Goldgroup Continues to Intercept Significant Gold Mineralization

Goldgroup Mining (OTC Other: GGAZF; TSX: GGA) continues to yield significant gold intercepts at its Caballo Blanco property, expanding the La Paila oxide gold zone to the west and southwest.  The most recently reported 10 drill holes are part of the ongoing drill program to define and to expand the southwestern flank of the La Paila gold zone as the zone currently remains open in this direction.

According to Keith Piggott, President and CEO of Goldgroup, “These diamond drill results yielded significant gold intercepts above the cut-off grade, which are contained in completely oxidized, vuggy and siliceous rock occurring within and peripheral to the existing La Paila zone.  As anticipated, the planned 2011 drilling program is on-time and within budget, and will be completed by December 18, 2011.  We are pleased to be on target for initial production at Caballo Blanco by 2012 year-end.”

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