The current data is consistent with the low-grade, bulk tonnage gold that is present, but we are incorporating the additional perspective that adds the potential for a deeper, high grade gold source –a Marmato-type resource.- Warwick Calasse, President
Medellin, Colombia (PRWEB) March 28, 2013
Goff Corporation’s ("Goff" or “the Company”) (OTCQB:GOFF) wholly owned subsidiary Golden Glory Resources S.A. reports that samples gathered as part of the Company’s initial exploration on its La Frontera Gold Project in Department of Caldas, Colombia are confirming the mineralization type on the sampled areas and may indicate excellent potential for a deeper, high grade gold source. This new model could increase potential resource value by a multiple of ten times the original targets.
Golden Glory Resources is developing a comprehensive exploration program for its La Frontera Gold Project in Colombia. In the preparatory groundwork and data collection, previous assay records were gathered, tabulated and combined with small samples from the alteration zone and a mineralized quartz vein on the property. While both samples confirmed gold values consistent with the model being developed for large tonnage, low-grade gold and silver targets, the vein sample showed the presence of path elements such as As, Ba, Cu and others. Considering the porphyritic environment, consultants believe it is possible to expect a large tonnage, low-grade type of deposit and may have potential to intersect a bonanza zone where grades could be higher in the 10x magnitude.
A similar model has been developed at Marmato Mountain also in the Caldas, Colombia District, which has measured, indicated and inferred resources of over 14.2 million ounces gold and 89,000+ ounces silver.
The details of the initial samples and geological background are contained in the NI43-101 Technical Report “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.
Goff Corporation President Warwick Calasse states, “As we build our understanding of the geology and mineralization on the La Frontera Gold Project, we are reviewing data and processing the models that could help in our approach. The current data is consistent with the low-grade, bulk tonnage gold that is present, but we are incorporating the additional perspective that adds the potential for a deeper, high grade gold source –a Marmato-type resource. This has been forwarded as a result of the additional samples, area geological assessment and interpretation from further review.”
“We will pursue gold and silver wherever it may exist on our project, but the goal is always to develop a larger scale project with maximum value,” Calasse adds.
The Company’s geological and in country team has begun the task of preparing for Phase One ground exploration efforts to get underway.
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.
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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