GoGold Advances the Development of their Los Ricos South Project

Core Viewpoint - GoGold Resources Inc. has progressed to the execution phase of the Los Ricos South Project in Mexico, marking a significant milestone for the company as it prepares for construction and production ramp-up [1]. Company Overview - GoGold Resources is a Canadian-based silver and gold producer focused on high-quality projects in Mexico, operating the Parral Tailings mine and developing the Los Ricos South and North projects [2]. Project Development Progress - The company has launched detailed design activities and initiated orders for long lead items for the Los Ricos South Project [1]. - Key advancements include: - Selection of Cominvi, S.A. de C.V. as the underground mining contractor [6]. - Detailed underground mine design and planning have progressed [6]. - Plant design by M3 Mexicana is 55% complete [6]. - SART plant design is 70% complete [6]. - Preparation to order a new SAG grinding mill is underway [6]. - Design of the dry stack tailings facilities has advanced [6]. - Contract issued for the detailed design of the Paste Plant [6]. - Completion of all site geo-tech work to support design programs [6]. - Supply contract established with Comision Federal de Electricidad for project power supply [6]. - Water supply assessments are well advanced [6]. Financial Position - The company has approximately $250 million USD in cash and is generating cash flow from its Parral operation, positioning it well for the Los Ricos project [1].