GoGold Announces Strong Near-Mine Drilling Results at Los Ricos South

Executive Summary

• GoGold announced first assay results from its 2025 near‑mine exploration program at the Los Ricos South Project, highlighting several high‑grade silver‑gold intercepts that extend mineralization beyond the current resource.
• Notable holes include LRSGT‑23‑001 (41,110 g/t AgEq over 1.42 m), LRGG‑24‑318 (904 g/t AgEq over 0.75 m) and LRGG‑24‑324 (1,034 g/t AgEq over 1.39 m), demonstrating strong grades in the Eagle, Abra and Cerro Colorado zones.
• The results support the company’s plan to extend the known vein system southward by ~3.5 km and provide additional upside for future resource expansion and mine planning.

Key Details

• Hole LRSGT‑23‑001 (Geotechnical – Eagle Zone): 41,110 g/t total AgEq over 1.42 m (131.20–132.62 m); interval contains 28,094 g/t Ag and 173.6 g/t Au. Longer interval of 21.25 m grades 3,034 g/t AgEq.
• Hole LRGG‑24‑318 (Abra Zone – Exploration): 904 g/t total AgEq over 0.75 m (698.10–698.85 m); contains 401 g/t Ag and 6.7 g/t Au. Longer interval of 10.72 m grades 215 g/t AgEq.
• Hole LRGG‑24‑324 (South Abra Zone – Exploration): 1,034 g/t total AgEq over 1.39 m (231.50–232.89 m); contains 477 g/t Ag and 7.4 g/t Au. Longer interval of 23.05 m grades 234 g/t AgEq.
• Hole LRGG‑24‑337 (Cerro Colorado Zone – Exploration): 849 g/t total AgEq over 1.50 m (33.50–35.00 m); contains 43.8 g/t Ag and 10.7 g/t Au. Longer interval of 9.45 m grades 303 g/t AgEq.
• Additional drill holes listed with assay data for gold, silver, and calculated AgEq (based on Au:Ag price ratio 75:1).
• Geotechnical drilling confirmed high‑grade zones and provided data for open‑pit and underground mine design; these holes were not included in the updated MRE dated Jan 16 2025.
• The IP geophysics survey identified a continuous conductive break over ~7 km, guiding step‑out drilling to test down‑dip and southern extensions of the vein system.
• Company’s existing resources: Los Ricos South Measured & Indicated 63.7 Moz AgEq (199 g/t) and Inferred 19.9 Moz; feasibility study NPV5% US$355 M (Jan 2025).

Notable Quotes

“We’re pleased with these initial results of our near‑mine exploration program… Hole 318 demonstrated strong mineralization continues deeper below our current Resources… Hole 324 located a faulted off section of the vein outside of the Resource and yielded strong gold and silver grades…” – Brad Langille, President & CEO

All forward‑looking statements are subject to risks and uncertainties as described in the full release.