TSX:GGD

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

GoGold Averages 1.52 G/T Gold Equivalent from a Total of 918 Samples Within Breccia Hill Open Pit Target - Readies Site for Drilling

NEWS RELEASE

PR 12 - 2011

July 20, 2011
Trading Symbol: TSX-V: GGD
Shares Issued: 55,966,665


GoGold Averages 1.52 G/T Gold Equivalent from a Total of 918 Samples Within Breccia Hill Open Pit Target - Readies Site for Drilling


Terry Coughlan, President and CEO of GoGold Resources Inc. (“GoGold” or the “Company”)( TSXV: GGD), is pleased to announce further samplings within crosscuts and surface trenching at the Breccia Hill Open Pit Target at its San Diego Project in Durango, Mexico. To date, the Company has taken a total of 918 samples within the open pit target area and the arithmetic average assay of all 918 samples is 1.23 g/t gold and 13.15 g/t silver, for a gold equivalent of 1.52 g/t at a 46:1 silver to gold ratio.

The Company continues to find additional high grade structures within the Breccia Hill Open Pit Target and highlighted results are detailed in the tables below. To date, the zone mapped by company geologists extends 400 metres in length and is 160 metres wide and has a vertical relief up a hill for approximately 150 metres. The zone and is open along strike and to depth below the valley floor.

Currently the Company is preparing drill roads and pads in preparation for drilling anticipated to start within the next few weeks. The sampling of the Breccia Hill Target is completed on surface and underground. Company geologists are now mapping and sampling south of this target with the intention of expanding the mineralized footprint in the area.

The most recent sampling and final assays from Breccia Hill can be found in Table-01 below. Highlights are 27.4 metres of 1.44 g/t gold equivalent true width from a surface trench, 2.33 metres of 14.18 g/t and 4.00 metres of 4.81 g/t and 5.0 metres of 9.20 g/t and 2.00 metres of 30.19 g/t gold equivalent true width were returned from underground sampling.

See Table-01 below for the newest results:

Sample True Width (metres) Gold Equivalent g/t Gold g/t Silver g/t
SDL-29* 18.00* 1.31 0.89 19.32
SDL-30* 14.00* 0.31 0.13 8.4
SDL-31 27.4 1.44 0.78 30.55
SDL-32* 2.00* 1.34 0.99 16.33
SDL-33 13.65 0.4 0.21 8.56
SDL-35 1.2 3.66 3.08 26.5
SDL-36 1.52 12 11.37 28.75
SDL-37 2.33 14.18 12.78 64.5
SDL-38 2 12.06 9.48 118.66
SDL-39 2 9.68 9.04 29.66
SDL-40 4 4.81 4.22 27.25
SDL-43 1 1.51 1.21 14
SDL-44 1 30.26 27.3 136
SDL-45 1 8.72 7.98 34
SDL-48 1 19.48 18.98 23
SDL-48 1 1.84 1.2 29.64
SDL-49 2 4.17 3.83 15.86
SDL-51 5 9.2 7.75 66.6
SDL-52 2 30.19 23.86 291.33
SDL-53 2 7.28 6.06 56
SDL-54 2 6.47 5.82 30
SDL-55 & 56 1 3.42 3.04 17.31
SDL-57 to 59 1 5.47 4.89 26.66

Note: * Not true width
Some samples were taken outside the Breccia Hill Open Pit Alteration Zone. SDL-34, 41, 42, 46, 47, 50, and 60 – 69 – were low-grade.

Silver/Gold ratio of 46:1 used for Gold Equivalent. (Metallurgical recoveries and net smelter returns are assumed to be 100%)

 

Table-02: Previously Released Highlights (July 06, 2011)

Underground sampling of the Breccia Hill Zone:

Underground X-cut sampling True Width (m) Gold Equivalent g/t Gold g/t Silver g/t
SDL-14 4.86 5.93 5.2 33.6
SDL-15 2.97 8.42 6.93 68.33
SDL-16 2.69 7.55 6.98 26
SDL-17 2.55 8.31 7.53 36
SDL-18 2.65 5.76 4.76 46
SDL-19 3.92 3.25 2.53 33.25
SDL-22 1.87 7.47 6.69 36
SDL-23 1 3.23 2.49 34
SDL-24 4.79 2.51 2.13 17.2
SDL-25 3.46 9.11 7.58 70.25
SDL-26 5.82 9.75 8.66 50.5
SDL-27 2.76 6.82 6.24 26.66
SDL-28 7.84 13.25 12.51 34.12

Silver/Gold ratio of 46:1 used for Gold Equivalent. (Metallurgical recoveries and net smelter returns are assumed to be 100%)

 

Table-03: Previously Released Highlights (June 2, 2011) of the first underground sampling of the Breccia Hill Zone:

Underground X-Cut Sample True Width (m) Gold Equivalent g/t Gold g/t Silver g/t
SDL-07 and 36 3.12 2.81 14.32
SDL-07 49 0.44 0.33 5.01
SDL-08 16 2.12 1.92 9.12
SDL-11 and 19.2 0.16 0.11 2.38
SDL-11 11 0.41 0.11 14
SDL-12 15 0.44 0.27 7.72
SDL-13 5.3 14.17 12.68 68.5

Silver/Gold ratio of 46:1 used for Gold Equivalent (Metallurgical recoveries and net smelter returns are assumed to be 100%) Note: SDL-09 and 10 were low-grade.

 

Table-04: Previously Released Highlights (May 9, 2011) of the first (8) eight surface Trenches of the Breccia Hill Zone:

Trench # True Width (m) Gold Equivalent   g/t Gold g/t Silver g/t
L-001 59 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 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. (Metallurgical recoveries and net smelter returns are assumed to be 100%) Note: Trenches are true width but do not entirely cut the 160m width of the zone.

 

Sample Protocol and Trench Techniques

Samples were collected on surface and underground with hammer and chisel along a continuous line of exposed rock. Fragments or chip samples from a channel 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 and CEO
or
Sean Tufford, Vice President - Corporate Development
GoGold Resources Inc.
T: 902 482-1998
F: 902 442-1898

Email : This email address is being protected from spambots. You need JavaScript enabled to view it.
Or visit : 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)