Goldgroup Reports Additional Significant Drill Results at Caballo Blanco

Goldgroup Mining (OTC Other: GGAZF; TSX: GGA) has intercepted significant gold mineralization, including 0.89 g/t gold over 144 meters, 0.69 g/t gold over 126.25 meters, and 1.16 g/t gold over 57.33 meters. 

According to Keith Piggott, President and CEO of Goldgroup, “These diamond drill results yielded significant gold intercepts above the cut-off grade and which continue to be contained in completely oxidized, vuggy and siliceous rock occurring inside and peripheral to the existing La Paila zone.  These results continue to give better definition to the design of the first open pit and its extension in almost all directions. The current drilling program, together with the on-going column-leach metallurgical testing, environmental and sociological studies as well as the run of mine heap-leach pad design and other engineering, form the basis for targeting to bring Caballo Blanco into production in late 2012.”

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