We are on track to carry out all of the tasks that will ensure we are on time and on budget with our diamond drilling program. - Warwick Calasse, Goff Corp, President
Medellin, Colombia (PRWEB) March 27, 2013
Goff Corporation’s ("Goff" or “the Company”) (OTCQB: GOFF) wholly owned subsidiary Golden Glory Resources S.A. provides further details on its gold exploration program planned for its La Frontera Gold Project in Department of Caldas, Colombia.
Golden Glory Resources is developing a comprehensive exploration program for its La Frontera Gold Project in Colombia; Phase One groundwork will provide basis for follow-on planned diamond drilling. The Phase One program is designed entirely around data contained in the Company’s NI43-101 Technical Report and ongoing recommendations from geological staff. The program is meant to reveal highly desirable targets for an approximate 5,000-meter diamond drill program.
The Company’s geological and in country team has begun the task of preparing for Phase One ground exploration efforts to get underway. These include pre-operational tasks such as mapping the geological, geophysical, and geochemical areas to be explored, defining camp and logistical support locations, as well as designing the full scope of the project with the various contractors that will be operating in the field at the La Frontera property.
The leases on LGC15011 or the “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.
Phase One exploration pre-operations and planning efforts are all in anticipation of the immediate exploration diamond drilling and the follow-on assay of core results. The Company expects to commit a budget of approximately US$1.6 million on this Phase One gold exploration program inclusive of drilling. Any budget surplus will be immediately invested into further detailed analysis of the planned ground and drilling work.
Goff Corporation President Warwick Calasse states, “We are working at a breakneck pace to deploy our planned exploration program on the La Frontera leases in Colombia. This is a very intensive process with many aspects that require the full compliment of our staff and consultants to execute. We are on track to carry out all of the tasks that will ensure we are on time and on budget with our diamond drilling program. We are even working through coming holidays in order to move the project forward. The Company is eager to begin delivering results from the La Frontera that can potentially validate our model for large bulk tonnage, low-grade gold and silver targets on our leases.”
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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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.