A total 1,286 drill holes comprising124,118 metres of current and historical drilling, and channel sampling, andgeological mapping from old drifts were used in the estimates. The resourceswere calculated over a minimum 1.5-metre mining width, and high assays werecapped at 40 grams gold per tonne. The estimation method used is polygonal onlongitudinal section.The [...]
A total 1,286 drill holes comprising124,118 metres of current and historical drilling, and channel sampling, andgeological mapping from old drifts were used in the estimates. The resourceswere calculated over a minimum 1.5-metre mining width, and high assays werecapped at 40 grams gold per tonne. The estimation method used is polygonal onlongitudinal section.The Goudreau Lake Deformation Zone (GLDZ) has been traced along a strikelength of 2.1 kilometres on the Magino property, and half of it has been verylittle explored. The Magino deposit, hosted by the GLDZ, remains open to thenortheast and southwest, and at depth. The Magino Mine was in production from1988-1992, during which time it produced 105,543 ounces of gold.
The fullInnovexplo report on the Magino property is expected to be filed on SEDARwithin 30 days.”Golden Goose is determined to move this project forward into the feasibilitystage, and getting an overall picture of our resource was a key first step,”says Jean-Marc Lacoste, President and Chief Executive Officer of Golden Goose.”This estimate is based on an actual underground mining model and provides avery solid basis on which to proceed.”As previously announced, Mr. Lacoste will be replaced by Francois Perron asPresident and CEO as of May 1, 2009 Mr. Perron noted that the project is nowready to enter the prefeasibility stage, and added: “It is very exciting forme to come on board at this juncture. (InnovExplo Inc.), and the effective date of theestimate is April 24, 2009.Notes:- Mineral Resources are not Mineral Reserves having demonstrated economicviability.- Results are presented undiluted and in situ. The estimate includes 133gold-bearing zones and covers the Magino project area over 1,200 metresE-W, 500 metres N-S, and from an elevation of 0 to -500 m.- The resources were compiled using a minimum cut-off grade of 3.0 g/tAu. This cut-off must be re-evaluated in light of current marketconditions (gold price, exchange rate and mining cost).- A fixed density of 2.87 g/cm3 was used.- Ounce (troy) = Tonnes X Grade /31.10348- A minimum of 1.5 m true thickness was applied, using the grade of theadjacent material when assayed, or a value of zero when not assayed.- High grade capping was done on the raw data and established at 40.0 g/tAu.- No drill hole compositing was done. Resources were evaluated from drillhole and channel results using a polygonal on longitudinal approach.- Calculations used metric units (metres, tonnes and g/t Au).- The Company is not aware of any known environmental, permitting, legal,title-related, taxation, socio-political, marketing or other relevantissue that could materially affect the Mineral Resource estimate.- Any discrepancies in the totals are due to rounding effects; roundingfollowed the recommendations in Regulation 43-101.- Number of tonnes was rounded up to the nearest hundred.ABOUT GOLDEN GOOSE RESOURCESGolden Goose Resources Inc.
is a Canadian public company listed on the TSXVenture Exchange under the symbol GGR. The Company is principally engaged inmineral exploration and acquisition and has a portfolio of gold, platinumgroup metals, and nickel properties in Ontario and Quebec.Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.SOURCEGOLDEN GOOSE RESOURCES INC.Jean-Marc Lacoste, President, Golden Goose Resources Inc., 1-888-928-4667,Fax: 1-888-494-5371, , . * Total revenues for the quarter were $173.0 million, down 21.2 percent comparedwith $219.6 million in the prior year period.* EPS for the quarter was ($1.03) per share; Adjusted EPS was ($0.06), excludinga pre-tax, non-cash charge of $76.5 million for the write down of goodwill andintangibles related to the Company`s Gourmet Food and Gift Baskets business anda non-recurring, pre-tax charge of $1.5 million for severance costs associatedwith a labor force reduction completed during the quarter, compared with EPS of$0.05 per diluted share in the prior year period.* Company Reports Making Excellent Progress Toward Achieving its Target ForOperating Expense Savings of $50 Million for Fiscal Year 2010.CARLE PLACE, N.Y.–(Business Wire)–1-800-FLOWERS.COM, Inc. (NASDAQ: FLWS), the world`s leading Florist and GiftShop, today reported revenues of 173.0 million for its fiscal third quarterended March 29, 2009 compared with revenues of $219.6 million reported in theprior year period. The revenue decline of 21.2 percent was attributed primarilyto the continued weakness in the retail economy and, to a lesser extent, theshift of the Easter holiday into the Company`s fiscal fourth quarter and lowerValentine`s Day sales related to the holiday falling on a Saturday this year.
Gross margin for the quarter was 40.2 percent compared with 40.8 percent in theprior year period. During the quarter, the Company reduced its operatingexpenses by approximately $10 million (excluding depreciation and amortization,goodwill and intangibles impairment and one-time severance costs), compared withthe prior year period, reflecting a continued focus on driving costs out of itsbusiness platform. The lower revenues in the quarter, however, impacted theCompany`s operating leverage, resulting in an increase of 500 basis points inoperating expense ratio to 41.1 percent compared with 36.1 percent in the prioryear period. As a result of these factors, and including a seasonal operating loss of $1.7million primarily associated with the Company`s DesignPac Gifts business(acquired in April, 2008), EBITDA* loss for the period was $1.5 million comparedwith a gain of $10.3 million in the prior year period. (*Earnings BeforeInterest, Taxes, Depreciation, Amortization and goodwill and intangibleimpairment charges.A reconciliation of Net Income to EBITDA is included as partof the tables attached to this release.)Net loss for the quarter was $65.8 million or ($1.03) per share; adjusted netloss was $4.0 million or ($0.06) per share, excluding a pre-tax, non-cash chargeof $76.5 million for the write down of goodwill and intangibles associated withthe Company`s Gourmet Food and Gift Baskets segment and excluding a one-timepre-tax charge of $1.5 million for severance costs associated with a labor forcereduction completed during the quarter, compared with net income of $3.3million, or $0.05 per share, in the prior year period. Jim McCann, CEO, said, “During our fiscal third quarter, we saw continuedweakness in consumer demand related to the current economic climate. Inaddition, the shift of Easter out of the quarter impacted both our consumerfloral and gourmet food and gift baskets categories, and accounted forapproximately $7 million of the total revenue shortfall.
Also, year-over-yearrevenues for the Valentine holiday were lower due to its falling on a Saturdaythis year, rather than a weekday, which is historically much better for ouronline business.” McCann noted that the Company`s BloomNet Wire Service revenues grew 10 percentduring the quarter to $17.0 million while category contribution margin remainedstrong at approximately 33 percent. “BloomNet is focused on deepening itsrelationships with our florist members by providing them with the products andservices that can help them in this challenging economy. In doing so, wecontinue to grow our market share as the wire service industry`s leader in valueand innovation,” said McCann. McCann reported that the Company has made excellent progress toward achievingthe operating cost savings that it forecast for the second half of fiscal 2009.”To date, we have implemented the majority of our cost saving initiatives and weare well on our way to completing these efforts by fiscal year end in June.

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