Goldgroup Mining (OTC Other: GGAZF; TSX: GGA) continues to yield significant gold intercepts at its 100% owned Caballo Blanco property in Veracruz, Mexico. Of the 19 drill holes reported herein, 16 of them contain intervals above the established cut-off grade, 7 of them further define the La Paila mineral resource, and the remaining 12 drill holes were drilled to expand the southwestern flank of the La Paila Zone. The zone currently remains open to the south and southwest.
According to Keith Piggott, Goldgroup’s President and CEO, “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. Furthermore, Management expects to identify new zones of mineralization in both the Northern Zone and Highway Zone through its 2012 diamond drill program.”