Goldgroup Tunnel Assays Confirm Drill Results at Caballo Blanco

Goldgroup Mining (OTC Other: GGAZF; TSX-V: GGA) continues underground tunnel development at the Company’s 100% owned Caballo Blanco property, encountering mineralized massive and brecciated massive silica. Assay results from the channel sampling in the main tunnel returned 49.40 metres of 1.13 g/t gold and 28.25 metres of 1.26 g/t gold from channel sampling in the crosscut tunnel. The average gold grades of the mineralized zones in the tunnel continue to correspond well with the grades of the drill holes completed in the area surrounding the tunnel. These results provide indirect confirmation for a robust resource model, serving to de-risk the Caballo Blanco project.

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