Goff Corporations ("Goff" or the Company) (OTCQB: GOFF) wholly owned subsidiary Golden Glory Resources S.A. has just announced a detailed gold exploration program on its La Frontera Gold Project in Department of Caldas, Colombia to begin within 90 days. Goff Corporation President, Warwick Calasse says that he expects golds current price level will help fuel the companys efforts to target a bulk tonnage, low-grade type gold and silver project on Golden Glorys leases, and that the time is right for gold in Colombia.
We see investors looking for a place to put money into gold," Calasse says, and five of the top gold fund mangers that invest in junior companies point to exploration especially the juniors such as Golden Glory Resources as a strong choice for upside potential in gold for 2013. Of course they constantly point to the fact that you need to be very selective about where and what companies you choose. Its not an across the board type of recommendation to randomly buy gold. The ingredients for success include having the right projects in the right regions and capital to make them happen.
The current price of gold and anywhere down to $1500 an ounce appears to push more investors into the market as they see gold as a deep buying opportunity," Calasse adds.
We are convinced that Colombia is the right place and that our project is very timely. Just look at the other projects in Colombia and their success such as at Marmato in our district. They continue to attract solid investment. Just like at Marmato, artisanal miners worked the leases at our La Frontera Gold Project for years and several mines were operating, but nothing sophisticated has been applied to this highly prospective property. We will be the first to explore using the full range of modern gold and silver discovery methods. Clearly, Colombia and the Caldas and Antioquia region offers tremendous opportunity for the type of large-scale, bulk tonnage type of gold/silver project that we are targeting, Calasse says.
The diamond drilling program is expected to follow several other initiatives as part of the Phase One Exploration Program, which will be overseen by the Companys geological staff and leading geological consultants following the assessments provided in the NI43-101 Technical Report received by Golden Glory Resources in March 2013.
Goff Corporations wholly owned subsidiary Golden Glory Resources S.A. expects to commit a budget of approximately US$1.6 million on this Phase One gold exploration program.
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 Companys primary interest is the LGC15011 or La Frontera Gold Project in Aguadas, Dept. Of Caldas, Colombia. The project is being assessed for its potential as a low-grade, large bulk tonnage gold and silver prospect. 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 Goffs subsidiary Golden Glory Resources holds leases on the La Frontera Property.
For more information see http://www.goffcorporation.com
Contact:
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 companys 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 companys ability and level of support for its exploration and development activities. There can be no assurance that the companys 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 companys 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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