The methods being employed by Geoconsultora Fénix in exploring our highly prospective gold project at La Frontera are the absolute best technology available.- Warwick Calasse, President, Goff Corp.
Medellin, Colombia (PRWEB) April 11, 2013
Goff Corporation’s ("Goff" or “the Company”) (OTCQB: GOFF) wholly owned subsidiary Golden Glory Resources Inc. has engaged Geoconsultora Fénix S.A.S., a leading geo–technical consulting firm in Colombia to conduct the exploration program on its La Frontera Gold Project. Fénix will be using the advances provided by modern satellite interpretation to help determine gold/silver targets on the leases.
The leases on Goff subsidiary Golden Glory Resources’ LGC15011 or La Frontera Gold Project 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.
The Company's main area of focus includes the La Frontera mine worked for 15 years by small Artisanal miners in the region. On the same lease, a collapsed tunnel known as The Bramadora has been located, which according to workers in the region, was made by a company with the same name about 10 years ago.
To support its efforts, the Company is acquiring a full set of orthorectified ASTER satellite scenes from the Vancouver, Canada based company PhotoSat. These images provide the foundation for PhotoSat's suite of alteration and color enhanced image products for gold, silver, copper, uranium, and nickel exploration projects.
Besides a DEM of remarkable accuracy, Fénix requested from PhotoSat both digital and image data from the following products:
- Color Image
- Iron Oxide Alteration
- Hydroxyl Alteration: Intensity (Alunite, Sericite, Kaolinite, Dickite, Illite and Montmorillonite)
- Hydroxyl Alteration: Kaolinite - Alunite
- Sericite Alteration
- Silica Alteration
- Vegetation Intensity
- Grayscale Images
A combination of Silica alteration and Hydroxyl Alteration, Kaolinite – Alunite can be extremely efficient in determining potential ore zones within a porphyry, which is the case of the studied property at La Frontera.
These images also provide an excellent base for mapping and Fénix has the technology to integrate both geochemical and geophysical data with the satellite images to provide an even stronger exploration tool.
Goff Corporation President Warwick Calasse states, “The methods being employed by Geoconsultora Fénix in exploring our highly prospective gold project at La Frontera are the absolute best technology available. The case in point is their use of modern satellite interpretation employing PhotoSat imaging to help determine potential mineral zones. This sophisticated approach will help the Company to carry out a cost efficient and strategic exploration program that covers the entire lease area. It is really something to see how revealing the modern satellite interpretation is. This is a foundational effort that can make our planned exploration extremely accurate.”
Information received by the Company including its NI43-101 Technical 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.
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 is assessing multiple projects for their potential as gold and silver prospects. 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.
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.