GGD.TO · 2019-04-17 12:00:00

GoGold Drills 35.5m Averaging 5.04 g/t Gold Equivalent at the Recently Acquired Los Ricos

Drill Results

GoGold Drills 35.5m Averaging 5.04 g/t Gold

Equivalent at the Recently Acquired Los Ricos

Trading Symbol: TSX: GGD

Shares Outstanding: 171,776,481

HALIFAX

April 17, 2019

/CNW/ -

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

Company")

is pleased to report the assay results from the first two diamond drill holes returned

over 40% higher grades than the historic RC drilling completed at the Los Ricos project located

about 100 km northwest of the city of

Guadalajara

"Our initial two holes confirm the results from historical RC drilling programs are reliable as well as

providing high quality geological, assay and geochemical information on the mineralized halo

surrounding the historical high grade ore shoots. The next phase of the core drilling will be focused

on following the high grade ore shoot down dip below the historical RC drilling" stated

Brad Langille

President and CEO.

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. 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 first 2 core holes were laid out to "twin" RC drill holes completed by TUMI Resources in 2003-

04. The first twinned pair, DDH LRGG-19-001 and RCH CMRC-34, entered and exited the

mineralized zone at similar depths, both intersected a narrow 1.0 to

1.5 m

wide void related to old

workings and had similar gold and silver values as shown in Table 1. LRGG-19-001 intersected

35.5m

averaging 1.24 g/t gold, 284.7 g/t silver and 5.04 g/t gold equivalent including

6.5m

averaging

3.32 g/t gold, 905.8 g/t silver and 15.4 g/t gold equivalent.

The second twinned pair, DDH LRGG-19-002 and RCH CMRC-48, entered and exited the

mineralized zone at similar depths with the gold and silver grades over 70% higher in GoGold's core

hole. LRGG-19-002 intersected

27.6m

averaging 1.56 g/t gold, 159.0 g/t silver and 3.68 g/t gold

equivalent including

5.6m

averaging 5.52 g/t gold, 525 g/t silver and 12.5 g/t gold equivalent. See

Table 2 for the Location of GoGold's diamond drill holes completed to date.

Table 1: Drill Hole Intersections

Hole ID

Comment

From

Length

AuEq

(m)

(g/t)

CMRC-34

Historical

70.0

106.0

35.0

1.50

289.0

5.35

LRGG-19-001

M ain

71.0

106.5

35.5

1.24

284.7

5.04

HW zone

71.0

81.0

10.0

1.27

249.1

4.59

Ug working

81.0

82.5

1.5

FW zone

82.5

106.5

24.0

1.31

317.3

5.54

including

91.5

98.0

6.5

3.32

905.8

15.39

CMRC-48

Historical

22.0

50.0

28.0

0.80

93.0

2.04

LRGG-19-002

M ain

26.5

54.1

27.6

1.56

159.0

3.68

including

28.4

34.0

5.6

5.52

525.0

12.52

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

Historical drilling data comes from TUMI Resources Press Release dated November 25, 2003 available on SEDAR as filed by Kingsmen Resources Ltd.

Historical drilling data comes from TUMI Resources Press Release dated July 14, 2004 available on SEDAR as filed by Kingsmen Resources Ltd.

1.0m underground working, no sample

1.5m underground working, no sample

Not true width

Table 2: Drill Hole Locations

Hole ID

Easting

Northing

Elev

Azimuth

Dip

Final

LRGG-19-001

610679

2327607

1448

-78

195.50

LRGG-19-002

610824

2327502

1435

-50

150.00

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/April2019/17/c9784.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 17-APR-19

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