Golden Goose completes phase 1 exploration at Goldfire

Executive Summary

• Golden Goose Resources Corp. has completed the first phase of its exploration program on the Goldfire property in Quebec, a 4,680-hectare high-grade gold project located adjacent to Goldfields' Windfall mine.
• The reconnaissance program involved mapping and sampling, identifying significant structural features, alteration zones, and geophysical anomalies that align with known mineralization trends in the Windfall camp.
• The company also announced the grant of 300,000 stock options to advisers, a routine administrative action accompanying the operational update.

Key Details

• Property Overview: Goldfire property covers 4,680 hectares in the Windfall area of Quebec, strategically located adjacent to Goldfields' Windfall property (a 4.1-million-ounce high-grade gold mine).
• Exploration Scope: The first phase covered 40% of the property, focusing on mapping and sampling (grab and channel samples) in areas previously neglected by advanced exploration.
• Geological Findings:
  • Numerous unexplained EM and IP anomalies occupy approximately half of the northern portion of the property.
  • Mapped quartz-feldspar intrusion (QFP) identified as a potential target for gold mineralization.
  • Two main regional shear zones (1.5 to 2.0 km wide) crosscut the property: the east-west-trending Urban shear zone and the northwest-southeast-trending Cameron deformation zone.
  • A prominent north-south lineament in the central property contains quartz-carbonate-sulphide veins, cruciform types, and felsic-aplite/granodiorite veins.
  • Sheillan and Perigny slip faults (northeast-southwest orientation) identified, comparable to the regional fault passing through the Windfall gold mine.
  • Last deformation event characterized by breccia, open fracture cleavages, and micro/macro faults oriented mostly north-south.
  • Significant alteration observed in rocks affected by the last deformation event, including sericite, iron-carbonate, silica flooding, chlorite, and fuchsite.
• Sampling Results:
  • 126 rock samples collected and sent for analysis.
  • Reference sample from Osisko Mining (2022) located 1.7 km from the northeast corner of Goldfire returned 90.3 g/t Au (grab sample) and 15.5 g/t Au over 1.5 meters (channel sample).
• Administrative Action:
  • Granted 300,000 stock options to advisers.
  • Exercise price: $0.15 per share.
  • Term: 5 years.
  • Vesting: Immediate.

Notable Quotes

• "Our initial work at Goldfire has validated key structural and alteration features that align with known mineralization trends in the Windfall camp. These early findings strengthen our confidence in the property's potential and set the stage for the next phase of systematic exploration." — Dustin Nanos, CEO