX: GGD) announced an initial mineral resource estimate for its Los Ricos North project located in Jalisco State, Mexico.
According to a statement, indicated mineral resource at Los Ricos North amounted to 87.8 million ounces silver equivalent grading 122 g/t AgEq contained in 22.3 million tonnes, whereas inferred mineral resource amounted to 73.2 million ounces silver equivalent grading 111 g/t AgEq contained in 20.5 million tonnes.
Therefore, the company said that - including initial resources at Los Ricos North - its total updated measured & indicated mineral resources amounted to 187.5 million ounces silver equivalent, and its total inferred mineral resources amounted to 93.1 million ounces silver equivalent.
"The initial mineral resource estimate at Los Ricos North exceeds expectations for the first 100,000 metres of drilling on these targets. As we embark on the next 100,000 metres of drilling at Los Ricos North, we feel confident in our understanding of the deposits and the exploration potential in 2022 to greatly increase this already substantial mineral resource," said president and CEO Brad Langille.
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GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico.
The company operates the Parral tailings mine in the state of Chihuahua and has the Los Ricos South and Los Ricos North exploration projects in the state of Jalisco.
