GoGold starts ore processing at Parral project

May 7, 2014

GOGOLD STARTS PROCESSING ORE AT ITS PARRAL MINE

GoGold Resources Inc.’s Parral heap leach project in Chihuahua, Mexico, has reached a major milestone with the start of commissioning of agglomeration and ore stacking on the heap leach pad. It is anticipated that the first silver/gold Dore pour will occur near the end of this month. The company has been delivering ore to the heap leach facility since late April. The phase one leach pad is nearing completion and will accommodate the first two years of commercial production. Construction of the front-end agglomeration circuit is complete and commissioning has begun. The processing is expected to gradually increase to 5,000 tonnes per day over the next three months. The entire processing facility is approximately 90 per cent complete with the remainder to be finished within the month and the project is on budget.

Visit the company’s website to view up-to-date photos of the plant and heap facility.

Santa Gertrudis gold mine update

GoGold contracted P&E Mining Consultants Inc. to complete a new National Instrument 43-101 resource study and a preliminary economic assessment (PEA) on its Santa Gertrudis gold mine located 180 kilometres north of Hermosillo, Sonora, Mexico. P&E has been working on the studies for a number of months with the NI 43-101 resource expected to be announced in late May, 2014, followed by a PEA announcement in early July. Currently, the project has an NI 43-101 inferred resource of 557,000 ounces of gold in 13.5 million tonnes with an overall grade of 1.28 grams per tonne (g/t). The current resource incorporated only 654 of the 2,422 drill holes on the property. Over the last several months, GoGold and P&E have completed an extensive review of the remaining drill hole data, 200,000 assayed blast holes (digitized for modelling by GoGold), as well as a large database of metallurgical, geological, geotechnical and geochemical data. This extensive review of the 20 years of exploration and production data is expected to increase and reclassify the resource. The company is advancing the project with additional confirmation drilling and environmental studies, targeting a restart of gold production during 2015.

http://www.gogoldresources.com/investors/press-releases/2013-2