Medellin, Colombia (PRWEB) April 10, 2013
Goff Corporation’s ("Goff" or “the Company”) (OTCQB: GOFF) wholly owned subsidiary Golden Glory Resources Inc. announces it has entered a Letter Of Intent to acquire a third large gold project in Colombia. The leases, known as the Santa Rosa Gold Project, are located in the well-known gold mining district of the South Bolivar Department, Colombia.
“This acquisition positions our subsidiary Golden Glory Resources right alongside the other largest gold project developers in Colombia,” states Company President Warwick Calasse. “Together with our other projects on La Frontera in the Caldas Region and the Gavia Gold Project at Marmato, we now have agreements and options on 12,464 hectares of highly prospective gold properties. These concessions have the stated potential to contain several multi-million ounce gold and or gold/silver targets. That now puts us on the scale of other major developers, like Gran Columbia, who are successfully developing major projects. We are one of the Country’s largest new gold project developers. The Santa Rosa is a pivotal part of our efforts to expand our gold resource potential in country.”
“What we plan to end up with is the best land package in Colombia where we can apply the best technical work available in country to explore these projects that could potentially yield billions of dollars worth of gold and silver over time,” Calasse adds.
The Bolivar Region is a highly prospective area in a province that is home to a number of international gold mining and exploration companies. The Colombian government has recorded gold production from the region between 1987 and 1994 to be 1,271,000 ounces of gold, and the region is presently reporting the highest annual gold production in Colombia, averaging 275,000 ounces per year since 1991.
Through Golden Glory Resources, Goff Corporation has negotiated nine mining titles covering a massive 11,087 hectares on the Santa Rosa leases and will begin the follow-on due diligence immediately.
Geological reports indicate the Santa Rosa Gold Project area is underlain by a mix of granodiorites, synogranodiorities, quartz monzonites and tonalites. These rocks host many of the plutonic-hosted mesothermal gold deposits in northeastern Colombia, including the Segovia-Remedios Gold belt, which collectively has produced in excess of 24 million ounces of gold that is worth approximately US$38.5 billion at current prices.
The Santa Rosa Project area is host to a number of gold bearing vein type systems, which vary in width and strike length. At present, there are numerous artisanal gold operations in the area, consisting of both underground mining operations that follow veins and shears, and alluvial gold operations, reflecting the gold endowment of the project.
Management has stated that the Company is continuing evaluating other gold properties in the Caldas and surrounding regions of Colombia that are under consideration as potential acquisition targets.
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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