Medellin, Colombia (PRWEB) March 15, 2013
Goff Corporation ("Goff" or “the Company”) (OTCQB:GOFF) through its wholly owned subsidiary Golden Glory Resources S.A. (“Golden Glory”), has acquired 100% interest in mineral leases in the Aguadas, Department of Caldas, Colombia area – a region well known for multiple gold discoveries within the past several years as Colombia has opened its doors to global mining interest.
The leases on LGC15011 or known 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 Colombia’s northern region. The leases were acquired 100% from a Colombian mining company.
The Caldas Region is widely regarded in the mining investment community as one of Colombia’s hottest gold exploration and production areas. In 2011 an estimated 55,908 kilograms of gold valued at over USD $2.8 billion were produced in that South American country (Source: USGS Yearbook 2011 Colombia). Approximately two-thirds of Colombian gold production has been from placer deposits in the Department of Antioquia, which is immediacy adjacent to and straddles about 30% of the leases where Golden Glory’s La Frontera Project is located.
Exploration was carried out by previous leaseholders and several artisanal miners have produced gold from the La Frontera property. This data, combined with modern mining approaches and review led to the acquisition and new initiative being launched by Goff subsidiary Golden Glory Resources.
Based on the size of the leases and the exploration target area, this project is seen to be on the order of six times as large as notable prospects with similar gold type and potential – namely the Marmato mountain development by junior mining exploration companies in the Caldas area.
Goff Corporation President, Warwick Calasse states, “We are very encouraged by the initial acquisition we have landed in Colombia’s productive Caldas and Antioquia gold regions. The property shares a similar profile to many other successful gold projects in the region and has all the earmarks of a small, local operation that could quickly turn into something much, much larger – such as the multi-million ounce projects emerging in the Marmato. We plan to move quickly to establish detailed exploration. We want show our investors the potential for gold and get to drilling immediately. The La Frontera Gold Project is a highly prospective gold and silver target.”
Goff Corporation has requisitioned a detailed technical report on the La Frontera Gold Property to be issued immediately. The report is expected to contain comprehensive information on the property, its geology, mineralization, geography and a summary of proposed development initiatives for potential gold and silver targets and possible gold production.
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 interest on Golden Glory Resources hold its leases on the La Frontera Property.
For more information see http://www.goffcorporation.com