Medellin, Colombia (PRWEB) April 18, 2013
Goff Corporation’s ("Goff" or “the Company”) (OTCQB:GOFF) wholly owned subsidiary Golden Glory Resources S.A. now has several major gold projects in progress in Colombia where the Company believes new prospects for 2013 remain strong, according to information coming out of South America’s second largest gold producer.
Company President Warwick Calasse states, “The information we are receiving on gold projects in the regions of Colombia where we are prospecting for gold and gold/silver targets indicates that about 29 million ounces of gold from new discoveries will be delivered into either prefeasibility or feasibility studies in 2013. That means that the gold will be evaluated for grade and the companies developing it will define the actual resources. That amount comes out of a total of over 93 million ounces that have been discovered over the past couple of years. That is very significant for a country that had very little gold production just a decade a go.”
“Several of the discoveries in the region have been multi-million ounce discoveries, such as Gran Colombia at the Marmato Mountain. That is true in each of the areas where we are proceeding; Caldas, Marmato and South Bolivar. Each of our new projects are providing indications of multiple targets for gold and silver. We are building a major presence on the ground here, not just in size of leases but also in the team and consultants that are taking the lead on our projects. We are leveraging the strengths created by the other exploration and development companies to deliver results that can earn us a place among the top players.”
Golden Glory Resources currently has three significant lease acquisitions in Colombia; the La Frontera Gold Projects in the Department of Caldas; the Gavia Gold Project in the Marmato district and the Santa Rosa Gold Project in the South Bolivar Region in Northern Colombia. Together the three lease packages total 12,465 hectares of mining concessions positioning Goff Corp. as one of the largest new gold prospect developers in Colombia.
“We recognize the fact that gold has moved off of its highs and is in new territory. That does not affect our plans to develop what we believe are highly prospective gold projects with potential multi-million ounce targets,” Calasse adds.
The Company’s geological and in country teams have begun the task of preparing for Phase One ground exploration efforts to get underway and received additional data which is being processed including advanced modern satellite imagery and ground sample data.
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.