The company said that the program also yielded many intercepts above the 2.0g/t Au cut-off grade.
Significant assay results from this diamond drill program (SJG-10-189 to SJG-10-224) drilled in the San Pablo, La Union and Purisima veins.
The San Jose de Gracia District is 100%-owned by DynaResource de Mexico.
Goldgroup currently owns 25% of DynaMexico after completing the initial stages of its earn-in and has the right to earn an additional 25% (total of 50%) by advancing a remaining $4m by 15 March 2011.
The recent drilling expenditures were incurred in connection with the earn-in of the additional 25% of DynaMexico.
The remaining interest in DynaMexico is owned by DynaUSA.
San Jose de Gracia is a high-grade advanced exploration project hosting a NI 43-101 compliant mineral resource estimate contained in four separate veins.
