The stock of GoGold Resources has dropped almost by 18% over the last month. The shares on June 25 were at Can$3.3000 with enormous fluctuations it has decreasing to Can$2.7050. The average volume exceeds the total volume by 995,453. The Earnings Per Share is Can$2.7100.GoGold Resources Inc. is glad to discharge the results of 8 diamond drill holes from the El Orito area in its Los Ricos North project. Hole LRGO-21-052 intersected 1.7m of 1,181 g/t silver equivalent (“AgEq”) contained within 38.1m of 186 g/t AgEq. Brad Langill, president, and CEO said they are glad to see that the targets located within our IP geophysical program yield excellent drilling results, such as those seen in the LRGO-21-052 well. They have a lot of other goals that need to check in the coming months.
As earlier announced, the Company has launched a geophysical survey with induced polarization (“IP”) to map the sulfide-rich zone along the strike and decline. The hole LRGO-21-052 was drilled because of the IP survey, as surface samples taken in this area did not give convincing results, while the IP survey showed a firm target. The study continues in an easterly direction to the El-Tabor field (see Figure 4).