Golden Goose completes first phase exploration program on Goldfire – Richard Mills

2025.10.26

Golden Goose Resources (CSE:GGR) said it has completed a first-phase exploration program on their 4,680-hectare Goldfire property in the Urban Berry Greenstone Belt of Quebec, Canada. The project is located adjacent to Gold Fields’ (NYSE:GFI) Windfall property that hosts a 4.1-million-ounce high-grade gold mine.

The reconnaissance program consisted of mapping and grab and channel samples.

In highlighting the program, GGR noted there has been little advanced exploration work done on the property, although there have been geophysical surveys on the northern portions. From these surveys there are numerous unexplained electromagnetic (EM) and induced polarization (IP) anomalies which occupy about half of the northern part of the property. In the Windfall area, past exploration has been focused to the east or west of the property, so Goldfire has essentially been neglected.

Contact structural and metamorphism associated with intermediate to felsic intrusions include mapped quartz-feldspar intrusion (QFP), which is a potential target for gold mineralization.

There have been several structural deformation events that include a prominent discordant north-south lineament/structure located in the central part of the property, with several quartz-carbonate-sulfide veins, some cruciform type, as well as felsic aplite, granodiorite and quartz-feldspar porphyry veins and dikes.

Both main regional large shear zones (1.5-2 km wide) that crosscut the

property such as the east-west trending Urban shear zone and the northwest-southeast-trending Cameron deformation zone, contain sulfides as dissemination, as stringers and as clusters, associated locally with mineralized quartz veins/veinlets and stockworks.

There are several other faults that remain to be verified, namely the Sheillan and Périgny slip faults, oriented northeast-southwest, and present in north and south areas of the property. These two faults are the same orientation and comparable to the Windfall regional fault which passes through the Windfall Mine.

GGR’s first program established access and covered only 40% of the property; many target areas are still to be mapped. Outcrops have recently been exposed as a result of a forest fire a few years ago.

As part of GGR’s reconnaissance program, 126 rock samples were collected and sent for analysis.

The Windfall gold deposit 42 km east of Goldfire is characterized by two types of gold mineralization: 1) quartz-carbonate lode gold veins; and 2) gold silica-carbonate replacement. All gold mineralization is a structural control related to shear zones. The alterations associated with the Windfall gold mineralization are thought to be the same as alterations observed at Goldfire.

Osisko Mining (TSX:OSK) was recently acquired by Gold Fields.

Dustin Nanos, CEO of Golden Goose comments: “Our initial work at Goldfire has validated key structural and alteration features that align with known mineralization trends in the Windfall camp. These early findings strengthen our confidence in the property’s potential and set the stage for the next phase of systematic exploration.”

Goldfire property

Golden Goose Resources has successfully acquired one of the best strategic land positions in Quebec.

Golden Goose has the right to acquire 100% of the Goldfire property, a large property in the Urban Barry Greenstone Belt within the world-class Abitibi Greenstone Belt. To the east of Goldfire is the 4.3-million-ounce Windfall Mine owned by Gold Fields. To the west of its claims is a 510,000- ounce gold resource also owned by Gold Fields.

According to the company, via a recent AOTH Under the Spotlight interview with CEO Dustin Nanos and Director Ken Booth, the geology is the same as what’s at Windfall.

“We’ve got the all-important cross cutting structures. In the Abitibi, you can’t really have a decent shot at gold mineralization without having the structures to act as a trap for the gold,” said Booth, adding, “We’re actually quite happy with what we’ve seen so far with respect to the deformation and the structure. It’s early, but we’re seeing structure and we’re seeing the right geology.”

Under the Spotlight – Dustin Nanos, CEO, Golden Goose Resources

Another confidence builder: The geologist in the field running Golden Goose’s program at Goldfire used to work for Osisko Mining, and he also has experience on the Windfall property adjacent to Goldfire.

The share structure of Golden Goose is also very tight, there is an explanation on that in the above linked to interview.

What are Golden Goose’s plans for Goldfire for the rest of the year and into 2026?

In the interview, Nanos told me they’ll be back to do more prospecting at the end of October, then take all that data and do more geophysics.

The goal for 2026 is to prioritize some drill targets based on the work done in 2025. Booth said they should have a couple of areas to drill by late summer.

“We’ve got lots of work to do to make sure we understand exactly what’s going on with the structures, but also the geology. So that when we pick those targets, we give ourselves a good shot,” he said.

La Esperanza property

Meanwhile, Golden Goose continues to work its optioned La Esperanza property in Argentina, which features 10 kilometers of surface gold veins in an area recently opened up to mining.

Rio Negro province just approved its first gold mine.

Highlights from the property include 2 meters at 24 grams per tonne gold, 5 meters at 13.1 g/t gold channel samples, and some high-grade rock chips at 24.4 grams. The property’s 44,000 hectares are close to a highway and offer year-round access. Southern Copper (NYSE:SCCO) is currently drilling just south of La Esperanza.

Golden Goose has an option to earn 100% of La Esperanza.

In the interview linked to above, Ken Booth, Director, Golden Goose Resources noted “The La Esperanza epithermal veins tend to be more gold-rich than silver-rich versus the epithermal systems in Mexico which tend to be more silver-base metal. Which happens just by virtue of where you are in the system. All these epithermal systems are the same, grade the same, the volatiles at the top being your mercury and arsenic. And as you get lower in the system, then you get into gold. Then when you get even lower, that’s when you’re getting into the silver-base metals. And that’s typically what you see in Mexico and Peru. You get these silver veins plus or minus gold and lead-zinc.

These ones we’re chasing are different. These tend to be more gold-rich epithermal systems. I don’t know really of anything in Argentina that’s comparable, expect the granddaddies like Cerro Negro, Cerro Vanguardia. It’s one of those projects where you’ve got a lot of targets to go after, but I think with our Argentinian team we will get focused in the right area.” 

Golden Goose’s La Esperanza geologist is a PhD who specializes in epithermal Argentinian gold-silver deposits. He is also a professor at a local university and has his own consulting company.

Conclusion

After fulfilling the remainder of the ’25 exploration program at Goldfire, GGR plans to return to Argentina in November-December to do more mapping and sampling at La Esperanza. The goal will be to identify drill targets for a potential drilling campaign next spring. 

The two things that I like about Golden Goose are firstly, its two new gold properties — one in the northern hemisphere and one in the southern hemisphere — offer the opportunity for year-round exploration and year-round exploration/ drill results which are the life blood of every junior resource company.

And second, the share structure. The last major financing was done at $0.30 of which a large part was taken by insiders; the warrants are priced at an average of $0.36; 11 million shares are escrowed.

GGR trades on the Canadian Securities Exchange and with a market cap of just $7.3 million, imo, offers investors an attractive entry point because the company plans to complete the necessary work programs; and then drill two quality projects next year. Which means a lot of news flow from 2 different parts of the world, Quebec and Argentina.

Golden Goose Resources
CSE:GGR
2025.10.24 Share Price: Cdn$0.145
Shares Outstanding: 50.7m
Market Cap: Cdn$7.3m
GGR website

Richard (Rick) Mills
aheadoftheherd.com

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Richard does not own shares of Golden Goose Resources (CSE:GGR). GGR is a paid advertiser on his site aheadoftheherd.com This article is issued on behalf of GGR.