Goldgroup Continues to Expand La Paila Zone at Caballo Blanco

Goldgroup Mining (OTC Other: GGAZF; TSX: GGA) continues to intercept significant gold mineralization at Caballo Blanco in Veracruz, Mexico, including:

  • In drill hole 11CBN153, 0.60 g/t gold over 197.10 metres;
  • In drill hole 11CBN157, 0.84 g/t gold over 66.55 metres; and
  • In drill hole 11CBN159, 0.88 g/t gold over 67.32 metres.

According to Keith Piggott, President and CEO of Goldgroup Mining, “We are pleased with these new diamond drill results, which continue to confirm, define and expand the La Paila Zone.  As we continue to receive positive results from our 2011 drill program and conduct our additional 30,000 metre drill program in 2012, we expect to increase resources at the La Paila Zone, as the zone currently remains open to the south and southwest.  Furthermore, Management expects to identify new zones of mineralization in both the Northern Zone and Highway Zone through its 2012 drill program.”

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