GOFF Goff Corp Goff Corp. is an international
Post# of 98042
Goff Corp. is an international precious minerals exploration company with an aggressive development and acquisition plan focussed on Colombia. The Company's primary project is the La Frontera Gold Project located in the Aguadas Department, in Caldas, Colombia that is being pursued as a potential bulk-tonnage, gold-silver target. The Company is actively seeking acquisitions in Colombia and internationally.
Goff Corporation subsidiary Golden Glory Resources S.A. announces its planned 20-hole drill program on its Gavia Gold Project, a highly prospective gold property in the Marmato Region in Caldas, Colombia, targeting near surface gold
MEDELLIN, Colombia, Apr 12, 2013 (GLOBE NEWSWIRE via COMTEX) -- via PRWEB - Goff Corporation's ("Goff" or "the Company") (OTCQB:GOFF) wholly owned subsidiary Golden Glory Resources S.A. announces it plans to pursue a 20-hole diamond drill exploration program on its Gavia Gold Project in the Marmato region, Caldas District, Colombia. The leases are reported to offer multimillion ounce, large tonnage, bulk mineable targets with potential up to three grams of gold per ton average. Golden Glory Resources will be targeting near surface gold/silver targets using technical information developed by the Company's geo-technical team.
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 contained based on mapping, soil samples and existing tunnels.
Goff subsidiary Golden Glory Resources' comprehensive drill program is expected to include drilling up to 20 diamond drill holes to a depth of at least 300 meters. Gold mineralization at Gavia occurs mainly as very fine particles (usually sub-microscopic) intimately associated with a very large sequence of highly altered and pyrite-rich pyroclastic rocks believed to be located within an ancient volcanic caldera. A flat lying non-mineralized basaltic lava flow provides a "cap" over some of the Gavia exploration license.
Previous geological and geophysical work suggests the "target" pyroclastic rocks have a minimum dimension of 2000 meters long, up to 1000 meters wide and at least 400 meters in depth. Where they outcrop, the pyroclastic rocks all contain elevated gold values up to 312 g/t over a 10-meter length.
In addition, extensive underground tunnel sampling, carried out 50 meters below the surface has outlined a stockwork system of quartz-sericite veins and veinlets at least 100 meters wide and open in three areas on the Gavia property. This zone referred to as Las Animas, appeared to average between 2.2-4.5g/t gold, and much higher (more than 10 g/t gold) if known bonanza zones were included.
Goff Corporation President Warwick Calasse states, "The Company plans to follow the previous data and drilling information on the Gavia Gold Project in preparing our drill program. There is some good information that requires qualification through our geo-technical staff and on ground consultants in Colombia. We plan to put together a comprehensive drilling program that will cover the existing area on the Gavia leases and give us an accurate assessment of this project's potential for near surface gold/silver targets and the next steps to a phased program."
In coordinating its efforts, the Company has also announced it expects to pursue environmental licensing from Corpocaldas of the government of the Province of Caldas, Colombia, as well as approval of communities potentially impacted. Private land owners in the area have previously demonstrated their willingness to allow drilling, which was carried out on the Gavia Gold Project property.
About Goff Corporation
Goff Corporation is a U.S.-based public company. Its wholly owned subsidiary, Golden Glory Resources S.A. is engaged in gold exploration with a view to developing highly prospective gold projects. The Company is assessing multiple projects for their potential as low-grade, large bulk tonnage gold and silver prospects. Colombia is currently one of the leading gold mining areas in the world producing over 55,509 kilograms of gold (2011), primarily from the region where Goff's subsidiary Golden Glory Resources holds leases.
For more information see http://www.goffcorporation.com
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Investor Relations
Tel: +011.57.4.605.2537
Cautionary Statement Regarding Forward-Looking Information
This news release contains "forward-looking statements", as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as "estimate," "anticipate," "believe," "plan" or "expect" or similar statements are forward-looking statements. Risks and uncertainties for the company include, but are not limited to, the risks associated with mineral exploration and funding as well as the risks shown in the company's most recent annual and quarterly reports on Form 10-K and Form 10-Q respectively, and from time-to-time in other publicly available information regarding the company. Other risks include risks associated with the regulatory approval process, competitive companies, future capital requirements and the company's ability and level of support for its exploration and development activities. There can be no assurance that the company's exploration efforts will succeed and the company will ultimately achieve commercial success. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consider all of the information set for herein and should also refer to the risk factors disclosed in the company's periodic reports filed from time-to-time with the United States Securities and Exchange Commission. This news release has been prepared by management of the company who takes full responsibility for its contents. None of FINRA nor the SEC has approved or disapproved of the contents of this news release. This news release shall not constitute an offer to sell of the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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CONTACT: Goff Corporation
Investor Relations
wcalasse@goffcorporation.com
011-57-4-605-2537
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KEYWORD: MEDELLIN, Colombia
INDUSTRY KEYWORD: Business Services
SUBJECT CODE: Other News