Goldgroup samples 24.2 m of 1.09 g/t Au at Caballo


June 25, 2012: Vancouver, BC – Goldgroup Mining Inc. (Stock Profile – TSX: GGA & OTC:GGAZF) announced final assay results from the completed underground tunnel development at the Company’s 100%-owned Caballo Blanco gold project in Veracruz, Mexico.

Both the recently completed main tunnel and crosscut tunnel west of the main tunnel encountered mineralized, massive and brecciated massive silica. Assay results from the channel sampling in the main tunnel returned 24.2 metres of 1.09 g/t gold and the crosscut tunnel returned 19.35 metres of 1.48 g/t gold. The average gold grades of the mineralized zones in the tunnel correspond well with the grades of the drill holes completed in the area surrounding the tunnel, and demonstrates strong gold grade continuity through this section of the Caballo Blanco mineralized zone.

These results provide confirmation of a robust resource model, further de-risking the Caballo Blanco project. A sufficient supply of mineralized material has been stockpiled from the underground tunnel development for all anticipated remaining metallurgical test work at Caballo Blanco.

To review the tunnel assay result – CLICK HERE.


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