MEDELLIN, Colombia, Apr 05, 2013 (GLOBE NEWSWIRE via COMTEX) -- via PRWEB - Goff Corporation's ("Goff" or "the Company") (OTCQB:GOFF) wholly owned subsidiary Golden Glory Resources Inc has reached an agreement to acquire additional leases in the Marmato region, Caldas District, Colombia. The leases, known as the Gavia Properties, are reported to offer multimillion ounce, large tonnage, bulk mineable targets with potential up to three grams of gold per ton average. Previous drilling has been carried out on the Gavia Property, and revealed gold grades averaging about 1 gram per ton. Historical data indicates the Gavia Property has gold potential of over 20 million ounces, based on mapping, soil samples and existing tunnels.
In additional, management is currently evaluating other gold properties in the Caldas region that are under consideration as acquisition targets.
Goff Corporation President Warwick Calasse states, "The addition of leases in the Marmato area offer our Company a significant opportunity to greatly expand our reach of Colombian gold exploration. We intend to give equal attention to our additional Marmato Project along with our current program on the La Frontera Gold Project. We have a tremendous on-the-ground presence building in the Caldas region in Colombia. It's a great place for us to set our foundational gold projects, which we believe have excellent merit as highly prospective gold and silver."
Golden Glory Resources' initial acquisition of leases on LGC15011 or the "La Frontera Gold Project" are comprised of 1227 hectares of mineral leases in the Aguadas area, also in the Department of Caldas. |