GGD.TO · 2019-06-05 12:00:00

GoGold Drills 18.5m Averaging 3.07 g/t Gold Equivalent in Deepest Hole to Date at the Los Ricos Project Confirming Deposit Open at Depth

Drill Results

GoGold Drills 18.5m Averaging 3.07 g/t Gold

Equivalent in Deepest Hole to Date at the Los

Ricos Project Confirming Deposit Open at

Depth

Trading Symbol: TSX: GGD

Shares Outstanding: 171,776,481

HALIFAX

June 5, 2019

/CNW/ -

GoGold Resources Inc. (TSX: GGD) ("GoGold", "the

Company")

confirms the deposit is open at depth and continues to deliver strong assay results from

an additional five diamond drill holes at the recently acquired 29 concession Los Ricos project

located about 100 km northwest of the city of

Guadalajara, Mexico

"Our understanding of the Los Ricos deposit has been greatly enhanced by incorporating the

historical underground gold and silver assay data from over 10,000 channel samples collected in the

stopes, crosscuts, raises and winzes into our 3D models. This has allowed us to visualize the down-

dip extensions of the high-grade deposits and provides an approach for the team to continue drilling

successful holes like these" stated

Brad Langille

, President and CEO.

Diamond drill hole LRGG-19-011 intersected

18.5m

averaging 1.20 g/t gold, 140.3 g/t silver and

3.07 g/t gold equivalent, including

8.4m

averaging 2.16 g/t gold, 227.8 g/t silver and 5.19 g/t gold

equivalent. The drill hole was laid out to drill

75m

down dip below the deepest intersection to date

on the property.

Diamond drill hole LRGG-19-013 intersected

15.6m

averaging 0.78 g/t gold, 194.7 g/t silver and

3.38 g/t gold equivalent including

8.8m

averaging 1.30 g/t gold, 296.5 g/t silver and 5.25 g/t gold

equivalent. Diamond drill hole LRGG-19-014 intersected

14.2m

averaging 1.10 g/t gold, 126.8 g/t

silver and 2.79 g/t gold equivalent including

7.70m

averaging 1.94 g/t gold, 209.3 g/t silver and 4.73

g/t gold equivalent.

Detailed intersections are in Table 1, and the location of drill holes are included in Table 2. A visual

representation of the drill holes is available at

gogoldresources.com

Table 1: Drill Hole Intersections

Hole ID

Comment

From

Length

AuEq

(m)

(g/t)

LRGG-19-011

Main

253.0

271.5

18.5

1.20

140.3

3.07

including

261.8

270.3

8.4

2.16

227.8

5.19

LRGG-19-012

Main

220.3

238.0

17.8

0.59

82.7

1.69

including

224.5

238.0

13.5

0.77

100.4

2.11

including

228.5

235.5

7.0

1.16

131.9

2.92

LRGG-19-013

Main

163.9

179.5

15.6

0.78

194.7

3.38

including

166.0

174.8

8.8

1.30

296.5

5.25

including

166.0

168.2

2.2

2.09

331.7

6.52

LRGG-19-014

Main

204.3

218.5

14.2

1.10

126.8

2.79

including

208.3

216.0

7.7

1.94

209.3

4.73

and

224.5

228.0

3.5

0.16

26.5

0.51

LRGG-19-015

Main

23.4

40.5

17.1

0.71

67.9

1.62

including

27.0

32.6

5.6

1.68

137.2

3.51

Open Stope

40.5

43.7

3.2

Main

43.7

54.0

10.3

1.19

85.0

2.33

including

43.7

49.0

5.3

2.02

138.1

3.87

Note true width

AuEq converted using a silver to gold ratio of 75:1

3.2m underground working, no sample

ble 2: Drill Hole Locations

Hole ID

Easting

Northing

Elevation

Azimuth

Dip

Final

LRGG-19-011

610393

2327553

1429.0

50.0

-50.0

312.0

LRGG-19-012

610463

2327543

1483.0

50.0

-50.0

273.0

LRGG-19-013

610509

2327581

1445.0

50.0

-50.0

211.5

LRGG-19-014

610506

2527514

1428.0

50.0

-50.0

267.0

LRGG-19-015

610811

2327508

1450.0

50.0

-50.0

72.0

GoGold commenced a

10,000 m

diamond drilling program of HQ size core in conjunction with a field

program of geological mapping, sampling and trenching on the property in

March 2019

. The core

drilling campaign is focused on defining the mineralized halo around the historical high grade ore

shoots as defined by the underground workings and the 65 historical RC drill holes on the property.

The diamond drill core (HQ size) is geologically logged, photographed and marked for sampling.

When the sample lengths are determined, the full core is sawn with a diamond blade core saw with

one half of the core being bagged and tagged for assay. The remaining half portion is returned to

the core trays for storage and/or for metallurgical test work.

The sealed and tagged sample bags are transported to the ActLabs facility in

Zacatecas, Mexico

ActLabs crushes the samples and prepares 200-300 gram pulp samples with ninety percent passing

Tyler 150 mesh (106μm). The pulps are assayed for gold using a 50 gram charge by fire assay

(Code 1A2-50) and over limits greater than 10 grams per tonne are re-assayed using a gravimetric

finish (Code 1A3-50). Silver and multi-element analysis is completed using total digestion (Code 1F2

Total Digestion ICP). Over limits greater than 100 grams per tonne silver are re-assayed using a

gravimetric finish (Code 8-Ag FA-GRAV Ag).

Quality Assurance / Quality Control and Data Verification

Quality assurance and quality control ("QA/QC") procedures monitor the chain-of-custody of the

samples and includes the systematic insertion and monitoring of appropriate reference materials

(certified standards, blanks and duplicates) into the sample strings. The results of the assaying of

the QA/QC material included in each batch are tracked to ensure the integrity of the assay data. All

results stated in this announcement have passed GoGold's QA/QC protocols.

Mr.

David Duncan

, P. Geo. is the qualified person as defined by National Instrument 43-101 and is

responsible for the technical information of this release.

About GoGold Resources

GoGold Resources (TSX: GGD) is a Canadian-based silver and gold producer focused on

operating, developing, exploring and acquiring high quality projects in Mexico. The Company

operates the Parral Tailings project in the

state of Chihuahua

and has the Los Ricos exploration

project in the state of

Jalisco

. Headquartered in

Halifax, NS

, GoGold is building a portfolio of low

cost, high margin projects. For more information visit

gogoldresources.com

CAUTIONARY STATEMENT:

The securities described herein have not been, and will not be, registered under the United States

Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and

may not be offered or sold within

the United States

or to, or for the benefit of, U.S. persons (as

defined in Regulation S under the U.S. Securities Act) except in compliance with the registration

requirements of the U.S. Securities Act and applicable state securities laws or pursuant to

exemptions therefrom. This release does not constitute an offer to sell or a solicitation of an offer to

buy of any of GoGold's securities in

the United States

This news release may contain "forward-looking information" as defined in applicable Canadian

securities legislation. All statements other than statements of historical fact, included in this release,

including, without limitation, statements regarding the Parral tailings project, the Los Ricos project,

future operating margins, future production and processing, and future plans and objectives of

GoGold, constitute forward looking information that involve various risks and uncertainties. Forward-

looking information is based on a number of factors and assumptions which have been used to

develop such information but which may prove to be incorrect, including, but not limited to,

assumptions in connection with the continuance of GoGold and its subsidiaries as a going concern,

general economic and market conditions, mineral prices, the accuracy of mineral resource

estimates, and the performance of the Parral project There can be no assurance that such

information will prove to be accurate and actual results and future events could differ materially from

those anticipated in such forward-looking information.

Important factors that could cause actual results to differ materially from GoGold's expectations

include exploration and development risks associated with GoGold's projects, the failure to establish

estimated mineral resources or mineral reserves, volatility of commodity prices, variations of

recovery rates, and global economic conditions. For additional information with respect to risk

factors applicable to GoGold, reference should be made to GoGold's continuous disclosure

materials filed from time to time with securities regulators, including, but not limited to, GoGold's

Annual Information Form. The forward-looking information contained in this release is made as of the

date of this release.

SOURCE

GoGold Resources Inc.

View original content:

http://www.newswire.ca/en/releases/archive/June2019/05/c4602.html

%SEDAR: 00029249E

For further information:

Steve Low, Corporate Development, GoGold Resources, T: 416 855

0435, E: [email protected]

CO: GoGold Resources Inc.

CNW 08:45e 05-JUN-19

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