Goff Corporation Subsidiary Golden Glory Resources' La Frontera Gold Project In Colombia To Begin 5,000-Meter Diamond Drilling Program Within 90 Days
The Phase One diamond drilling exploration program by Goff Corp. subsidiary Golden Glory Resources S.A. is planned to begin on the La Frontera Gold Project in 90 days with a projected budget of US$1.6 million
MEDELLIN, Colombia, Mar 25, 2013 (GLOBE NEWSWIRE via COMTEX) -- via PRWEB - Goff Corporation's ("Goff" or "the Company") (OTCQB:GOFF) wholly owned subsidiary Golden Glory Resources S.A. plans to begin a 5,000-meter diamond drilling program on its La Frontera Gold Project in Department of Caldas, Colombia within 90 days. The Company expects to commit a budget of approximately US$1.6 million on this Phase One gold exploration program. Golden Glory Resources S.A, has announced its exploration program for 2013 on the Company's La Frontera Gold Project, Colombia including surface sampling and assays, aerial and satellite geological assessment, and enhanced surface and in ground imaging. Its efforts will be supported by an approximate 5,000-meter diamond drilling program with oriented core to define inferred resources in close proximity to the known resources.
The diamond drilling program is expected to follow several other initiatives as part of the Phase One Exploration Program, which will be overseen by the Company's geological staff and leading geological consultants following the assessments provided in the NI43-101 Technical Report received by Golden Glory Resources in March 2013.
Goff Corporation President, Warwick Calasse states, "The planned 5,000-meter diamond drilling program by our subsidiary Golden Glory Resources is the mantle of our announced multi-phase exploration program for the La Frontera Gold Project in Colombia. In order to really examine the mineralization on the property and get the most accurate picture of what gold/silver may occur on our leases, we have planned this diamond drilling program. We expect to work closely in country with the leading geological consultants and employ the best data possible in defining our gold/silver targets. We expect to see drilling within 90 days, based on the estimates to mobilize all of the resources for this important undertaking."
Several of the areas on the LGC15011 or "La Frontera Prospect" were worked for 15 years by small Artisanal miners in the region. The entire lease set is comprised of 1227 hectares of mineral leases in the Aguadas area, Department of Caldas, located about 60 kilometers south of Medellin in Northern Colombia. Roughly 30% of the La Frontera property also straddles the Antioquia region.
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