Medellin, Colombia (PRWEB) April 22, 2013
Goff Corporation’s ("Goff" or “the Company”) (OTCQB:GOFF) wholly owned subsidiary Golden Glory Resources S.A. reports the Company plans to increase the scale of its expected drilling exploration program on its Gavia Gold Project in Marmato Mining District, Colombia dramatically during 2013 in order to target high grade gold.
The initial exploration drilling plan forwarded by management suggested that the Company may need to only explore select sample areas on the Gavia Gold Project in order evaluate a the potential targets for gold/silver. Management’s further review indicates that the property is suited to potential high grade gold and may hold potential for multiple targets, along with immediate gold production on a limited scale.
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 2.2-4.5 gram per ton 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.
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 its best opportunity may lie in evaluating a much broader set of targets and it may be viable to establish a gold mining and production mill operation on a limited scale.
Company President Warwick Calasse states, “The data and assessment work up on the Gavia Gold Project at Marmato is bringing to light some very important prospects. We know there are several significant gold/silver targets, but the management now feels that the best opportunities may lie in increasing our exploration drilling to validate the new model for high grade gold that’s emerging. We also have the possibility of putting in a gold mining and production mill operation on the Gavia, which would help offset increased costs from a much larger proposed exploration drilling program. In the end, we want to have the best definition of the total potential resource on the Gavia Gold Project with the least amount of time to achieve it. This looks like it could be our best path to reach that goal.”
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 for both the exploration drilling program and production work plan for the limited 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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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.