TSX:GGD

A Canadian-based gold and silver producer
with properties in Mexico

GoGold Discovers 3.56 g/t Gold Equivalent Over 29.9 Metres True Width From Trenching at its San Diego Project

NEWS RELEASE

May 9, 2011

Trading Symbol:  TSX-V: GGD
Shares Issued:  55,716,665


GoGold Resources Discovers 3.56 g/t Gold Equivalent Over 29.9 Metres True Width From Trenching at its San Diego Project


 

HALIFAX, NOVA SCOTIA -- (CNW – May 9,  2011) - Terry Coughlan, President and CEO of GoGold Resources Inc. ("GoGold" or the “Company”, TSX-V: GGD), is pleased to announce results from the first (8) eight trenches of a large trenching program on-going at the Company’s San Diego Project in Durango, Mexico with all eight trenches returning gold/silver positive results. The Company has discovered wide zones of gold/silver mineralization on surface. Highlights include Trench #L-004 returning 60 metres true width of 1.26 g/t gold equivalent and Trench #L-008 returning 29.9 metres of 3.56 g/t gold equivalent.

The Company currently has (12) twelve geologists on the San Diego Project undertaking a systematic trenching program on the “Breccia Hill Zone” located in the northern portion of the property. At this time, the mineralized surface expression of the zone is interpreted to be 160 metres wide and has been traced over a strike of 400 metres. The zone outcrops up the side of a hill for approximately 150 metres of vertical relief and is open to depth and disappears under cover to the north. Drilling is being planned in these areas to define the extent of the zone. The trench widths reported below may not represent the total width of the mineralized zone because continuous sampling across the full width was inhibited due to ground cover and steep talus slopes. GoGold’s geologists believe that a good portion of the hill is mineralized.

Highlights of the first (8) eight Trenches of the Breccia Hill Zone:

Trench #

True Width (m)

Gold Eq  g/t

Gold g/t

Silver g/t

L-001

59.0

0.81

0.51

13.8

L-002

5.8

2.86

1.74

51.6

L-003

7.2

1.67

1.18

22.5

L-004

60.0

1.26

0.68

26.7

L-005

15.8

2.04

1.23

37.3

L-006

12.3

0.58

0.22

16.4

L-007

8.5

0.66

0.52

6.4

L-008

29.9

3.56

2.63

43.1

Silver / Gold ratio of 46:1 used for Gold Equivalent)

Trenches are true width but do not entirely cut the 160m width of the zone. A map showing trench location can be found at http://gogoldresources.com/index.php/investors/trench-locations

 

Breccia Hill Zone

Sampling has been completed on the surface in trenches and underground through cross cuts within small historic past producing hand-dug mines (reportedly dating back as far as the 1700’s). Sampling is on-going and we await additional results from samples recently delivered to the lab.

“We are extremely pleased to have commenced our strategic exploration plan at our San Diego Project in Durango, Mexico” stated Terry Coughlan, President & CEO.  “Brad Langille, the Company’s Strategic Advisor, and our team of geologists are very familiar with both the geology and the terrain of the area. We look forward to receiving additional results from the samples currently in process.”

Sample Protocol and Trench Techniques

Samples were collected with hammer and chisel along a continuous line of exposed rock. Fragments or chip samples from a channel of approximately 5cm or less in depth were collected in numbered plastic sample bags, and approximately 2 to 3 kg of rock was collected. Sample intervals are marked on the rock with spray paint along with the sample number. All samples collected by GoGold were supervised by Ramon Luna P.Geo. These samples were bagged, tagged and sealed at the sample site and delivered to ACTLAB in Zacatecas, Mexico.

All samples were processed by method (A.A) Atomic Absorption FAG323 and ICP14. All samples were first assayed by method FAG323 for gold and silver which has detection limits for Au of 3 g/t and Ag 5 g/t. A 30g sample was assayed by Fire Assay with an AAS finish for Au and a gravimetric finish for Ag.

Mr. Ramon Luna P.Geo is the qualified person as defined by National Instrument 43-101 and is responsible for the preparation of this release.

For further information please contact:
Terence F. Coughlan, President
GoGold Resources Inc.
T: 902 482-1998
F: 902 442-1898
or visit GoGold’s website at: www.gogoldresources.com

 

CAUTIONARY STATEMENT:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release includes certain “forward-looking statements”.  All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of GoGold, are forward-looking statements that involve various risks and uncertainties.  There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.  Important factors that could cause actual results to differ materially from GoGold’s expectations are exploration risks detailed herein and from time to time in the filings made by GoGold with securities regulators.

(Not for distribution to US wire services or for dissemination in the United States of America)