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.