Golden Goose Resources Inc.

COMPANY DATA | INTRODUCTION |  PROJECT IN HAND | MANAGEMENT
NEWS UPDATE | CHINESE

COMPANY DATA

INTRODUCTION

Golden Goose Resources Inc. is a Canadian mining company engaged in the acquisition, exploration and development of resource properties. The Company owns eight properties, two of which are in active exploration: Magino Mine and Lac Levac. The other six have gold prospects and are at various stages of exploration.

PROJECT IN HAND

(1) Magino (Gold) Property

Location

1,200 hectares
40 km northeast of Wawa, Ontario

History

Current Program

• 14,000 m of drilling

• Holes 15 m apart; 200 to 400 m deep

• Short-term investment: $1.4 Million

Program Objective

Measure additional 500,000 ounces with a 43-101 report

Summary

• Excellent infrastructure

• High-grade gold in depth: Last results include 20 m @ 8.61 g/t Hole-05, 16.13 m @ 19.80 g/t Hole-06t, 2 m @ 71.15 g/t Hole-15

• Open at depth (along strike)

• Measured and indicated resources: 500,000 ounces of gold (average grade of 0.075 oz/t) at surface (43-101 report prepared by Snowden Mining Industry Consultants Inc. - April 2004)

• Drilling results: starting Q1 2007

(2) Lac Levac (Nickel-Copper-PGM) Property

Location

5,500 hectares
100 km northeast of Nemiscau, Quebec

History

Current Program

• VTEM Geophysic

• 3D inversion modeling

• Prospecting and sampling

• 3,000 m of drilling

• Short-term investment: $0.3 Million

Program Objective

Measure resources of more than 1.0 million tonnes (~1.0% Ni; 0.5% Cu; 5 g/t PGM)

Summary

• Excellent infrastructure

• Previous drilling in the area by INCO in the 1960's intersected significant nickel-copper-PGM mineralization associated with ultramafic intrusive rocks, including 16.2 m of 0.8% Ni, 0.5% Cu and 2 g/t PGM.

• Drilling results: starting Q1 2007

The Strengthening price of gold over the past years, to the U.S. $420 level, has greatly improved the climate in the gold mining industry and has renewed hope for a number of former producers, such as Golden Goose Resources Inc. The Magino Area is again active, which bodes well for the future development of more mining activity and may spur on the trend, of area consolidations. Significant investments decisions have been made in the area to restart production, which has lead to a sharp increase in activity in the immediate proximity of the Magino Property. The Company has taken steps to strategically position itself to participate in the developments in the area.

MANAGEMENT

Golden Goose Resources Inc. has a well management team with experience in different areas.

Jean-Marc Lacoste, B. Economics
President & CEO

Mr. Lacoste joined the board in November 2004, was named CEO on September 1, 2006 and as of December 31, 2006 handles both Chairman and CEO roles. Early in his career, he worked at Merrill Lynch Canada, as Director of Derivate Products and most recently was Vice President Acquisitions at Northland Power Inc. He also sits on several boards of public and private companies.

Richard Kwong, B.A., CMA
CFO

Mr. Kwong was named as CFO of Golden Goose Resources this past December 2006. Since 2000 he has been the V.P. Finance of Pavao Holdings and Controller of Goldmark Prescott Sanitation Inc. He served as Controller of MKEI Enterprise for more than ten years and worked as Tax Consultant at Price Waterhouse HK in his homeland of Hong Kong early in his career.

Michel Bouchard, M.Sc. Geol., MBA
Director

Mr. Bouchard has been involved in the exploration, development, and production fields of the mining sector for the past 25 years. He was a director of several public companies in the mining sector. He is credited for the contribution of the Bouchard Hebert Mine discovery in north-western Quebec. He was a Senior Executive for Aiquebelle Resources, Audrey Resources, Lyon Lake Mines, SOQUEM, and McWatters Mines. Mr. Bouchard is also President and CEO of Cadiscior Resources Inc.

Kerry Knoll, B.A., B.A.A.
Director

Mr. Knoll was named as director in May 2006 and has served as President of Glencairn Gold Corp. since it's incorporation in 1987. He was the co-founder of Wheaton River Minerals Ltd., a company founded by Glencairn, and stayed with that company for 11 years in various capacities, including President. Other notable accomplishments during his career include terms as the Editor of both The Northern Miner Magazine and the Canadian Mining Journal. Mr. Knoll sits on the board of Blue Pearl Mining Ltd. in addition to several other mining companies.

Carlos Pavao
Director

Mr. Pavao was appointed to the board on May 30, 2006. He is a Toronto and European based Venture Capitalist with over 25 years of experience in the corporate finance sector.

Kevin D. Sherkin, LL.B.
Director

Mr. Sherkin was recently named as a Director at Golden Goose Resources this past December 31, 2006. He is both a founding partner and the managing partner of Levine, Sherkin, Boussidan Professional Corporation and has been since its inception in 1990. He also currently sits in the Board of Directors of Rubicon Minerals Corp. (RMX) as well as the Audit Committee and Compensation committee for Rubicon.

David Watkins, M.Sc.
Director

Mr. Watkins was named as a Director in November 2004. He was President of Cyprus Amax Minerals Company for six years prior to joining Atna. He joined Falconbridge Copper Ltd. as an Exploration Geologist in 1977 and became Chief Geologist responsible for exploration in Quebec and mine operations at Lake Dufault and Opemiska in 1980. He acted as Vice President, Exploration and later President of Minnova Inc., the successor company to Falconbridge Copper. Early in his career Mr. Watkins also worked with Newmont Mining and with Noranda as an Exploration Geologist in various parts of the world including Australia, Mexico, Ecuador, and Canada. Mr. Watkins is also President and CEO of Atna Resources Ltd.


NEWS UPDATE

On March 9, 2007, Golden Goose Resources Inc. announced that its drilling at the Magino gold property near Wawa, Ontario, has discovered new high-grade gold zone. Golden Goose drills 11.1 g/t gold over a core length of 10.5 metres.

On February 26, 2007 Golden Goose Resources Inc. has begun its 3,000 metre drill program at the company's 100% owned Lac Levac nickel-coppery property, located in the James Bay region, 40 kilometres northeast of Nemiscau, Quebec. As of February 26, over 100 metres have already been drilled.

On January 22, 2007 Golden Goose Resources Inc. has entered into an agreement with RSW Inc. to evaluate and confirm the mineral potential of Lac Levac, a nickel-copper-PGM mining property located in James Bay, 40 kilometres northeast of Nemiscau, Quebec. In addition, the company is pursuing its 14,000 metres drilling program at its Magino property located near Wawa, Ontario. Release of results are expected starting in February, 2007.

On January 2, 2007, Golden Goose Resources Inc. announced that its board of directors is appointing Kevin Sherkin as director, following John R. Macklem's resignation. The board of directors of the Company also announced the appointment of Richard Kwong as Chief Financial Officer and Vice-President, Finance, and of Jean-Marc Lacoste as Chairman of the board of directors.

The board of directors of the Company also announced that it is granting stock options to purchase 200,000 common shares of the Company, at an exercise price of 48 cents per share, to Mr. Sherkin and to Mr. Kwong. The granted options will expire on Dec. 31, 2011.

On December 15, 2006, Golden Goose Resources Inc. announced that its board of directors has granted stock options to purchase a total of 500,000 common shares of the Company at an exercise price of 48 cents per share to certain directors of the Company. The grant of such stock options is made in accordance with the stock option plan of the Company. The granted options will expire on December 14, 2011.

On November 27, 2006, Golden Goose Resources Inc. announced that its new 14,000-metre drill campaign has started at the Magino property near Wawa, Ontario.

On November 21, 2006, Golden Goose Resources Inc. reported its unaudited financial statements for the three-month period ended September 30, 2006 with comparative figures for 2005.

For the three months ended September 30, 2006, the Company reported a net loss of $(80,309) or $(0.00) per share compared to a net loss of $(110,128) of $(0.00) per share for the three months ended September 30, 2005. The loss for the three month period ended September 30, 2006 is due mostly to the general and administrative expenses.

During the period ended September 30, 2006, the Company's working capital increased to $2,715,031 compared to $1,217,468 at September 30, 2005. To September 30, 2006, the Company received $1,075,733 from the exercises of stock options and warrants plus net proceeds of $1,393,132 from the completion of a private placement in August 2006 off-set by capital expenses and the allocation of $230,000 to restricted cash for mine closure costs.

On November 1, 2006, Golden Goose Resources Inc. announced that it has completed an airborne magnetic and electromagnetic survey using Aeroquest on the Lac Levac nickel-copper-PGM property, near Nemiscau in northern Quebec. A detailed analysis of the geophysical data has been completed by Abitibi Geophysics Inc. Abitibi reports 4 high priority anomalies on the 5,500 hectare property. Previous drilling in the area by INCO in the 1960's intersected significant nickel-copper-PGM mineralization associated with ultramafic intrusive rocks, including 16.2 m of 0.8% Ni, 0.5% Cu and 2 g/t PGM. Detailed ground geophysical follow up will be carried on the property in November. Priority anomalies will be drill tested in Q1 of 2007.

The Company also announced that a drilling contract has been awarded to continue the campaign at the Magino property near Wawa, Ontario. Golden Goose drilled fifteen holes totalling 6,670 m on the Magino property earlier in 2006. Results were the subject of a press release dated August 1st 2006. The drilling discovered and expanded multiple high-grade zones of gold mineralization from 150 to 400 m below surface, under the historical Magino Mine workings. The 2006 drilling successfully identified a robust mineralized system and demonstrated the down-dip continuity of the mineralization, which remains open at depth and along strike.

Disclaimer

Copyright (c) 2000 - 2007 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印