Goldgroup Mining Inc TSX:GGA announced assays from its Caballo Blanco Gold Project in Veracruz, Mexico. Results include

1.2 g/t gold over 79.4 metres
0.91 g/t over 90.6 metres
0.65 g/t over 85 metres
0.4 g/t over 58 metres
0.25 g/t over 76 metres
1.6 g/t over 9.5 metres

President/CEO Keith Piggott stated, “These diamond drill results yielded significant gold intercepts above the cutoff 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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Contact:
Keith Piggott
President/CEO
604.682.1943

or Stephanie Batory
Investor Relations
877.655.6928

by Greg Klein

This article was posted by Greg Klein - Resource Clips on Friday, December 16th, 2011 at 8:40 am.