(Our) comprehensive drilling program that will cover the existing area on the Gavia leases and give us an accurate assessment of this project’s potential for near surface gold/silver targets and the next steps to a phased program.-W. Calasse, President
Medellin, Colombia (PRWEB) April 12, 2013
Goff Corporation’s ("Goff" or “the Company”) (OTCQB: GOFF) wholly owned subsidiary Golden Glory Resources S.A. announces it plans to pursue a 20-hole diamond drill exploration program on its Gavia Gold Project in the Marmato region, Caldas District, Colombia. The leases are reported to offer multimillion ounce, large tonnage, bulk mineable targets with potential up to three grams of gold per ton average. Golden Glory Resources will be targeting near surface gold/silver targets using technical information developed by the Company’s geo-technical team.
Previous drilling has been carried out on the Gavia Property, and revealed gold grades averaging about 1 gram per ton. Historical data indicates the Gavia Property has gold potential of over 20 million ounces contained based on mapping, soil samples and existing tunnels.
Goff subsidiary Golden Glory Resources’ comprehensive drill program is expected to include drilling up to 20 diamond drill holes to a depth of at least 300 meters. Gold mineralization at Gavia occurs mainly as very fine particles (usually sub-microscopic) intimately associated with a very large sequence of highly altered and pyrite-rich pyroclastic rocks believed to be located within an ancient volcanic caldera. A flat lying non-mineralized basaltic lava flow provides a "cap" over some of the Gavia exploration license.
Previous geological and geophysical work suggests the "target" pyroclastic rocks have a minimum dimension of 2000 meters long, up to 1000 meters wide and at least 400 meters in depth. Where they outcrop, the pyroclastic rocks all contain elevated gold values up to 312 g/t over a 10-meter length.
In addition, extensive underground tunnel sampling, carried out 50 meters below the surface has outlined a stockwork system of quartz-sericite veins and veinlets at least 100 meters wide and open in three areas on the Gavia property. This zone referred to as Las Animas, appeared to average between 2.2-4.5g/t gold, and much higher (more than 10 g/t gold) if known bonanza zones were included.
Goff Corporation President Warwick Calasse states, “The Company plans to follow the previous data and drilling information on the Gavia Gold Project in preparing our drill program. There is some good information that requires qualification through our geo-technical staff and on ground consultants in Colombia. We plan to put together a comprehensive drilling program that will cover the existing area on the Gavia leases and give us an accurate assessment of this project’s potential for near surface gold/silver targets and the next steps to a phased program.”
In coordinating its efforts, the Company has also announced it expects to pursue environmental licensing from Corpocaldas of the government of the Province of Caldas, Colombia, as well as approval of communities potentially impacted. Private land owners in the area have previously demonstrated their willingness to allow drilling, which was carried out on the Gavia Gold Project property.
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 low-grade, large bulk tonnage 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
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