ONTARIO - Montreal-based GOLDEN GOOSE RESOURCES has cut multiple gold-bearing intersections during its latest drill program at the former Magino mine, 40 km northeast of Wawa. Mineralization has been intersected in both the granodiorite-hosted quartz vein system and in the newly discovered quartz feldspar porphyry-hosted (QFP) zone.
In the granodiorite stock, the drill intersected multiple gold veins varying from 1- to 10-metres wide with grades from 3 g/t to 60 g/t Au. The deepest intersection was at 350 vertical metres. All holes intersected gold mineralization and each is open at depth. Results are sufficiently encouraging that the program has been extended to trace the system to 450 metres deep. Furthermore, says Golden Goose, the granodiorite stock enlarges with depth, increasing the scope to discover new gold-bearing shear zones.
One hole, which was drilled through the granodiorite into adjacent rocks, resulted in the new discovery of gold mineralization in QFP, as reported in March 2007. Three holes drilled through the west side of the granodiorite extended the QFP zone by 100 metres from the original discovery. Gold is associated with a quartz vein system and shearing, probably related to the same process that produced the gold in the granodiorite. Gold mineralization in the QFP remains open for a significant distance up dip as well as to the west and at depth.
A table of the most recent drilling results (including a 143-g/t Au interval over 0.85 metre) is available at www.GoldenGooseRes.com. Click on Investor Information and Press Release.