Medellin, Colombia (PRWEB) March 26, 2013
Goff Corporation’s ("Goff" or “the Company”) (OTCQB: GOFF) wholly owned subsidiary Golden Glory Resources S.A. has just announced a detailed gold exploration program on its La Frontera Gold Project in Department of Caldas, Colombia to begin within 90 days. Goff Corporation President, Warwick Calasse says that he expects gold’s current price level will help fuel the company’s efforts to target a bulk tonnage, low-grade type gold and silver project on Golden Glory’s leases, and that the time is right for gold in Colombia.
“We see investors looking for a place to put money into gold," Calasse says, “and five of the top gold fund mangers that invest in junior companies point to exploration – especially the juniors such as Golden Glory Resources – as a strong choice for upside potential in gold for 2013. Of course they constantly point to the fact that you need to be very selective about where and what companies you choose. It’s not an across the board type of recommendation to randomly buy gold. The ingredients for success include having the right projects in the right regions and capital to make them happen.”
“The current price of gold and anywhere down to $1500 an ounce appears to push more investors into the market as they see gold as a deep buying opportunity," Calasse adds.
”We are convinced that Colombia is the right place and that our project is very timely. Just look at the other projects in Colombia and their success – such as at Marmato in our district. They continue to attract solid investment. Just like at Marmato, artisanal miners worked the leases at our La Frontera Gold Project for years and several mines were operating, but nothing sophisticated has been applied to this highly prospective property. We will be the first to explore using the full range of modern gold and silver discovery methods. Clearly, Colombia and the Caldas and Antioquia region offers tremendous opportunity for the type of large-scale, bulk tonnage type of gold/silver project that we are targeting,” Calasse says.
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’s wholly owned subsidiary Golden Glory Resources S.A. expects to commit a budget of approximately US$1.6 million on this Phase One gold exploration program.
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
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