GoGold Resources Inc. advances Los Ricos projects
GoGold Resources Inc. reports steady progress at Los Ricos South (LRS) and Los Ricos North (LRN). At LRS, the company is finalizing a definitive feasibility study (DFS) that reshapes the mine plan and narrows the focus. GoGold has 329,527,261 shares outstanding and trades as TSX: GGD and OTCQX: GLGDF. The DFS moves the work from concept to a build-ready plan, with clearer scope and timing.
Shift to an underground mine plan at LRS
The DFS marks a turn from the earlier preliminary economic assessment toward an underground-only approach. CEO Brad Langille described the choice to design a plan that leans into the wide zones of mineralization and prioritizes long-term, steady output. The target is a 2,000-tonne-per-day operation over a 12-year period, aiming for consistency rather than short bursts of throughput.
Smaller surface footprint
Running underground exclusively for the first twelve years lowers surface disturbance and sidesteps the added complexity of open-pit permits—an increasingly debated topic in Mexico. Fewer surface works mean a tighter site, simpler scheduling, and fewer moving parts above ground.
What the feasibility study covers
The Los Ricos South DFS is nearing completion, with many core pieces locked in. GoGold plans to use contracted underground mining, while building an internal mine services team to set standards, supervise work, and manage day?to?day performance. This structure keeps execution focused and the oversight in-house.
Metallurgy: from rock to finished product
An extensive metallurgical program at SGS Lakefield tested the steps that matter most to plant performance: crushing and grinding, filtration, and cyanide leaching. The work supports a flowsheet designed to produce silver?gold dore bars and a copper precipitate, with each stage tuned so downstream circuits run as intended.
Power supply and site infrastructure
GoGold is securing power agreements with Comision Federal de Electricidad (CFE), drawing on electricity from the nearby La Yesca hydroelectric dam. Tapping into that grid is intended to provide reliable energy for the LRS plant and underground operations, anchoring the schedule once construction begins.
Land access and compensation
Beyond utilities, GoGold has reached compensation agreements with local farmers and other stakeholders for the land where its processing mill will sit. These agreements are meant to create clarity before major work starts, keeping relationships constructive and the project on track.
Mill design and operating efficiency
Mill design is on track and nearing 90% complete. The layout uses conventional crushing and grinding followed by cyanide leaching, with a SART circuit to regenerate cyanide and handle copper in solution. The plan emphasizes recycling water wherever possible, anchored by a dry stack tailings approach that keeps more water in the circuit and tightens reagent use.
Next steps at Los Ricos North
Work continues at LRN as the geological team revisits drill data from the prior open?pit concept. The goal is to reshape the plan for underground mining and, in time, deliver a revised initial Economic Assessment (PEA). Same rocks, new lens.
About GoGold Resources Inc.
GoGold is a Canadian resource company focused on mining and developing projects in Mexico. With the Parral Tailings mine in operation and the Los Ricos projects advancing, the company is working toward durable growth in precious metals. Step by step, one plan at a time.
Frequently Asked Questions
What is the main focus of the Los Ricos South DFS?
It centers on an underground-only plan at LRS, targeting a steady 2,000 tonnes per day over 12 years and detailing how the mine and plant will operate together.
How does the underground approach affect permitting and the environment?
Underground mining reduces surface disturbance and avoids the added complexities tied to open?pit permits in Mexico, particularly during the first twelve years.
What does the metallurgical program include, and what will the plant produce?
Testing at SGS Lakefield covered crushing and grinding, filtration, and cyanide leaching to support plant performance. The designed outputs are silver?gold dore bars and a copper precipitate.
How is GoGold addressing power and land access?
GoGold is arranging power with CFE using electricity from the La Yesca hydroelectric dam and has compensation agreements in place with local farmers and stakeholders for the mill site.
What’s planned for Los Ricos North?
The team is re?evaluating drill data to move from an open?pit concept to an underground plan, with a revised initial PEA expected in the future.
