GoGold Production Increases 122% over Previous Quarter
HALIFAX, Jan. 5, 2017 /CNW/ - GoGold Resources Inc. (TSX: GGD) ("GoGold", "the Company") announces production for the quarter ended December 31, 2016 of 406,897 silver equivalent ounces. This represents an increase of 122% over the previous quarter.
The production increase was driven by a full quarter of production from the Santa Gertrudis high grade zone recently discovered and improvements at Parral. The Santa Gertrudis high grade material represented approximately 50% of the quarterly production. The Company continues processing the high grade material during the construction of the vat leach plant.
Production at Parral continued to improve each month during the quarter and this improvement is expected to continue into the quarter ended March 31, 2017.
"We are pleased with the results to date and expect this positive momentum to continue into the current quarter" said Brad Langille, CEO.
Mr. Robert Harris, P.Eng. is the qualified person as defined by National Instrument 43-101 and is responsible for the technical information of this release.
About GoGold Resources
GoGold Resources (TSX : GGD) is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high quality projects in Mexico. The Company's Parral Tailings project is one of the lowest cash cost silver producers in the world. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects. For more information visit gogoldresources.com.