The NI43-101 Technical Report is a strong endorsement of our approach to the La Frontera Gold Project in Colombia. - Warwick Calasse, President, Goff Corp.
Medellin, Colombia (PRWEB) March 21, 2013
Goff Corporation’s ("Goff" or “the Company”) (OTCQB: GOFF) wholly owned subsidiary Golden Glory Resources S.A. has received a NI43-101 compliant technical report on its LGC15011 Project or the “La Frontera” Gold Project in Dept. Of Caldas, Colombia.
The Technical Report provides detailed information of the location, history, geography, geology and previous work on the leases on the LGC15011 Project or (the “La Frontera Gold Project”) as prepared in March 2013 after in-country geological review and technical analysis of the available data. The Report also includes certain gold exploration assay results and definition of previous mines and workings on the lease areas.
The primary conclusions of the Report support that the La Frontera contains two types of mineralization on the property; a disseminated type related to the intrusive, and a vein type related to the stockwork of the intrusive. These are low-grade, bulk tonnage type occurrences, consistent with other gold and silver prospects in the Caldas and Antioquia Departments.
The leases on LGC15011 or La Frontera Prospect are 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. The Caldas and Antioquia regions are emerging as two of the leading gold producing areas in Colombia, a country that has increased its gold exploration and resultant discoveries dramatically over the past five years. In 2011, the US Geological Survey reported 55,908 kilograms of gold produced with anticipated increases for 2012.
Goff Corporation President, Warwick Calasse states, “The NI43-101 Technical Report is a strong endorsement of our approach to the La Frontera Gold Project in Colombia. The data it offers on the project suggests that the Golden Glory leases offer highly prospective gold and silver targets with the potential for gold, which is believed to be of the low-grade, bulk tonnage type. The Company intends to use this as our foundational roadmap to guide exploration efforts and for further definition of the gold and silver targets.”
Golden Glory Resources’ NI-43101 “Technical Report on the LGC-15011 Project, Aguadas, Caldas Department, República de Colombia” for Golden Glory Resources Inc., May 1st, 2013” was prepared by Ricardo A. Valls, P. Geo, of Valls Geoconsultant. Mr. Valls meets the requirements to be a qualified person for the purposes of NI 43-101, and the technical report has been prepared in compliance with the instrument.
About Goff Corporation
Goff Corporation is a U.S.-based public company. Its wholly owned subsidiary, Golden Glory Resources S.A. is engaged in gold exploration with a view to developing highly prospective gold projects. The Company’s primary interest is the LGC15011 or “La Frontera” Gold Project in Aguadas, Dept. Of Caldas, Colombia. The project is being assessed for its potential as a low-grade, large bulk tonnage gold and silver prospect. Colombia is currently one of the leading gold mining areas in the world producing over 55,509 kilograms of gold (2011), primarily from the region where Goff’s subsidiary Golden Glory Resources holds leases on the La Frontera Property.
For more information see http://www.goffcorporation.com
Cautionary Statement Regarding Forward-Looking Information
This news release contains “forward-looking statements”, as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as “estimate,” “anticipate,” “believe,” “plan” or “expect” or similar statements are forward-looking statements. Risks and uncertainties for the company include, but are not limited to, the risks associated with mineral exploration and funding as well as the risks shown in the company’s most recent annual and quarterly reports on Form 10-K and Form 10-Q respectively, and from time-to-time in other publicly available information regarding the company. Other risks include risks associated with the regulatory approval process, competitive companies, future capital requirements and the company’s ability and level of support for its exploration and development activities. There can be no assurance that the company’s exploration efforts will succeed and the company will ultimately achieve commercial success. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set for herein and should also refer to the risk factors disclosed in the company’s periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release has been prepared by management of the company who takes full responsibility for its contents. None of FINRA nor the SEC has approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell of the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.