As Golden Goose Resources (GGR-V) gets its 2008 drill season underway at its Lac Levac nickel project in the James Bay region of Quebec, the company is collecting the final assays from a 7,150-metre program completed in fall 2007.
The focus was, and still is, the NISK-1 anomaly at Lac Levak. Golden Goose plans to drill 10,000 more metres there this year to upgrade the current resource.
From the latest results, Hole 25-07 in the Main area returned and 18.5-metre intersection grading 1.22% nickel, 0.63% copper, 0.07% cobalt, 0.20 gram platinum per tonne and 1.37 grams palladium.
Hole 47-07, from the newly-discovered eastern extension, returned an 8-metre intersection grading 1.03% nickel, 0.72% copper, 0.05% cobalt, 0.91 gram platinum per tonne and 3.24 grams palladium.
These are similar to results that Golden Goose has already released for the Lac Levac property.
In the fall, the company announced a 10.5-metre intersection from Hole 34-07 that assayed 0.73% nickel, 0.25% copper, 0.05% cobalt, 0.08 gram platinum per tonne and 0.48 gram palladium including 5.5 metres grading 1.01% nickel, 0.34% copper, 0.07% cobalt, 0.11 gram platinum per tonne and 0.74 gram palladium.
Drill results from the fall will be used to update the National Instrument 43-101 resource that came out in July 2007, which put indicated resources at 516,000 tonnes grading 0.89% nickel, 0.39% copper, 0.06% cobalt, 0.14 gram platinum per tonne and 0.79 gram palladium.
Golden Goose shares were up almost 9% today, or 4, to 50 per share on a trading volume of 117,000 shares.
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