GGD.TO · 2019-04-24 12:00:00

GoGold Drills 20.4m Averaging 6.45 g/t Gold Equivalent Including 7.2m at 17.77 g/t Gold Equivalent at the Recently Acquired Los Ricos

Drill Results

GoGold Drills 20.4m Averaging 6.45 g/t Gold

Equivalent Including 7.2m at 17.77 g/t Gold

Equivalent at the Recently Acquired Los Ricos

Trading Symbol: TSX: GGD

Shares Outstanding: 171,776,481

HALIFAX

April 24, 2019

/CNW/ -

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

Company")

continues to deliver strong assay results from an additional four diamond drill holes at

the recently acquired 29 concession Los Ricos project located about 100 km northwest of the city of

Guadalajara

"These four holes focused on following the high grade ore shoot down dip below the historical RC

drilling. We were pleased to see the results showing high grade ore which exceeded our

expectations. Furthermore, our team is defining the extension of the mineralization along strike

southeast of the old workings towards the prospect known as

Cerro Colorado

where we have

completed a number of trenches across the zone, and expect to have the results in short order"

stated

Brad Langille

, President and CEO.

Diamond drill hole LRGG-19-003 intersected

20.4 m

averaging 2.21 g/t gold, 318.7 g/t silver and

6.45 g/t gold equivalent including

7.2m

averaging 6.17 g/t gold, 869.5 g/t silver and 17.77 g/t gold

equivalent.

Diamond drill holes LRGG-19-004, LRGG-19-005, and LRGG-19-006 aided in defining the

boundaries of the high grade ore shoot, and included an intersect of

2.8m

averaging 1.41 g/t gold,

52.6 g/t silver and 2.11 g/t gold equivalent. Detailed intersections are in Table 1, and location of drill

holes are included in Table 2.

Table 1: Drill Hole Intersections

Hole ID

Comment

From

Length

AuEq

(m)

(g/t)

LRGG-19-003

M ain

145.0

165.4

20.4

2.21

318.7

6.45

including

145.0

155.5

10.5

4.26

608.0

12.36

including

146.0

153.2

7.2

6.17

869.5

17.77

LRGG-19-004

M ain

96.5

99.0

2.5

0.04

27.2

0.40

LRGG-19-005

M ain

121.0

131.8

10.8

0.19

53.8

0.91

LRGG-19-006

M ain

107.1

132.0

25.0

0.33

35.7

0.81

including

119.7

122.5

2.8

1.41

52.6

2.11

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

Not true width

Table 2: Drill Hole Locations

Hole ID

Easting

Northing

Elev

Azimuth

Dip

Final

LRGG-19-003

610595

2327525

1421.9

-50

177.00

LRGG-19-004

610786

2327429

1392.9

-60

160.50

LRGG-19-005

610730

2327445

1402.9

-60

180.00

LRGG-19-006

610707

2327493

1419.9

-50

201.00

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).

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/April2019/24/c5528.html

%SEDAR: 00029249E

For further information:

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

0435, E: [email protected]

CO: GoGold Resources Inc.

CNW 08:30e 24-APR-19

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