CaesarsReport.com Releases Report on Golden Goose Resources Inc. (TSX-V: GGR) and interview with President and CEO François Perron
CaesarsReport.com has released a research report on Golden Goose Resources Inc. (TSX-V: GGR);(Pink Sheets: GGOSF);(Frankfurt Exchange: GGO). The report includes an interview with President and CEO François Perron. The company's scoping study, which they planned to release before the end of March, is due in a few weeks from now, as they are now finishing the investigation of some parameters. Sign up at www.caesarsreport.com to receive the newsletter and the full Research Report, Free of charge.
Brussels, Belgium, April 24, 2010 --(PR.com)-- Please Note: All news in this release is summarized. To read the full report, go to www.caesarsreport.com, and sign up Free to receive the full report.
Golden Goose Resources is a Canadian junior exploration company engaged in the acquisition, exploration, and development of resource properties. The company owns eight mining properties in Quebec and Ontario, and is currently focused on the 100% owned Magino gold project in Northern Ontario.
The company recently reported the final results of the winter drilling program on its Magino property near Wawa, Ontario, Canada. Several higher grade areas were intersected including a new zone discovered in the volcanic rocks in the footwall to the deposit. The program, which started in November 2009, consisted of 14 diamond drill holes totallng approximately 4,000 metres of drilling around the Magino resource envelope. Results include 4.5 g/t gold over 2 m from 51 m in hole 10-4.
GGR plans to return the mine into production and to use existing assets, infrastructure and properties as a base for further growth. Conceptually they are targeting production of 50,000 oz/annum.
On Monday April 12th, Caesars' Report had a clarifying chat with François Perron, CEO of Golden Goose. Their scoping study, which they planned to release before the end of March, is due in a few weeks from now, as they are now finishing the investigation of some parameters.
Caesars' Report: We estimate the start of production could be in 2013, do you agree with that view, or are we too optimistic here?
FP: I tell people I expect 3-5 years to productions (yes, 2013 may be too optimistic).
Caesars' Report: Is there a possibility to use the capacity of a nearby Richmont-mill to reduce your own capex? Are you already in talks to negotiate a toll-milling agreement?
FP: We have had normal discussion with them, and view them as a constructive neighbor. As for their mill, our understanding is that it is presently operating at full capacity.
Caesars' Report: With the latest (great) winter drill results, do you foresee a new resource estimate coming out?
FP: Thanks for noticing, it’s too early for a new resource, the drill program was designed to find new areas so we tested close to but around the current resource. We found new mineralized structures and a better understanding is giving us new modeling info and further potential. Even the next drilling will be to expand our understanding aggressively. Once we unlock the structure it becomes worthwhile to drill, we don’t need to find more of the same, we need to find better ounces as the current resource is large enough. To find better ounces, we need to drill iteratively. Drill, learn, test, learn some more and so on.
FP: Those good intercepts we are investigating are approximately 4x times the resource average on a gram-meter basis, our hope would be to identify zones that could materially change the startup economics.
Caesars' Report: Thanks to your high-grade deposit, we are estimating cash costs at ± 425 USD/oz. Is this too optimistic?
FP: Our neighbor is operating at approximately 650 usd/oz, use that until we can show otherwise.
To read the full report and interview, go to www.caesarsreport.com and sign up Free of charge.
Disclaimer: For the full disclaimer, visit http://www.caesarsreport.com/discl
The CaesarsReport.com employees, Caesars Report ("We" “They” “Caesars Report”) are not Registered as an Investment Advisor in any jurisdiction whatsoever. CaesarsReport.com employees are not analysts and in no way making any projections or target prices. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease. Please always do your own research. All information was provided by the company, their presentations and website. We are not responsible for errors made herein. Please consult a broker before purchasing or selling any securities mentioned herein. To view the full disclaimer, go to www.caesarsreport.com/discl
Disclosure: The author holds a long position in Golden Goose Resources Inc. (TSX-V: GGR). This means that the author is biased. Please, always do your own research.
Contact: www.caesarsreport.com/contact e-mail: info(at)caesarsreport(d.t)com www: http://www.caesarsreport.com
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Golden Goose Resources is a Canadian junior exploration company engaged in the acquisition, exploration, and development of resource properties. The company owns eight mining properties in Quebec and Ontario, and is currently focused on the 100% owned Magino gold project in Northern Ontario.
The company recently reported the final results of the winter drilling program on its Magino property near Wawa, Ontario, Canada. Several higher grade areas were intersected including a new zone discovered in the volcanic rocks in the footwall to the deposit. The program, which started in November 2009, consisted of 14 diamond drill holes totallng approximately 4,000 metres of drilling around the Magino resource envelope. Results include 4.5 g/t gold over 2 m from 51 m in hole 10-4.
GGR plans to return the mine into production and to use existing assets, infrastructure and properties as a base for further growth. Conceptually they are targeting production of 50,000 oz/annum.
On Monday April 12th, Caesars' Report had a clarifying chat with François Perron, CEO of Golden Goose. Their scoping study, which they planned to release before the end of March, is due in a few weeks from now, as they are now finishing the investigation of some parameters.
Caesars' Report: We estimate the start of production could be in 2013, do you agree with that view, or are we too optimistic here?
FP: I tell people I expect 3-5 years to productions (yes, 2013 may be too optimistic).
Caesars' Report: Is there a possibility to use the capacity of a nearby Richmont-mill to reduce your own capex? Are you already in talks to negotiate a toll-milling agreement?
FP: We have had normal discussion with them, and view them as a constructive neighbor. As for their mill, our understanding is that it is presently operating at full capacity.
Caesars' Report: With the latest (great) winter drill results, do you foresee a new resource estimate coming out?
FP: Thanks for noticing, it’s too early for a new resource, the drill program was designed to find new areas so we tested close to but around the current resource. We found new mineralized structures and a better understanding is giving us new modeling info and further potential. Even the next drilling will be to expand our understanding aggressively. Once we unlock the structure it becomes worthwhile to drill, we don’t need to find more of the same, we need to find better ounces as the current resource is large enough. To find better ounces, we need to drill iteratively. Drill, learn, test, learn some more and so on.
FP: Those good intercepts we are investigating are approximately 4x times the resource average on a gram-meter basis, our hope would be to identify zones that could materially change the startup economics.
Caesars' Report: Thanks to your high-grade deposit, we are estimating cash costs at ± 425 USD/oz. Is this too optimistic?
FP: Our neighbor is operating at approximately 650 usd/oz, use that until we can show otherwise.
To read the full report and interview, go to www.caesarsreport.com and sign up Free of charge.
Disclaimer: For the full disclaimer, visit http://www.caesarsreport.com/discl
The CaesarsReport.com employees, Caesars Report ("We" “They” “Caesars Report”) are not Registered as an Investment Advisor in any jurisdiction whatsoever. CaesarsReport.com employees are not analysts and in no way making any projections or target prices. Neither the information presented nor any statement or expression of opinion, or any other matter herein, directly or indirectly constitutes a representation by the publisher nor a solicitation of the purchase or sale of any securities. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease. Please always do your own research. All information was provided by the company, their presentations and website. We are not responsible for errors made herein. Please consult a broker before purchasing or selling any securities mentioned herein. To view the full disclaimer, go to www.caesarsreport.com/discl
Disclosure: The author holds a long position in Golden Goose Resources Inc. (TSX-V: GGR). This means that the author is biased. Please, always do your own research.
Contact: www.caesarsreport.com/contact e-mail: info(at)caesarsreport(d.t)com www: http://www.caesarsreport.com
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