Medellin, Colombia (PRWEB) April 19, 2013
Goff Corporation’s ("Goff" or “the Company”) (OTCQB:GOFF) wholly owned subsidiary Golden Glory Resources S.A. reports the Company is evaluating plans to establish gold production on its Gavia Gold Project in Marmato Mining District, Colombia during 2013 using a small-scale production mill in order to target high grade gold.
In evaluating the leases, which are located in the highly prospective Caldas gold region, the Company’s geological and in country teams are suggesting that it may be viable to establish a small scale gold mining and production mill operation for a relatively small budget, but with significant potential payback.
Company President Warwick Calasse states, “The idea of putting in a gold mining and production mill operation on the Gavia Gold Project is being forwarded for several reasons; foremost because of the high grade, near surface gold potential that comes from veins and channels already worked by artisanal miners on the property which could put Goff Corporation and Golden Glory Resources immediately into the gold producer category. But alongside the potential revenue from gold that would help offset exploration and drilling costs, the results from this simple mining approach would provide us with significant additional data on the concession. This could help speed the exploration process at Gavia and strengthen our value there.”
Previous drilling has been carried out on the Gavia Property and revealed gold grades averaging about 1 gram per ton. 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. Based on sampling results, it appeared to average between 2.2-4.5g/t gold, and much higher (more than 10 grams per ton gold) if known bonanza zones were included.
Historical data indicates the Gavia Property has gold potential of over 20 million ounces contained, based on mapping, soil samples and existing tunnels.
The Company’s geological and in country teams have begun the task of preparing for ground exploration and are using a model developed for use on a similar project in the Marmato Mining region to derive a costs basis and production work plan for the small scale mining and milling operation.
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
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