Outlook for 2021 by GoGold

GoGold Resources provides an outlook of

Milestones and deliverables for 2021 

As we look forward to 2021, we feel the Company is on the verge of unlocking the significant potential of Los Ricos to create value for the shareholders, Brad Langille, President and CEO stated, the key milestones for the Company in 2021 will include! 

A Preliminary Economic Assessment at Los Ricos South in January is an aggressive 100,000 metre drill program at Los Ricos North focussed on discovery and an initial mineral resource at Los Ricos North in the summer of 2021. Parral continues to generate strong cash flow sufficient to fund the overhead and exploration allowing the Company to be a self-funding junior with one of the largest exploration drill programs in Mexico. With our strong balance sheet which exceeds US$55 million in cash, we are well funded to unlock the true value of Los Ricos.

The Company initially acquired the Los Ricos projects in March of 2019 and began the Los Ricos South drilling program at that time.  The Company was able to drill 222 holes totaling 33,600 metres in 15 months from the acquisition date to the Resource date at Los Ricos South. 

During 2020, GoGold’s exploration team identified over 100 targets on the Los Ricos North properties, demonstrating the significant exploration potential.  

The Company plans to drill 10 of these targets as part of its 2021 drilling program which is planned to exceed 100,000 metres of drilling and will be one of the largest in Mexico.

 The Company is working towards completing an Initial Mineral Resource Estimate at Los Ricos North, which is expected to be released in 2021. The Company is currently in the process of completing an ESG report, which will be made available on the GoGold website in 2021 after completion.  This report will provide full detail on all of the ESG processes in place by the Company.






 

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